// How to Qualify
Scroll
QUALIFYING CRITERIA.
The KZN Growth Fund Agency offers funding to support black-owned businesses in KwaZulu-Natal, focusing on capital expenditure projects between R20 million and R100 million. Eligible companies must be 51% black-owned and meet specific documentation requirements, including business registration, tax clearance, B-BBEE certification, and a financial model.
This initiative promotes economic empowerment and growth within the province.
Project must be based in KwaZulu-Natal
Business must be 26% or more indigenous black-owned after funding.
Business must be registered as a Private Company or be willing to convert after funding approval.
Funding must be for Capital Expenditure
Business must 51% or more black-owned
Funding amount must be between R20 Million and R100 million
SUPPORTING DOCUMENTS.
- Representative Power of attorney (POA)*
- Business Plan (Min information as outlined)*
- Certified copies of the applicants and any other entity shareholder documents of incorporation and registration certificate/s*
- Certified ID copies of Shareholders, Directors, CEO and person representing the company*
- Certified recent Tax Clearance Certificate*
- B-BBEE certificate or letter from external auditor or registered accounting officer verifying the percentage of black ownership*
- Details of your auditors and bankers, including contact person and telephone number (if available)
- Copy of Environmental Impact Assessment approval or waiver thereof (if applicable)
- Copy of relevant pre-construction permits or application thereof (if available)
- Quotations for Capex*
- Supplier agreements*
- Financial Model (Must be in excel format)*