South African Small, Medium, and Micro Enterprise (SMME) Financiers Table of Contents 1. Introduction....................................................................................................................................................... 5 2. Banking Institutions ......................................................................................................................................... 5 2.1 ABSA ................................................................................................................................................................... 5 2.2 Al Baraka Bank .................................................................................................................................................. 6 2.3 Bidvest Bank ...................................................................................................................................................... 7 2.4 First National Bank ........................................................................................................................................... 7 2.5 Investec .............................................................................................................................................................. 9 2.6 Mercantile Bank .............................................................................................................................................. 10 2.7 Nedbank ........................................................................................................................................................... 11 2.8 Sasfin ................................................................................................................................................................ 11 2.9 Standard Bank ................................................................................................................................................. 12 2.10 Grindrod Bank ............................................................................................................................................... 12 3. Government Funders ..................................................................................................................................... 13 3.1 Development Bank of Southern Africa (DBSA) ......................................................................................... 13 3.2 The Eastern Cape Development Corporation (ECDC) ............................................................................. 14 3.3 The Gauteng Enterprise Propeller ............................................................................................................... 15 3.4 Industrial Development Corporation (IDC)................................................................................................. 16 3.5 The Ithala Development Finance Corporation Limited (Ithala) .............................................................. 17 3.6 Limpopo Economic Development Agency (LEDA) ................................................................................... 18 3.7 The National Empowerment Fund (NEF) ................................................................................................... 18 3.8 North West Development Corporation (NWDC) ....................................................................................... 19 3.9 Small Enterprise Finance Agency (sefa) .................................................................................................... 20 4. Private Investors/Fund Managers .............................................................................................................. 20 4.1 Angel Investment Network ........................................................................................................................... 20 4.2 Ata Capital ........................................................................................................................................................ 21 4.3 Business Partners Limited ............................................................................................................................ 21 4.4 Centrafin ........................................................................................................................................................... 23 4.5 Collins Private Equity Holdings .................................................................................................................... 24 4.6 Edge Growth .................................................................................................................................................... 24 4.7 First Asset Finance......................................................................................................................................... 25 4.8 GroFin ............................................................................................................................................................... 25 4.9 Grovest ............................................................................................................................................................. 26 4.10 Horizon Equity ............................................................................................................................................... 26 4.11 Imbewu Capital Partners ............................................................................................................................ 27 4.12 Inspired Evolution ......................................................................................................................................... 27 4.13 Knife Capital .................................................................................................................................................. 27 4.14 Lulalend .......................................................................................................................................................... 28 4.15 Metier .............................................................................................................................................................. 28 4.16 Merchant West ............................................................................................................................................. 29 4.16 Musa Capital ................................................................................................................................................. 29 4.17 Nodus ............................................................................................................................................................. 30 4.18 Omidyar Network.......................................................................................................................................... 30 4.19 Silvertree Internet Holdings ........................................................................................................................ 31 4.20 Spartan ........................................................................................................................................................... 31 4.21 Utho Capital ................................................................................................................................................... 32 4.22 Zimele ............................................................................................................................................................. 32 5. Micro (to small) Financiers ........................................................................................................................... 33 5.1 4Di Capital (Pty) Ltd ....................................................................................................................................... 33 5.2 AngelHub Ventures ........................................................................................................................................ 33 5.3 i-Cubed Capital ................................................................................................................................................ 34 5.4 IDF Capital ........................................................................................................................................................ 34 5.5 The Masisizane Fund ..................................................................................................................................... 34 5.6 Merchant Capital ............................................................................................................................................ 35 5.7 Merchant Factors ........................................................................................................................................... 35 5.8 RainFin .............................................................................................................................................................. 36 5.9 Real People ...................................................................................................................................................... 36 5.10 ReichmansCapital ........................................................................................................................................ 37 5.11 Retail Capital ................................................................................................................................................. 37 5.12 Royal Fields Finance ...................................................................................................................................