ENTREPRENEURS FUNDING GUIDE

A SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE: Who may help, what you must do and how to register (businesses, NPO’s and even old age homes).

A SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE: Finding post covid-19 work in South Africa is a sticky conversation – and starting your own business is often nothing more than a conversation starter. But it should be. Many South Africans offer free charity work and consultancy services in their communities. Daily. The IT guy that is always helping a neighbor set up software. The Gogo that is looking after children’s children. In a different setting, this is called day-care and registering a NPO for example, any help everyone concerned. It is very important to know who are the SOUTH AFRICAN ENTREPRENEURS FUNDING BODIES and and understand the cash injection process.

With so many people still working remotely, the IT guy’s services will now be more in use than ever and it can be turned into a paying business with entrepreneurial funding. Let’s look at where to go and how to go about it in our ENTREPRENEURS FUNDING GUIDE.

” I AM THE MASTER OF MY FATE AND THE CAPTAIN OF MY DESTINY. “
Nelson Mandela.

SOUTH AFRICAN ENTREPRENEURS follow the ENTREPRENEURS FUNDING GUIDE

When you ask South African entrepreneurs about their reasons for becoming self-employed, many answers are about seeing an opportunity, or survival need.

Unemployed job-seekers that are asked about their reasons are for not starting a business, the answer is usually lack of funding. Our South African ENTREPRENEURS FUNDING GUIDE will show you who funds what and where to get hold of them.

Challenges that feature for South African entrepreneurs:

1) Finding customers / clients / business;
2) Insufficient funds and not capable to raise funds;
3) No guidance;

Understand SOUTH AFRICAN ENTREPRENEURS FUNDING BODIES

  • who they are and
  • who are the companies they support

See from the list below if you can spot your industry, your talents or daily life, your existing or future business and follow the rest of our ENTREPRENEURS FUNDING GUIDE.

The Small Enterprise Finance Agency (SOC) Limited (sefa) provides: financial help, products and services to SMMEs and Co-operatives that qualifies, from the following sectors:

  • Small Enterprise Finance Agency
  • Services (including tourism, retail & wholesale trades);
  • Manufacturing (including agro-processing i.e. from agricultural raw materials, which include ground and tree crops as well as livestock and fisheries, to create edible or usable forms);
  • Agriculture (in specific land reform beneficiaries and contract-farming activities);
  • Construction (contractors with smaller construction projects);
  • Mining (miners on smaller scale projects);
  • Green industries (renewable energy like solar power, management of waste and recycling).
SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE through Government BODIES:

● The DEPARTMENT of TRADE and INDUSTRY (DTI) and its agencies assist economic development and black economic empowerment, commercial law implementation, promoting and regulating international trade, and also consumer protection.

SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE through the DTI is obtainable from :

● SEDA TECHNOLOGY PROGRAMME  provides financial and non-financial technology transfer, business quality and incubation support services for small enterprise.

● AGRO-PROCESSING SUPPORT SCHEME  (APSS) investing in new and existing agro-processing projects.

● SUPPORT PROGRAMME for INDUSTRIAL INNOVATION (SPII) assisting with promotion of technology development in South Africa’s industry, through financial funding assistance for the development of innovative products and processes.

● The AQUACULTURE DEVELOPMENT and ENHANCEMENT PROGRAMME (ADEP) is a programme for projects in primary, secondary and ancillary aquaculture activities

● EXPORT MARKETING and INVESTMENT ASSISTANCE SCHEME  (EMIA) boosts the developing of South African services and products to have more export markets and to employ new foreign direct investment into South Africa.

● The SECTOR SPECIFIC ASSISTANCE SCHEME (SSAS)– a cost-sharing grant that will pay up to 80%

● The SECTOR SPECIFIC ASSISTANCE SCHEME (SSAS)– a cost-sharing grant that will pay up to 80% of all the costs and expenses incurred by (non-profit) export councils, industry associations and joint action groups in providing support to companies that improve the export market for South African products.

● BLACK INDUSTRIALISTS SCHEME (BIS) is incentive programme is a cost-sharing grant that will pay 30% to 50% to approved entities, (maximum of R50-million). Deciding factors of the total grant amount depends on black ownership and management control levels, the project’s economic benefit and the value.The aim is to fast-track the participation of black industrialists in the South African economy.

● GREEN ENERGY EFFICIENCY FUND focuses on improving the South African SMEs energy efficiency status and South Africa’s green economic development. GEEF supports the future saving of energy or reductions of emissions projects. Businesses that promote these green qualitues from usually energy intensive industries like manufacturing, mining and agro-processing are favoured.

● THE GROWTH FUND is open to South African-owned businesses that have their operation within South African borders, are at least one year old and have a R1-million + turnover or assets.

● TECHNOLOGY INNOVATION AGENCY  (TIA) – SEEDS FUND for those that wish to commercialise their research after working with a higher education institution or science council. The grants usually vary R200 000 – R1-million per project.

● NATIONAL YOUTH DEVELOPMENT AGENCY (NYDA) offer micro-finance grants for South African youth entrepreneurs / co-operatives to boost participation of youth in the co-operative sector. Loans vary from R1 000 to a maximum of R200 000 per individual or youth co-operative. Only considered to those that commit to participating in the NYDA mentorship and voucher programme for two years min.

● INDUSTRIAL DEVELOPMENT CORPORATION (IDC) aims to promote economic growth and industrial development. Offering funding amounts of R1-million to maximum of R1-billion per project.

Funding criteria: half or more, of its owners must be under 35 years old and funding is for startup businesses, for buildings or machinery and working / operating capital for businesses in South Africa. An existing business can also apply for expansionary purposes.

  • TECHNOLOGY INNOVATION AGENCY (TIA) – SEED FUND
  • TECHNOLOGY VENTURE CAPITAL FUND   loans are to enable the South African conversion of technology-rich local intellectual property into a market-ready product, and commercialisation. Emerging technology-focused businesses must be South African.

● AUTOMOTIVE and TRANSPORT EQUIPMENT will fund R1-million + (of equity) to automotive and transport equipment manufacturer / assembler for build global competitiveness.

● IDC’s STRATEGIC BUSINESS UNIT (SBU) for CLOTHING and TEXTILES funding.

●  CHEMICAL PRODUCTS and PHARMACEUTICALS FUND for tge support of chemical and pharmaceutical production / manufacturing.

● MACHINERY and EQUIPMENT  – min equity investment of R10-million.

● YOUTH PIPELINE DEVELOPMENT PROGRAM assist with proposal readiness and funding.

  • SEFA is a SOUTH AFRICAN ENTREPENEURS FUNDING body responsible for The Department of Small Business Development. Its main aim is to foster the SMME’s and Co-operatives’ establishment, development and growth while also contributing towards alleviation and relief of poverty, unemployment and improving economic growth.
South African entrepreneurs, SMMEs and Co-operatives are provided with access to finance by:
  • the delivering of wholesale and direct products, finance funding or lending credit facilities;
  • giving South African entrepreneurs, SMMEs and Co-operatives credit guarantees;
  • support to strengthen institutional financial intermediaries. The main aim is for them to effectively help small and micro-enterprises and co-operatives;
  • strategic partnership creation with institutions for sustainable small, micro and co-operative enterprise development, growth and support;
  • monitoring financial funding effectiveness and impact, credit guarantee and capacity development activities;
  • speeding up increased market participation in the providing of affordable finance. Sefa forms a partnership with the qualifying business for a sustainable development strategy.
Small South African business enterprises can in gain access to sefa’s products through:
  • Commercial banks
  • Co-operative financial institutions (CFIs)
  • Micro-finance intermediaries (MFIs)
  • Retail financial intermediaries (RFIs)
  • Strategic partnerships;
  • Structured Finance Solutions (SFSs)

Credit figures: R500 up to R15-million when applying through any of sefa’s intermediaries or partnerships.

Qualifying for direct loans of R50 000 to R15-million, SMMEs and Co-operatives might gain access through regional offices, sefa co-location offices, branches and satellite offices nationally.

SEFA’s SOUTH AFRICAN ENTREPRENEURS FUNDING TERMS:

● The facility will offer working capital funding strictly as direct, auditable costs;

● Maximum R500 000 per SMME – depending on specific requirements

● The business cash flow determines the loaning term (maximum of 6 months);

● Loan facilities interest rate of Prime less 5%;

NOTE: In case of Funds being misused, the South African entrepreneurs / individual responsible or business will be liable for repayment at Prime plus 10%

SEFA’s SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE: QUALIFYING CRITERIA:

● Businesses that are negatively affected due to the Covid-19 Coronavirus pandemic;

● A 100% South-African citizen owned company;

● 70% plus of the employees must be South African;

● Women, Youth and People with Disabilities entrepeneurs will receive priority

● Be SARS registered and compliant;

● Be compliant and UIF registered;

● Be registered on the National SMME Database.

Registrations for the SMME contact details:

Head Office
Byls Bridge Office Park, 
Cnr Olievenhoutbosch Street & Jean Avenue, Building 14 , Block D;
11 Byls Bridge Boulevard 
Highveld Extension 73 
Centurion, 0157

Phone: 012 748 9600
Email: helpline@sefa.org.za

● BLACK BUSINESS SUPPLIER DEVELOPMENT PROGRAMME (BBSDP) aims to uplift and improve sustainability and competitiveness of majority black-owned business enterprises through capital injection.

QUALIFYING CRITERIA for BLACK BUSINESS SUPPLIER DEVELOPMENT PROGRAMME (BBSDP):

▪ Enterprises with a predominantly black ownership / management team;

▪ Enterprises with a min turnover of R1 million and max turnover of R35 million;

▪ The enterprise must have been existing for one financial year at least, operating and trading.

▪ 50% of the approved tools, machinery and equipment costs grant, to a maximum of R800,000;

▪ 80% of the approved training and business development services costs grant, to a maximum of R200 000.

Implementing Agency:

The Department of Trade & Industry
Phone: +27 (12) 394 1438 
Email: gmakhonxa@thedti.gov.za

● THE DIRECTORATE: TECHNOLOGY for SUSTAINABLE LIVELIHOODS which drives the implementation of the Department’s Innovation for Local Economic Development (ILED) strategy.

The ILED strategy focuses on achieving inclusive Local Economic Development through local innovation and production systems, with highlighted importance in South Africa. LED places innovation at the center of development, focusing on SAn economies that can support inclusive development and increase well being of marginalized communities, with specifics to troubled municipalities.

Key LED objectives:

  • Exploiting technology and other forms of innovation to catalyze community-owned local industries and production value chains and thus supporting small enterprise development and South African employment creation.
  • Strengthen local capabilities by means of systems of innovation, through improved local training and knowledge exchanges and networks (made up of TVET and community colleges, Living Labs, private sector innovation centers and innovative businesses, universities, etc.); and thus improve local capabilities, science and innovation activities. The result should be to alleviate poverty and unemployment and inclusion with economic opportunities.
  • Supporting local government and LED agents and actors to boost innovation-driven LED through knowledge material, products and tools, capacity building and decision-support tools.
  • Local Agriculture systems of Innovation and Production

● DSI focuses its support on rural and per-urban agriculture and agro-processing.

Essential oils local value chains and cluster sites are established in rural and peri-urban district municipalities.

Essential oils may include: Rose Geranium, Lemon Balm, Yarrow, Pumpkin seed oil, medicinal plants for example Devil’s Claw, Sutherlandia, Pelargonium Sidoides, African Ginger, and aquaculture like Mozambique tilapia. There is a demand for these, most are indigenous and some rare and slow growing, thus highly prized.

The Directorate works with sector departments (for example the Department of Agriculture, Land Reform and Rural Development, Department of Environment, Forestry and Fisheries), funding bodies, grassroots innovators, and local government and implementer, to help grow the potential of local/priority value chains and clusters. This aim is approached through the use of science, technology and innovation.

● The LIVING LABS programmer aims to establish community-based co-creation innovation labs and support programmes that enables the youth to become innovators and local stakeholders to play a part in creating solutions towards increasing the spatial footprint of innovation in South Africa. The locations that the ICT-based facilities are mostly set up in are rural communities (especially), peri-urban and township communities.

● Local Innovation and Assessment Toolbox (LIAT) is designed to assist district municipalities and other LED actors and agents to understand their local innovation landscapes. LIAT can be useful in assisting with innovative actors to partners interactions i.e. innovative businesses, knowledge organisations, government and the non-profit sector. Inclusively, focused development and maximum local resources use is the route that is used towards South African development with optimum social, economic and environmental growth results.

 LIAT helps LED actors and agents to understand the following:

  •  The local innovation systems’ actors involved, linkages within and across.
  • The main innovation activity types and processes within local spaces.
  • The local innovation systems’ roles of economic sectors
  • The making use of local resources, innovative activities and presence of networks.
  • Understanding the characteristics, nature and potential of linkages to the national system of innovation (NSI).
  • Understanding how far local government is ready to foster innovation-driven LED.
  • Grasping the extent of the existence and proximity to innovation infrastructure.

LIAT COMMUNITY of PRACTICE (CoP) objectives are as follows:

  • Developing strong relationships, linkages and interactions among local actors (municipalities and private sector, communities and civil society, universities, TVET and community colleges).
  • To increase among CoP members at local level a co-generational knowledge sharing, networking and co-learning.
  • To improve and customize the LIAT to compliment local contexts, with inclusive focus on developing new tools and techniques.
  • To identify, explore and uplift potentially systemic solutions that will contribute to LED through economic sector development, job creation and poverty alleviation.
  • Improving LED efforts by interfacing with existing LED forums and other LED structures.
  • To benefit the future trajectory of LED in South Africa by documenting and sharing experiences, training, knowledge and lessons learned from the CoP with other key stakeholders in LED and the NSI.

The INNOVATION CHAMPIONS for LED PROGRAMME appropriately trains graduates that are then placed in district and local LED offices to perform the following tasks:

  •  Coordinating the mapping of local innovation systems using LIAT.
  • Ensuring and guiding with focus on the utilization of LIAT in integrated development planning (IDP) processes.
  • Ensuring the incorporation of LED strategies for innovation.
  • To create linkages among actors and agents within local innovation systems and ensure linkages between local systems and the NSI.
  • Sourcing funding and expertise from the NSI to implement LED interventions.

● The ILED RESEARCH NETWORK comprises a trans-disciplinary group of academics and scholars from expertise-level organisations in the disciplines of innovation studies, researchers, public policy, LED, development economics and development studies. It supports ILED’s agenda and policy formulation through knowledge generation, sharing and dissemination plus human capital development.

Contact Details if ILED:

Phone: Head Office +27 11 958 2529
E-mail: sales@iled.co.za
Address: 41 Willowbrook Office Park Van Hoof Street Ruimsig

 IMPLEMENTING AGENCIES

Human Sciences Research Council (HSRC)

Council for Scientific and Industrial Research (CSIR)

Agricultural Research Council (ARC)

Technology Innovation Agency (TIA)

SEDA Essential Oils Business Incubator (SEOBI)

University of Venda (UniVen)

University of Limpopo

University of KwaZulu-Natal (UKZN)

North-West University (NWU)

University of Mpumalanga

Walter Sisulu University (WSU)

Tshwane University of Technology (TUT) 

CONTACT PERSON

Ms Busisiwe Ntuli

Contact: Technology for Sustainable Livelihoods
012 843 6429

627 Meiring Naudé Road, Brummeria , Pretoria/DSI Building 53. GPS

SOUTH AFRICAN ENTREPRENEURS FUNDING – NATIONAL EMPOWERMENT FUND (NEF). NEF funding is available as:

  • NEF Women Empowerment Fund. Black, female business owners qualify.
  • iMbewu Fund. Black entrepreneurs wishing to start or expand businesses qualify.
  • uMnotho Fund. BEE funding available as: Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing.
  • Rural & Community Development Fund. Finance is available to the promotion, growing and developing rural enterprises and economy in order to improve social and economic relations.
  • Strategic Projects Fund
    The SPF’s sector focuses on industrial development through the dti’s National Industrial Policy Framework, the corresponding Industrial Policy Action Plans [IPAP] and the New Growth Path (current government economic growth strategy).
  • Arts & Culture Venture Capital Fund. A funding system available to develop and promote the arts and culture sector by means of affordable loans when starting and/or expanding small arts/crafts businesses.
  • Tourism Transformation Fund. A trans-formative funding system to assist black individuals wishing to start a tourism business and existing black-owned tourism businesses and enterprises for growth and expansion.

▪ Contact NEF Head Office Gauteng Province:

West Block, 187 Rivonia Road, Morningside 2057
PO Box 31, Melrose Arch, Melrose North 2076

Tel: +27 (11) 305 8000 | Fax: +27 (11) 305 8001
Call Centre: 0861 843 633 / 0861 (THE NEF)

applications@nefcorp.co.za (Funding)
info@nefcorp.co.za (General Enquiries)

▪ Contact NEF Eastern Cape Province:

7b Derby Road, Berea, East London 5241

Tel: (043) 783 4200 | 0861 NEF ECP (0861 633 327) Fax: 0861 ECP NEF (0861 327 633)

easterncape@nefcorp.co.za

▪ Contact NEF Free State Province:

34 Fountain Towers, Corner Zastron and Markgraaf Street, Westdene, Bloemfontein, 9300

Tel: 0861 NEF FSP (0861 633 377)
Fax: 0861 FSP NEF (0861 377 633)

freestate@nefcorp.co.za

▪ Contact NEF KZN Province:

Smart X – Change Building, 5 Walnut Road,
Durban, 4001

Tel: (031) 301 1960 | 0861 NEF KZN (0861 633 596) Fax: 0861 KZN NEF (0861 596 633)

kzn@nefcorp.co.za

▪ Contact NEF Limpopo Province

Suite 8, Biccard Park, 43 Biccard Street,
Polokwane 0699

Tel: (015) 294 9200 | 0861 NEF LIM (0861 633 546)
Fax: 0861 LIM NEF (0861 546 633)

limpopo@nefcorp.co.za

▪ Contact NEF Mpumalanga Province:

Trust Building, 16 Brander Street, Nelspruit, 1200

Tel: (013) 754 9860 | 0861 NEF MPU (0861 633 678) | 013 754 9860 | Fax: 0861 MPU NEF (0861 678 633)

mpumalanga@nefcorp.co.za

▪ Contact NEF North West Province:

32B Heystek Street, Sunetco Office Park, Ground Floor, Rustenburg, 0299

Tel: 0861 NEF NWP (0861 633 697)
Fax: 0861 NWP NEF (0861 697 633)

northwest@nefcorp.co.za

▪ Contact NEF Northern Cape Province:

Block 3, Ground Floor, Montrio Corporate Park, 10 Oliver Rd, Monument Heights, Kimberley

Tel: 0861 NEF NCP (0861 633 627)

Fax: 0861 NCP NEF (0861 627 633)

northerncape@nefcorp.co.za

▪ Contact NEF Western Cape Province:

Suite 2818, 28th Floor, ABSA Centre, 2 Riebeek Street, Cape Town 8001

Tel: (021) 431 4760 | 0861 NEF WCP (0861 633 927) Fax: 0861 WCP NEF (0861 927 633)

westerncape@nefcorp.co.za

This facility scheme aims to help SMMEs who has been negatively affected due to the Covid 19 pandemic. This Scheme assists SMMEs to not have to close down completely by means of with working capital.

● Step one on the SOUTH AFRICAN ENTREPRENEURS FUNDING to-do list: Registration.

Register a business or organisation:

▪ Contact details of Social Development Office Contact Numbers 

TollFree:   0800 428 428

  • GAUTENG (011) 355 7687 / 7977 / 7878
  • LIMPOPO (015) 293 6004 / 6054 / 6011 / 6053
  • NORTH WEST (018) 387 3434 / 0255 / 3497 / 0281
  • MPUMALANGA (013) 766 3098 / 3253 / 3031
  • FREE STATE (051) 400 0302 / 0304 / 0307
  • EASTERN CAPE (043) 605 5000
  • KWAZULU-NATAL (033) 264 5400
  • WESTERN CAPE (021) 483 3858/ 3765 / 3158 / 5445
  • NORTHERN CAPE (053) 807 5600

Register as a COMMUNITY BASED CAREGIVER for older persons

  • If you want to provide a community-based care and support service to older persons near to where they live, you can apply at your nearest department of social development office.

Community-based care ensures that older persons receive care and support in the comfort of their home within the community for as long as possible

What you should do:

Go to your nearest department of social development office. Find the counter for registration. Complete Form 2.

You have to submit:
  • your organization’s business plan and list of services it renders
  • the full names plus certified copies of identity documents of your organization’s members
  • organisation constitution
  • in the case of being registered as a South African NPO, an NPO registration certificate
  • all additional registration certificates or support documents
  • audited financial statements (min 6 months)
  • auditors’ full names and contact details
  • total sources of funding/income
  • previous financial awards, if any
  • fully-inclusive names list of staff members rendering the services
  • supportive persons/organisation(s) reference and contact details
  • fully-inclusive list of beneficiaries
Next in the process:

You will be visited by a social worker to confirm that the organisation will be managed in compliance with the national laws, norms and standards.

If this visit goes well, you will receive a registration certificate (Form 3).

Once you registered, make sure not to fail to comply with the national norms and standards as you can be deregistered by the Director-General at any time after one month’s notice to your organisation.

Expect annual visits and monitoring / evaluation sessions.

▪ How long can you expect it to take?
Application processing takes 5 days.

▪ Cost: Free

The South African Department of Social Development provincial offices contact list:

Register as an OLD AGE HOME:

Registering an older persons’ residential facility is done by application at your nearest Department of Social Development office.

What you should do:

Go to the social development office nearest to where you live, find the appropriate counter and fill in form 9.

Make sure to keep your acknowledgement letter as proof of your application safe.

▪ Next in the process:

You will be visited by a social worker with an environmental health practitioner or/and a medical officer for an assessment visit. The findings will be submitted to the Department of Social Development and the feedback on your application will be approved, approved conditionally or not approved.

You are allowed to appeal to the Minister of Social Development within 90 days of receiving notification, if you disagree.

▪ How long can you expect it to take?

Application processing: 4 weeks

▪ Cost:
Application – free.
Certificates (environmental health certificate) – charged

Register a NON-PROFIT COMPANY

  • For your civil society organisation to be recognized as a legal entity, you must register it as a non-profit company (NPC) with the Companies and Intellectual Property Commission (CIPC).

You can register a non-profit company as:

  • A standard non-profit company (inclusive of members)
  • A standard non-profit company (exclusive of members) 
  • A customized non-profit company (inclusive of members), 
  • A customized non-profit company (exclusive of members).

You will need to:

  • Register with CIPC online as a customer or register through an existing customer e.g. ask your accountant to register for you.
  • Choose and reserve a company name. Complete Form CoR 9.1 ( the Application to Reserve a Name ). Name reservations are valid for 6 months. 
  • Pay your filing fee and keep your proof of payment somewhere safe.   
The following support documents should accompany your application:
  • Of all of all indicated initial directors and incorporators: certified passport copy for foreign nationals and certified identification document (ID) copy for South African nationals.
  • A certified identification copy of the applicant – unless the application is done by an initial indicated director / incorporator.
  • A power of attorney for the representative authorized by that juristic person to incorporate the company and sign all related documents, in the case of an incorporator being the juristic person.
  • A power of attorney and certified ID copy of said person when the company is incorporated by said person and he/she signs all documents to the incorporation on behalf of the incorporators and initial directors.
  • A valid name reservation document is needed when / if a name was reserved before the filing of incorporation documents.
To register a standard non-profit company (without members), submit:
  • CoR15.1C 
  • CoR 14.1
  • Support documents 

The following documents may be filed with the CoR15.1C:

  • CoR14.1 Annexure A  
  • CoR14.1 Annexure B  if name to be reserved at incorporation
To register a customized non-profit company (without members), submit:
  • CoR15.1D 
  • CoR 14.1
  • Support documents

The following documents may be filed with the CoR15.1D

  • CoR14.1 Annexure A 
  • CoR14.1 Annexure B  if name to be reserved at incorporation
  • CoR14.1 Annexure C  if ring fencing
  • CoR14.1 Annexure D if auditor, audit committee members and/or company secretary is appointed.
To register a customized non-profit company (with members), submit:
  • CoR15.1E 
  • CoR 14.1

Support documents that may be filed with the CoR15.1E:

● Annexure A: CoR14.1

● if name to be reserved at incorporation: CoR14.1 Annexure B 

● if ring fencing: CoR14.1 Annexure C

● if auditor, audit committee members and/or company secretary is appointed: CoR14.1 Annexure D

Please note: Even if and when a name is rejected, the given registering company may still be registered and the registration number will become the name of the company at incorporation. This number name can be changed into an approved new name later.  

How long does it take

▪ To reserve a company name takes 3 days.

▪ From receipt of application to register a non-profit company will take 25 working days.

HOW MUCH DOES it COST to REGISTER a NON-PROFIT COMPANY in SOUTH AFRICA?

● Cost for Memorandum of Incorporation (Subject to allowed reduction) for standard non-profit company (CoR 15.1C): R175

● Cost for Memorandum of Incorporation (Subject to allowed reduction) for customized non-profit company with members (CoR 15.1D)  or without members (CoR 15.1E): R475

● Cost for electronic name reservation: R50

● Cost for manual filing of name reservation: R75

Contact details:
Phone: 086 100 2472
Physical address: 77 Meintjies Street, Block F, Sunnyside, Pretoria, 0001
Postal address: Companies and Intellectual Property Commission, P.O. Box 429, Pretoria, 0001

SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE to REGISTER FINANCIAL SERVICES COOPERATIVE.

To have your co-operative seen and recognized legally, it has to be registered at the Companies and Intellectual Property Commission (CIPC).

▪ To register with the Registrar of Co-operatives at CIPC, there must be five or more members in the group.

Contact CIPC details: 086 100 2472.

SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE to REGISTER your COMPANY.

Register a company as a non-profit company or profit company with the Companies and Intellectual Property Commission (CIPC).

A company is a legal person which has capacity and powers to act on its own.
Contact CIPC details: 086 100 2472.

Step two on the SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE criteria list:

Business Plan.

Setting Up a Business – Business Plan Template

BUSINESS PLAN GENERATOR

Make a Free Business Plan

Step three on the SOUTH AFRICAN ENTREPRENEURS FUNDING GUIDE criteria list: Contact your funding scheme and request a comprehensive list of their application requirements. You will need additional paperwork which will depend on the sector and company specifics.

BACK TO TOPJOBSEEKER.COM HOME PAGE


REMEMBER TO GET YOUR Z83 FORM HERE


Open for Applications South Africa 11 August 2022