The fund aims to assist companies that are in distress resulting from the COVID-19 pandemic. The fund provides affordable business loans to IDC clients and other businesses operating in sectors within the IDC’s mandate. The funds available include R 300 million ring-fenced for the Small Industrial Finance Distressed Fund which provides support for small businesses.
IDC clients and other businesses operating in sectors within the IDC’s mandate that, as a direct or indirect result of the COVID-19 pandemic, are:
Agro-processing and Agriculture
Machinery, Equipment & Electronics
Chemicals, Medical & Industrial Mineral Products
Textiles and Wood Products
Mining and Metals
Tourism and Services
Automotive Transport and Equipment
Complete the online form.