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Access development support and finance with Old Mutual

Article provided by Old Mutual

Old Mutual as a responsible business is committed to assisting SMMEs and therefore contribute towards alleviating the impact of the high unemployment, poverty and inequality. To this end, Old Mutual has invested R103m towards assisting SMMEs and has also committed an incremental R500m to further advance the agenda for supporting SMMEs.

Enterprise and Supplier Development (ESD) Fund

We provide developmental funding and business support to qualifying black-owned businesses, helping to grow vibrant and sustainable enterprise that are within Old Mutual’s supply and value chain.

Do you qualify?

We’re looking for dynamic SMMEs who meet the following requirements:

  • Minimum 51% black-owned, managed and controlled
  • Annual turnover of less than R50m (up to R100m for businesses operating in the financial services sector)
  • Show high potential for growth and job creation
  • Registered for profit legal entity, compliant with SARS requirements
  • Supplier or intermediary contract with Old Mutual (alternatively the SMME would need to be assessed for procurement opportunities, dependent on requirement from Old Mutual)

Supply Chain Funding

We provide funding, access to markets and support to dynamic businesses in the following categories (non-exhaustive):

  • IT companies (including digital)
  • Professional services providers
  • Marketing companies
  • MICE (Meetings, Incentives, Conferences, Exhibitions)

Value Chain Funding

We provide funding, access to markets and support to black-owned businesses in the following categories (non-exhaustive):

  • Financial intermediaries (including brokerages)
  • Funeral parlours or service providers
  • Financial services administrators
  • Stock brokers

The interest rate to be charged on any funding to be extended by the ESD Fund is a risk-based assessment taking the following factors into account:

  • Projected financial performance of investee company
  • Operating sector of investee company
  • Macro-economic factors
  • Expected jobs to be created and other social measures

Investment size:

R2m – R75m (we have funded below R2m)

Term for loans: 2 – 7 years

If you think you qualify for this opportunity  or you need more information, you can contact Lebo Morulane via email at

Old Mutual is a proud Partner of the NSBC