About IDCOur focus
The Transport, Financial Services and Other SBU is headed by Kugan Thaver and focuses on proactively identifying and developing market opportunities that result in the promotion of entrepreneurship, facilitation of transport links and access to financial services in the following areas:
- Transport services (road freight, logistics, maritime, aviation and bus sector)
- Financial services (retail banking acquisitions and commercial micro-finance)
- Other (security services, listed retail acquisitions and catering services)
Who should apply for finance
While each proposal is considered on its particular merit, preference is given to:
- Emerging or established entrepreneurs wishing to raise finance for:
- A minimum loan of R1 million
- A minimum of R500 000.00 for bridging facilities for specific contracts
- A minimum of R5 million for equity related transactions
- Applicants must be able to demonstrate economic viability of the proposed transaction
- Entrepreneurs wishing to raise asset finance in the road transportation sector for either start-up or expansion of operations, should contact the IDC Call Centre on 086 069 3888 for contact details of the Absa/IDC Transport Alliance branches. The IDC has entered into an alliance with Absa to lower the barriers to entry for BEE operators and entrepreneurs in the transport sector. (Please note that the IDC criteria differ from the alliance criteria)
Whilst each business proposal is considered on economic viability and sustainability in the above sectors, preference will be given to projects or transactions which comply with the following requirements:
- Projects and transactions which have a significant developmental impact e.g. rural development, empowerment, job creation, value addition and export generation;
- Buy-ins or take-overs by historically disadvantaged persons (HDPs);
- Projects and transactions which promote and facilitate intra African economic trade through the provision of air, road and sea links;
- Transactions which address a prevailing market gap or failure in the above sectors in an economically viable manner
As a minimum requirement Transport, Security and Catering Applications will have to comply with the following criteria
- The Applicant must have a primary contract;
- The contract must be economically viable and the asset finance/and or working capital provided must be repaid over the term of the financing period;
- The applicant must be operationally involved and a make reasonable financial contribution
As a minimum requirement Financial Services Applications will have to comply with the following criteria
- BEE acquisitions will be limited to companies involved in Retail Banking and Micro Finance;
- Micro Finance transactions will be limited to addressing a specific market gap in the sector and the provision of commercial Small, Micro Entrepreneurial Finance;
- Credit Lines will only be extended if the funds will be applied to economic and social developmental objectives
How to apply for finance
Click here for more information on the application process and funding criteria.
Who to contact
For more information on the Transportation SBU, please click here to contact us, or call us on 086 069 3888. Alternatively, email our call centre at callcentre@idc.co.za
