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R700 million fund to boost SA-owned township businesses – how to apply 4 June 2021 2:38 PM TREP Africa Melane interviews Tumi Sefolo, Executive for Direct Lending at the Small Enterprise Finance Agency. South African-owned, registered township or rural businesses may apply to get their share of the R694 million fund Businesses will receive payment, part of which is a grant (the rest is a loan) The payments are mainly for working capital, but also for equipment, depending on the business type A fund worth R694 million has been created to boost township entrepreneurs. The capital has been allocated to South Africa s Township and Rural Entrepreneurship Programme (TREP), which offers financial support to small businesses in the informal economy.

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