The Masisizane Fund (NPC) is an initiative of Old Mutual South Africa, established in 2007 following the closure of the Unclaimed Shares Trust. The mandate of the Fund is to contribute meaningfully to employment creation and the attraction of investment. This is achieved through the promotion of entrepreneurship, enterprise finance and support to small, micro and medium enterprises.
The Fund's focus is on enterprises that are 51% or more owned by previously disadvantaged individuals, giving priority to rural and peri-urban/township areas. Masisizane gives preference to businesses that are owned by youths, people with disabilities or owned by (51% or more) women, and targets productive and labour absorbing sectors.
The Fund's success is driven by a focused approach on high impact industry sectors, coupled with a comprehensive SMME finance solution that includes business support. The Fund provides loan finance in the following sectors:
The Fund supplies non-financial value adding post investment services including capacity development, business management and technical support, financial education, market development, and product/service quality standards and compliance. A Business Accelerator Program has been established, where potential clients receive targeted skills training and support to grow into a business eligible to receive financial support.
Masisizane operates nationally, with its head office in Gauteng and regional offices in KwaZulu-Natal, Limpopo, the Eastern Cape and the Western Cape.
Submit the following documents for an initial screening by the relevant provincial office: