IDC MCEP Loan COVID Essential Product Manufacturers

Administered by the Industrial Development Corporation – from DTIC • For working capital and plant & equipment requirements • Fund Value – R300 million • Maximum funding – R30 million per entity • Cost of finance • Priced at a fixed rate of 2.5% per annum • Maximum term is 48 months, including moratorium • Qualifying Criteria • Be a registered legal entity in South Africa • Company that has been operational for at least a year • Company must have a valid contract/purchase order or letter of intent • Applicable to manufacturers of COVID-19 essential goods • Companies with BBBEE Level 4 will be encouraged • https://www.idc.co.za/2020/03/24/idc-interventions-in-response-to-covid-19/

IDC COVID 19 FUND COVID Essential Product Manufacturers & Suppliers

• Administered by the Industrial Development Corporation • Short term loan for once-off contract finance or import funding, revolving credit, guarantees for imports • Cost of finance • Loans priced at prime + 1 % per annum • Guarantees 2% per annum • Maximum term is 3months, including moratorium • Qualifying Criteria • Track record in manufacture or supply of comparable product – ability to deliver • Company should show profitability prior to application • Company to be registered as a vendor with Government, Multinationals or retailers • Be a registered legal entity in South Africa • Company that has been operational for at least a year • Company must have a valid contract/purchase order or letter of intent • Companies with BBBEE Level 4 will be encouraged.

Tourism Fund • Administered by Department of Tourism

• Assist SMMEs in the tourism and hospitality sector who are under particular stress due to the Covid 19 travel restrictions. • Fund Value – R200 million • Maximum grant: unsure • Qualifying Criteria • Be a registered legal entity in South Africa • Black owned entity • Turnover not exceeding R2 500 000 • Proof of Tax compliance • Proof of minimum wage compliance • Proof of UIF registration for employees employed by the business • guarantee employment of staff for a minimum of three months • Existence for at least one business financial year. • https://www.tourism.gov.za/AboutNDT/Ministry/News/Pages/COVID- 19_interventions_for_the_tourism_sector.aspx