Archive | Finance

Marius Alberts & Alan Winde

Funding Fair application deadline extended

This year’s Western Cape Funding Fair application deadline has been extended, offering entrepreneurs from the province the opportunity to learn about getting your business investment ready, and to pitch for funding. Applicants who wish to pitch their businesses for funding at the fair, have until 24 March 2016 to apply. The fair, a partnership between Deloitte and the… [Continue Reading]

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Sharon Smulders of the South African Institute of Tax Practitioners

Make your tax registration changes online

Business owners can now amend details and register for various types of tax with the help of just a single form – the Registration, Amendments and Verifications (RAV01) form. This follows the implementation of a single registration process last month by the South African Revenue Service (Sars). The aim of the process is to consolidate… [Continue Reading]

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Many ways to fund your business

Access to finance has always been a sore point for small business owners, especially those looking to start out. However, funding for small businesses do exist, albeit hard to get sometimes. Read about the options for innovative funding: Venture Capital Angel Investment Commercial Banks Crowdfunding Development Finance  

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DEVELOPMENT FINANCE: Shakeel Meer, executive director at the IDC

DEVELOPMENT FINANCE

Q: Who is the ideal candidate for this kind of funding? A: Businesses in the sectors that fall within the IDC’s mandate such as agro-processing, chemicals, clothing & textiles, metals, forestry etc Q: What is the range for this funding? A: The IDC provides funding from R3-million. Q: What is the criteria for this kind… [Continue Reading]

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CROWDFUNDING: Patrick Schofield, CEO of Thundafund

CROWDFUNDING

Q: Who is the ideal candidate for this kind of funding? A: Crowdfunding allows a large number of people to each back a project or idea with small amounts. Q: What is the range for this funding? A: Anyone who has a creative or innovative idea that they believe people will buy. Q: What is… [Continue Reading]

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BANKS: Lee Bromfield, head of credit, FNB Business Banking

COMMERCIAL BANKS

Q: Who is the the ideal candidate for this kind of funding? A: We predominately look to finance FNB-banked businesses with a good track record. Q: What is the range for this funding? A: For the business banking segment we offer funding from R10 000 upwards. Q: What is the criteria for this kind of… [Continue Reading]

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ANGEL INVESTMENT: Phillip Faure, head of philanthropy at Citadel

ANGEL INVESTMENT

Q: Who is the ideal candidate for this kind of funding? A: Philanthropy is grant funding to organi-sations that do public benefit activity. Q: What is the range for this funding? A: The range would be very broad. Venture philanthropists would potentially provide seed funding from R100 000 to projects in the millions. Q: What… [Continue Reading]

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VENTURE CAPITAL: Marc Elias, founder and CEO of Seed Engine

VENTURE CAPITAL

Q: Who is the ideal candidate for this kind of funding? A: The ideal candidate for the Seed Engine falls under the “crazy ones”. We are weighted in favour of low capital requirements and high-scale business models which generally results in technology. Q: What is the range for this funding? A: At the moment we… [Continue Reading]

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Fund your business innovatively

Access to finance has always been a sore point for small business owners, especially those looking to start out. However, funding for small businesses do exist, albeit hard to get sometimes. Read about the options for innovative funding: Venture Capital Angel Investment Commercial Banks Crowdfunding Development Finance   Lee Bromfield, head of credit at First… [Continue Reading]

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