• Hotels
• Apartment hotels (must be operated similarly to hotels, with rooms serviced)
• Lodges and Guest houses
• Game Lodges
• Mobile Tourism (accommodation: i.e. luxury coach trains)
• Tourism attractions (funding to be applied to capital expenses for businesses whose activities are targeted at tourists)
• Tourism destination management companies (existing medium to large scale companies).

• Casino and gambling facilities
• Property developments consisting of timeshare and fractional ownership schemes (Unless supported by confirmed customer uptake)
• Acquisition of game (if not part of a game lodge)
• Residential and/or commercial property
• Student accommodation
• Tour operators and travel agents
• Arts and Crafts (stand-alone)
• Golf courses
• Standalone restaurants (not part of a tourism destination)
• Other recreational facilities not linked to a substantial tourism/accommodation element
• Land

• Applications for funding for a minimum of R1m. Applications for commercial merit-based funding of up to R15m will be considered by IDC’s Small Business Finance Unit.
• During the current Covid-19 pandemic, any business that was profitable before March 2020, may apply to the IDC’s Covid-19 Distressed Fund for business continuity/relief funding, in order to ensure sustainability during this challenging period.
• All applications for new build, expansion, refurbishment or acquisitions will receive consideration. However the transaction is conditional on submission of a return to market strategy and sustainability approach (i.e. reliable economic merit assumptions, which forms a part of the feasibility study) being supplied.

Funding will be structured to suit the business needs utilising a wide array of instruments including:

• Senior debt as our preferred funding mechanism
• Quasi-equity can be considered in specific instances

• An applicant should have a bankable feasibility study (clients are encouraged to approach independent and reputable service providers in this regard)
• The feasibility study should include a comprehensive marketing review that, as a minimum, defines the target market, key drivers of demand, and analyses the industry landscape
• Financial forecasts (with detailed substantiation of assumptions) until the project reaches maturity (at least 5 years post commencement of operations)
• Appropriate zoning for the property and approved Environmental Impact Assessment where applicable
• Detailed building plans with detailed elemental cost estimates
• An equity contribution from the shareholders/project sponsors is expected of at least 40% of the total project costs required for start-ups. Equity contribution for existing business will depend on debt affordability.
• Co-funding opportunities should be actively pursued especially for transactions above R50 million.
• Security, which may include bonds over fixed and movable assets of the business as well as personal surety and corporate guarantees, will be required.

• Private sector hospitals that are well aligned to the auspices of the NHI
• Public sector hospitals (with a clear revenue model) directly collaborating (through private-public partnerships or other forms of formal collaboration) with the private sector hospital operators
• Innovative business models/approaches that directly address coverage and cost objectives of the NHI
• Micro-hospitals and specialised healthcare facilities (Oncology, Radiology, Dialysis, Pediatricians, Diabetes facilities, etc)
• Hospitals in the Rest of Africa (RoA – will be considered for debt funding)

• Old age homes/ retirement villages

• Applications for funding for a minimum of R1m (applications with commercial merit and requiring funding of up to R15m will be considered by IDC’s Small Business Finance Unit). Funding above R15m would be considered within the Tourism & Services Business Unit.
• Applications for new builds, expansions, refurbishments and acquisitions will receive consideration, however viability needs to be demonstrated as part of the detailed feasibility study which should accompany the application.

Funding will be structured to suit the business needs, utilising a wide array of instruments including:

• Senior debt as our preferred funding mechanism
• Quasi-equity can be considered in specific instances

• An applicant should have a bankable feasibility study; clients are encouraged to approach independent and reputable service providers in this regard
• The feasibility study should include a comprehensive marketing study that as a minimum defines the target market, key drivers of demand, and analyses the industry landscape.
• Financial forecasts (with detailed substantiation of assumptions) until the project reaches maturity (at least 5 years post commencement of operations)
• Appropriate zoning for the property and approved Environmental Impact Assessment where applicable
• Detailed building plans with detailed elemental cost estimates
• Detailed breakdown of all equipment (medical and other), furniture and fittings required
• An equity contribution from the shareholders/project sponsors is expected of at least 40% of the total project costs required for start-ups. Equity contribution for existing business will depend on debt affordability
• Co-funding opportunities should be actively pursued especially for transactions above R50 million
• Security, which may include bonds over fixed and movable assets of the business as well as personal surety and corporate guarantees, will be required

Transactions where the underlying business:

• Employs alternate/non-traditional service delivery platforms/business models (technology rich business models), inter alia using technology to deliver a service
• Offers IT Services, Global Business Services & Business Process Outsourcing, and
• Operates in the IoT industry, Data Services or Data-as-a-Service industry

• Software Development without a proven business case

• Applications for funding for a minimum of R1m (applications with commercial merit and requiring funding of up to R15m will be considered by IDC’s Small Business Finance Unit). Funding above R15m would be considered within the Tourism & Services Business Unit.
• The company must be able to demonstrate that the technology and associated intellectual property is owned by or that the company has control over the technology or intellectual property such that it gives the company a sustainable competitive advantage;

• Senior debt as our preferred funding instrument
• Quasi-equity could be considered in specific instances

Some requirements may differ from industry to industry within the SBU, however, these are the general requirements:

• Economic merit: Project/business profitability, sustainability and ability to repay the loan
• Structure: A reasonable equity contribution of the total costs to be determined on a case-by-case basis, dependent on the project economics. Black Economic Empowerment (BEE) applications may qualify for a reduction in owner’s contribution based on special funding schemes that may be available from time to time
• Tenure: up to 6 years
• Security: Over the Intellectual Property, cessions/pledges/personal surety and/or corporate guarantees, Mortgage Backed/GNB/SNB over fixed and movable business assets if available