SMME & Local Manufacture Support
Disclaimer: The South African Medical Technology Industry Association (SAMED) provides this content as a complimentary service. The content is not a substitute for appropriate legal advice and is not binding on SAMED. SAMED, its board members, committees, employees and members, will not be responsible for any inaccuracies or omissions, or, liable for any damages or loss of whatsoever nature suffered by any person as a result of relying on or using the content provided.
Small Enterprise Development Agency (Seda)
Seda’s mission is to promote entrepreneurship and develop small enterprises by providing customised non-financial business support services that result in business growth and sustainability in collaboration with other role players.
Seda’s entrepreneurial training courses empower small business owners with the necessary skills to enable them to take their businesses to greater heights. Entrepreneurs learn to:
- Market their business effectively;
- Understand the importance of building a reputable business profile as a marketing tool; and
- Maintain financial records and develop business plans.
These training courses also cover financial management, customer care, food handling hygiene, and basic business skills, whilst helping entrepreneurs to identify areas of improvement for their business
Small Enterprise Finance Agency (sefa)
The Small Enterprise Finance Agency (sefa) provides financial products and services to qualifying small, medium and micro enterprises (SMMEs) and co-operatives.
Industrial Development Corporation (IDC)
The IDC is a national development finance institution set up to promote economic growth and industrial development. It is owned by the South African government under the supervision of the Economic Development ministry.
- Chemicals, medical and industrial mineral products strategic business unit
- Loan- and equity-based financial assistance to new and existing businesses
- The attraction of foreign direct investment
- The search for strategic, technical, and marketing alliances, both locally and internationally
- Business support
- Machinery, equipment and electronics sector
- Electronics in the technology and digital equipment space
- Logistics, lifting and handling equipment
- Manufacturing processing equipment
- SMME’s during the early stages of commercialization.
- MCEP: to assist manufacturing companies with working capital
- SME Connect: to expand and deepen industrial development in the small business segment
- SMEs and MIDCAP companies: to assist SMEs and MIDCAP companies to access loan financing for CAPEX, medium and long term working capital
- Black industrialist and exporters conference: to increase the participation of black South African in the ownership and control of productive enterprises
Gauteng Growth and Development Agency (GGDA)
The GGDA is committed to creating an inclusive and transformed Gauteng economy that is focused on creating jobs, developing skills, developing innovative and sustainable enterprises, developing strategic economic infrastructure, increasing exports to the continent, and increasing foreign and domestic direct investment.
- Match making
- Accessing finance
- Location benchmark
- Retention and expansion
- Site locations
- Economic intelligence
- Tshwane freight terminal and logistic hub
- Lanseria smart city
- The Vaal special economic zone
- S&J industrial estate
- Medical manufacturing cluster
As the official tourism, trade and investment promotion agency for Cape Town and the Western Cape, Wesgro assists investors and businesses looking to branch out into the province. Regardless of the sector your company operates in – be it wine, technology, agriculture or another sector – Cape Town and the Western Cape have all the elements necessary to make your investment a success.
KZN Growth Fund
KZN Growth Fund (KGFT) was structured as a unique public-private partnership venture to finance medium to large private sector projects. The main stimulus being to co-fund and or fund catalytic investments within impact industries as governed by KGFT’s mandate and investment policy.
The KZN Growth Fund targets projects and investments across many sectors in the province including health and education and manufacturing.
The Medical Device and Diagnostic Innovation Cluster (MeDDIC) is a national initiative created to exploit a high concentration of skills, expertise, infrastructure and companies across South Africa within the medical devices field.
- Localisation and Rapid Product Development
- Human Capital Development
- Medical Devices Stakeholder Forum
- Support for regulatory compliance
- Seed funding for innovation and localization of medical device manufacture
National Empowerment Fund (NEF)
The NEF’s role is to support Broad-based Black Economic Empowerment (BBBEE). It anticipates future funding and investment requirements to help black individuals, communities and businesses achieve each element of the codes of good practice.
- Women empowerment fund
- The NEF Women Empowerment Fund is aimed at accelerating the provision of funding to businesses owned by black women. The funding starts from R250 000 to R75 million across a range of sectors, for start-ups, expansions and equity acquisition purposes.
- iMbewu fund
- This Fund is designed to support black entrepreneurs wishing to start new businesses as well support existing black-owned enterprises with expansion capital.
- uMnotho fund
- Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. These products provide capital to black-owned and managed enterprises, black entrepreneurs who are buying equity shares in established black and white owned enterprises, starting new ventures, expanding existing businesses and BEE businesses that are or wish to be listed on the JSE.
- Strategic project fund
- SPF’s sector focus is informed by the government’s strategies on industrial development through the dtic’s National Industrial Policy Framework, the corresponding Industrial Policy Action Plans [IPAP] as well as the current government economic growth strategy, the New Growth Path. This includes Manufacturing and Pharmaceuticals and Chemicals
Invest SA is here to facilitate your investment and reduce your time-to-market.
- Business critical information to support your decision process
- Specialized and dedicated assistance to address all your investment issues
- Connect you to local partners and stakeholders
Healthcare and Life Science Sector
- The medical device sector is a priority sector for the South African government. Whilst a number of the products in this market are imported, analysts expect that the African device market is expected to grow at a compound annual growth rate of 6.3% from 2017-2023, reaching around $ 7.1 billion in revenue by 2023. As a result of the Corona virus onset, global supply chains disrupted giving way to emerging opportunities presenting itself in the SA and African market. Local production of ventilators and diagnostic kits started as a result of global shortages for such products.
- Saldanha Bay, Western Cape
- Coega, Eastern Cape
- East London, Eastern Cape
- Maluti-A-Phofung, Free State
- Musina-Makhado, Limpopo
- Dube TradePort, KwaZulu Natal
- Nkomazi, Mpumalanga
- Richards Bay, KwaZulu-Natal
- Platinum Valley, North West
- Atlantis, Western Cape
The Department of Trade, Industry and Competition
The Department of Trade, Industry and Competition (the dtic) was established after the merger of the Department of Trade and Industry and the Economic Development Department. It is their vision to create a dynamic industrial, globally competitive South African economy, characterised by meaningful economic transformation, inclusive growth and development, decent employment and equity, built on the full potential of all citizens.
- 12I Tax Allowance Incentive
- The 12I Tax Incentive is designed to support Greenfield investments (i.e. new industrial projects that utilise only new and unused manufacturing assets), as well as Brownfield investments (i.e. expansions or upgrades of existing industrial projects). The incentive offers support for both capital investment and training.
- Black Industrialists Scheme
- The purpose of Black Industrialists (BI) policy is to leverage the State’s capacity to unlock the industrial potential that exists within black-owned and managed businesses that operate within the South African economy through deliberate, targeted and well-defined financial and non-financial interventions as described in the IPAP and other government policies.
- Capital Projects Feasibility Programme
- The primary objectives of the programme is to facilitate feasibility studies that are likely to lead to high-impact projects which will stimulate value-adding economic activities in South Africa as this will have greater impact on the country’s industrial policy objectives.
- Critical Infrastructure Programme
- The Critical Infrastructure Programme (CIP) aims to leverage investment by supporting infrastructure that is deemed to be critical, thus lowering the cost of doing business.
- Export Marketing & Investment Assistance Scheme
- The Export Marketing and Investment Assistance (EMIA) scheme develops export markets for South African products and services and to recruit new foreign direct investment into the country.
- Global Business Services Incentive
- The primary objective of the incentive is to create employment in South Africa through servicing offshore activities.
- The Manufacturing Competitiveness Enhancement Programme
- The Industrial Financing and Loan facilities comprises two components i.e. Pre and post-dispatch Working Capital Facility and the Industrial Policy Niche Projects Fund.
- Sector Specific Assistance Scheme
- The Sector Specific Assistance Scheme is a scheme that compensates for costs in respect of the approved activities aimed at the development of South African emerging exporters through events.
- Support Programme for Industrial Innovation
- The Support Programme for Industrial Innovation (SPII) is designed to promote technology development in South Africa’s industry, through the provision of financial assistance for the development of innovative products and/or processes.
Department of small business development
The Ministry of Small Business Development was established in 2014 marking a turning point in history of SMMEs and Co-operatives development in South Africa, demonstrating Government’s commitment to place SMMEs and Co-operatives at the centre of economic growth and job creation.
The Department of Small Business Development (DSBD) was thereafter established as a standalone national department in accordance with the reorganisation of some national departments announced by the President in May 2014.
Small enterprise manufacturing support programme
The programme aims to contribute to South Africa’s localization strategy by supporting manufacturing enterprises to:
- Increase the relative contribution of manufacturing to GDP;
- Grow manufacturing employment targets;
- Change the structure of manufacturing to high-tech manufacturing;
- Increase labour productivity and
- Drive import replacement through locally manufactured goods increase exports in manufactured goods.
- Light Consumer Goods
- Clothing, leather and textiles;
- Petroleum and chemical products;
- Hi-Tech Manufacturing:
- Electrical machinery
- Green technology/ Digital Technology- 3D
National Small Business Chamber
The NSBC is Africa’s leading SME organisation and the fastest growing organisation of its kind in the world, committed to helping business owners and entrepreneurs become tomorrow’s business legends.
- How to become financially fit
- Experian and the NSBC are joining forces to educate small business owners and their employees on their financial and credit health, empowering them to improve their personal and business credit profiles to access the funding required to maintain and grow their business.
- Launch my start up
- Programme sponsoring 1000s of start up each year
- Prompt payment code
- Initiative to get big business and government to pay SMEs within 30 Days
National Youth Investment Agency
The NYDA is a South African-based agency established primarily to address challenges faced by the nation’s youth. The Agency was established by an Act of Parliament (Act 54 of 2008). The institution was established to be a single, unitary structure addressing youth development issues at National, Provincial and Local Government level. The Agency should be seen within the broad context of South Africa’s development dynamics.
- NYDA Grant Programme
- The NYDA Grant Programme is designed to provide young entrepreneurs with an opportunity to access both financial and non- financial business development support in order to enable them to establish or grow their businesses.
- Market Linkages
- The programme supports start-ups and existing businesses by actively engaging with potential opportunity providers and lobbying them to avail business opportunities to youth owned businesses.
Isivande Women’s Fund
Isivande Women’s Fund (IWF) is an exclusive fund that aims to accelerate women’s economic empowerment by providing more affordable, usable and responsive finance than is currently available. The IWF targets formally registered, that are 50% + 1 share women-owned and/or managed enterprises that have been in existence and operating for at least six months with a loan range of R30 000 to R2 million.