Most businesses need capital before they can really get going. As a small business owner, you generally need equipment, materials and stock, as well as money to pay salaries, rent, telephone, etc until your business becomes profitable. (Refer to Factsheets)
Additional links
Below are links that can be used to guide you in the decision of financing one’s business
Before you make an application for finance, talk to the lender about exactly what sort of information they require – so that you can get a response to your application as quickly as possible.
On this page you can search support programmes by the following categories:
- Tax Relief (PAYE, Provisional Tax and VAT)
- Loans (Operational expenses, wages, solvency)
- Grants (Bank and other loans to assist with wages and other expenses)
- Other Relief (Rentals, Interest, Speedpoint charges, Credit Card, Etc.)
TAX RELIEF
General Business
Type: All tax-compliant businesses
SOUTH AFRICAN REVENUE SERVICE
Website: https://www.sars.gov.za/Media/Pages/Tax-Relief-measures.aspx
What it does:
SARS may provide tax relief to assist in helping keep your workforce if you can show that your business has experienced difficulties due to Covid-19.
If your business qualifies, you will be allowed to delay 20% of your employees’ taxes until the end of July 2026 and a portion of your provisional corporate taxes (without penalties or interest) until September 2026.
Who qualifies:
1. Tax-compliant businesses
2. Businesses with a turnover of not more than R50 million
How to apply:
1. Register on http://www.smmesa.gov.za/
2. Complete online Application Form
3. Upload required supporting documents
LOANS
General Business
Type: Any
INDUSTRIAL DEVELOPMENT CORPORATION
Website: https://www.idc.co.za/2026/03/24/idc-interventions-in-response-to-covid-19/
What it does:
Provides financial assistance (loans, guarantees, finance) to many kinds of previous to COVID-19 successful South African SMMEs to pay debts or fund operating activities.
Who qualifies:
1. South African companies with annual turnover of R50-million or less
2. Companies must have been operating for at least 12 months.
3. Business recovery projected within 18 to 24 months.
4. No funding for bonuses or dividends.
5. Minimum need of R1 million.
6. Economic distress must be Covid-related, not due to mismanagement.
How to apply:
Apply online athttps://protected.idc.co.za/clientportal
Business
Type: All tax-compliant businesses
SMALL ENTERPRISE FINANCE AGENCY – DEBT RESTRUCTURING FACILITY
Website: http://www.smmesa.gov.za/
What it does:
Your business may receive a payment holiday for a maximum of six months to ease the burden of loan obligations.
Who qualifies:
1. CIPC-registered
2. 100% South African-owned
3. 70% employees in the business
4. Registered and compliant with SARS and UIF
5. Proof that business is negatively affected
6. Company statutory documents
7. FICA documents
8. Certified copies of directors’ IDs
9. Latest annual financial statements or management account statement not older than three months (where applicable)
10. Business profile
11. Six cash flow projections (where applicable )
12. Copy of lease agreement or proof of ownership if applying for rental relief
13. If applying for payroll relief, details of employees as registered with UIF including banking details
14. SMME employers who are not compliant with UIF must register before applying for relief
15. Facility statement or other funders
16. Detailed breakdown of application of funds including salaries, rent, etc.
How to apply:
1. Register onhttp://www.smmesa.gov.za/
2. Complete online Application Form
3. Upload required supporting documents
Business
Type: Retail
NATIONAL TREASURY
What it does:
Provides a loan to help your SMME with operational expenses – such as salaries, rent, lease agreements, contracts with suppliers, etc.
R100 billion initially, ramping up to R200 billion in new loans to existing customers.
Who qualifies:
1. Businesses in good standing with their commercial banks with an annual turnover of less than R300 million
2. Used for operational expenses such as salaries, rent and lease agreements, contracts with suppliers, etc.
3. Only one Covid-19 loan per business
4. A six-month repayment holiday will commence from the first drawdown, although interest will accumulate from the date on which the first drawdown on the loan occurs.
5. Repayment of interest and capital starts after six months and businesses have a maximum of 60 months to do so.
How to apply:
Apply at your bank
Wholesale and Retail
Type: Informal
SPAZA SHOPS AND GENERAL DEALERS SUPPORT SCHEME IN PARTNERSHIP WITH NEDBANK
Website: http://www.sefa.org.za/services/spazashopscheme
What it does:
1. Gives Spaza shops access to working capital and a guaranteed revolving credit facility.
2. Offers help with basic financial management. Financial/Business graduates will be assigned to give dedicated support to your business for 24 months.
3. Assists you with legal compliance requirements that may be necessary to participate.
Who qualifies:
1. 100%-owned by South African citizens
2. Employees must be 70% South Africans
3. Priority will be given to businesses owned by women, youth and people with disabilities
4. Registered and compliant with SARS and UIF
5. Proof that the business is negatively affected by COVID-19 pandemic
6. Company Statutory Documents
7. FICA documents
8. Certified copies of Directors’ IDs
9. Three-months’ bank statements
How to apply:
1. Apply online at
https://sefa.finfind.co.za/quiz/disclaimer?origin=SEFA&loginorreg=reg
2. Follow the steps to where funding needs will be matched to SEFA‘s financing instruments
Business
Type: Trust fund
SOUTH AFRICAN FUTURE TRUST
Website:https://saft.africa/smme-support/#how-saft-works
What it does:
SAFT gives loans to SMMEs fund if they qualify, (first come, first served) to help with cash flow.
Who qualifies:
1. Annual turnover below R25 million
2. Trading for at least 24 months
3. Sustainable business in good financial health
4. Business adversely impacted by Covid-19— with short-term cash flow constraints
How to apply:
Apply online at https://saft.africa/smme-support/#how-saft-works
Business
Type: Asset finance, growth finance, working capital
SPARTAN FINANCING
Website:https://www.spartan.co.za/funding-under-covid-19/
What it does:
Spartan offers customised financing for SMMEs, but not for start-ups and only for amounts greater than R500,000.
Who qualifies:
1. Small to mid-sized business in operation for three or more years
2. Minimum annual turnover of R10 million
3. Alternatively, an annual turnover between R5 million and R10 million, provided there is some current growth context such as a contract, project or acquisition
How to apply:
Apply online at https://www.spartan.co.za/online-application-form/
Business
Type: Retail
VODALEND
Website: https://www.vodacombusiness.co.za/business/solutions/fund-my-business
What it does:
This programme lends you money for moving offices, buying equipment or maintaining cash flow.
Who qualifies:
1. All businesses registered and operational for 12 consecutive months.
2. Must have good credit standing.
3. R500,000/year or R40,000/month turnover.
How to apply:
Apply online at https://vodalend.vodacombusiness.co.za/GetStarted
GRANTS
Wholesale and retail
Type: Informal
SMALL-SCALE BAKERIES AND CONFECTIONARIES BUSINESS SUPPORT SCHEME
Website: http://www.dsbd.gov.za/
What it does:
Assistance to purchase business equipment and provision of working capital if you operate an informal small-scale bakery or confectionery.
Who qualifies:
- Registered with CIPC as a legal entity including cooperatives;
- 100% owned by South African nationals
- Employees must be 70% South Africans, and in the case of non-South African employees they must hold valid work permits as determined by the Department of Home Affairs
- Must be operating in a township or village
- Must be registered or must apply for registration with SARS and UIF
- Must have a valid business bank account or willing to open a business account
How to apply:
Apply online at https://smmesa.gov.za/
Wholesale and retail
Type: Micro Clothing and textiles
SMALL-SCALE AND MICRO CLOTHING AND TEXTILE BUSINESS SUPPORT SCHEME FOR ENTERPRISES LOCATED IN TOWNSHIPS AND VILLAGES
Website: http://www.dsbd.gov.za/
What it does:
This offers you access to credit, assistance with compliance and technical skills improvement, and business and financial management training.
Who qualifies:
- Registered with CIPC as a legal entity including cooperatives;
- 100% owned by South African nationals
- Employees must be 70% South Africans, and in the case of non-South African employees they must hold valid work permits as determined by the Department of Home Affairs
- Must be operating in a township or village
- Must be registered or must apply for registration with SARS and UIF
- Must have a valid business bank account or willing to open a business account
How to apply:
Apply online at https://smmesa.gov.za/
Wholesale and Retail
Type: Automotive
AUTOMOTIVE AFTERMARKETS SUPPORT SCHEME
Website: http://www.dsbd.gov.za/
What it does:
If you are in the vehicle repair and service business, you could qualify for support. Specifically aimed at four categories:
a. qualified motor body repairers to operate accredited small/independent body repair centres;
b. qualified motor mechanics to operate authorized service centres;
c. small/independent auto-spares shops to serve as distributors of automotive aftermarket spare parts centres;
d. converting informal fitment centres into micro but formal fitment centres.
Who qualifies:
- Registered with CIPC as a legal entity including cooperatives;
- 100% owned by South African nationals
- Employees must be 70% South Africans, and in the case of non-South African employees they must hold valid work permits as determined by the Department of Home Affairs
- Must be operating in a township or village
- Must be registered or must apply for registration with SARS and UIF
- Must have a valid business bank account or willing to open a business account
How to apply:
Apply online at https://smmesa.gov.za/
Manufacturing
Type: Medical products
INDUSTRIAL DEVELOPMENT CORPORATION (IDC) AND DEPARTMENT OF TRADE AND INDUSTRY (DTI)
Website: https://www.idc.co.za/2020/04/23/covid-19-special-edition-newsletter/
What it does:
Support for the manufacturing of essential medical products.
Who qualifies:
1. Companies that have a track record of manufacturing comparable products.
2. Must be capable of delivering on the contract in terms of capacity, resource and experience.
How to apply:
1. Draw up a well-researched business plan, stating a compelling case for funding
2. Register online (*applications can also be submitted at the IDC office)
3. Upload your application with the relevant documents, certificates and business plan
Transportation
Type: Tourism
Business
Type: Insurance
UNEMPLOYMENT INSURANCE FUND
Website:http://www.labour.gov.za/easy-guide-for-employers-on-covid19
What it does:
Help UIF-compliant businesses affected by COVI-19 to pay salaries.
Who qualifies:
1. Any UIF-contributing business facing distress that is unable to pay salaries as a result of the lockdown period
2. Any employee who is a contributor (works more than 24 hours a month) and there is an employer-employee relationship
How to apply:
1. Go to https://uifecc.labour.gov.za/covid19/ and register
2. Complete all required information
Business
Type: Insurance
TEMPORARY EMPLOYEE/EMPLOYER RELIEF SCHEME
Website: http://www.labour.gov.za/
What it does:
Offers assistance if you have had to close your businesses due to the lockdown and can’t afford to pay your employees. It will cover your cash flow for up to three months—during the lockdown and also afterwards.
Who qualifies:
1. Companies who can prove that their businesses have been severely damaged by the coronavirus crisis.
2. Must already be registered with the UIF.
How to apply:
Send an email to Covid19ters@labour.gov.za. This will generate an automatic response outlining the application process.
Machinery, equipment
NATIONAL EMPOWERMENT FUND IN PARTNERSHIP WITH THE DTIC
Website: https://www.nefcorp.co.za/covid-19-business-funding/
What it does:
Funding is limited to R10 million for black-owned SMEs. It will assist you with working capital, machinery and equipment and give you a 12-month payment break at 0% fixed rate; after 12 months the fixed rate will be 2.5% up to 60 months.
Who qualifies:
1. Registered company
2. Valid Tax Clearance certificate
3. Be a current and a registered supplier with retailers and other institutions in good standing or have a purchase order, contract or letter of intent
4. Minimum 50% black shareholding and management control
5. Minimum R500 000 in working capital, machinery and equipment
6. Must result in retaining and increasing employment or creating jobs
How to apply:
Complete online Application Form at https://www.nefcorp.co.za/wp-content/uploads/2020/03/NEF-COVID-19-Fund-Application-Form_Active-fields.pdf
Media
Type = Community-based
MEDIA DEVELOPMENT & DIVERSITY AGENCY
Website: https://www.mdda.org.za/
What it does:
If you are a fully licensed community broadcast project or a Community and Small Commercial Media (SCM) media project, you could receive funding in one of two categories:
a. For a community broadcast project, R50,000 to cover your rent/bond payments; salaries/stipends; telecommunications; and safety essentials.
b. For an SCM project, R20,000 to cover your content dissemination, telecommunications and safety essentials.
Who qualifies:
1. Must hold a valid licence from the Independent Communications Authority of South Africa.
2. Provide months’ bank statements.
3. Not for online radio stations.
How to apply:
Apply online at https://www.mdda.org.za/small-commercial-application-form-ck5u
Youth-owned
Type = Community-based
YOUTH CHAMBER OF COMMERCE AND INDUSTRY SOUTH AFRICA
Website:https://youthbusinessfund.co.za/about-the-fund/
What it does:
For young people in businesses that are already affected by the corona virus pandemic. The Fund will assist youth entrepreneurs in managing their operational costs, paying labour costs, rental, etc.
Who qualifies:
1. South African citizens
2. Ages 18 to 35 years
3. Must already have an existing business
4. All youth businesses can apply but informal traders are particularly encouraged
How to apply:
Apply online at https://youthbusinessfund.co.za/how-to-apply/
Food service
Type = Restaurants, community-based
EAT OUT RESTAURANT RELIEF FUND
Website:https://help.eatout.co.za/request_funding
What it does:
If you run a restaurant affected by Covid-19, the fund will support you in reopening your kitchen to create meals for the needy in their communities, or to supply feeding schemes.
Who qualifies:
1. Registered businesses within the restaurant and food industry that are operating and supplying meals to the community from their on-site kitchens.
2. Essential Service permit holders
3. In good standing with SARS
4. Able to state how many meals you can produce per day, and at what cost
5. Own approved distribution channel to deliver food, or in partnership with another company or NGO that has a valid permit
6. PPE equipment and safety measures in place
7. Operating for at least one business financial year
How to apply:
Apply online at: https://docs.google.com/forms/d/e/1FAIpQLSc_AILdq3fhv_Jbk8LPYh_lU5Ok5Dg9wX1y537BqPNAE wmXw/viewform
Youth-owned
Type = Community-based
PEACE FIRST
Website: https://www.peacefirst.org/covid-19
What it does:
A grant to help young people around the world lead projects that address the community impacts of COVID-19, from providing mini-grants and meals to elderly neighbours, to launching digital mental health campaigns to support youth feeling isolated.
Who qualifies:
Grants are open to young people between the ages of 13-25 anywhere.
How to apply:
Apply online at https://forms.gle/JjxcPdUHMTpCcttR7
Information and communication
Type = Community-based
RELIEF
Real estate activities
Type = Retail
PROPERTY INDUSTRY GROUP
What it does:
Assists large retail tenants hardest hit by the Covid-19 lockdown. Relief package is estimated between R2 billion and R3 billion and aims to avoid retrenching staff during the relief period.
Who qualifies:
1. Retail tenants in good standing at February 29, 2020.
2. Retailers in office or industrial parks.
3. Not for rates and taxes, utilities and insurance.
4. Annual turnover of less than R80 million.
How to apply:
Approach individual landlords
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Sponsored Guide
Complete Guide to NSFAS Online Loan Application for South African Students (2025)
If you are a South African student looking to pursue higher education but are facing financial difficulties, the National Student Financial Aid Scheme (NSFAS) is one of the most accessible funding options available. NSFAS provides financial aid in the form of bursaries and loans to qualifying students at public universities and TVET colleges in South Africa.
This guide will walk you through everything you need to know about the NSFAS loan application process, from eligibility requirements to application steps and frequently asked questions.
📌 What is NSFAS?
The National Student Financial Aid Scheme (NSFAS) is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.
NSFAS offers both bursaries and income-contingent loans:
- Bursaries: For eligible students who meet academic and household income criteria (especially for TVET and university students).
- Loans: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.
✅ Who Qualifies for an NSFAS Loan?
To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:
- Be a South African citizen.
- Be financially needy, with a household income of less than R350,000 per year.
- Have a valid South African ID.
- Be enrolled or accepted to study at a public university or TVET college.
- Not be funded through another bursary program that covers all expenses.
- Maintain satisfactory academic progress (returning students).
📚 Courses Funded by NSFAS
NSFAS primarily funds undergraduate qualifications, but certain postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB) may be considered under the NSFAS loan scheme, not bursaries.
If you’re studying:
- Undergraduate degree or diploma: You are likely eligible for a full NSFAS bursary.
- Postgraduate study: You may qualify for a loan, depending on the course and funding availability.
📄 Required Documents for NSFAS Application
When applying, make sure you have the following documents scanned and ready:
- Certified copy of your South African ID or Smart Card.
- Parent(s) or guardian(s) ID documents.
- Proof of income (latest payslips, UIF, or affidavit if unemployed).
- Consent Form signed by your parent(s)/guardian(s) to allow NSFAS to verify income.
- Proof of registration or acceptance at a public institution.
- Academic transcripts (for continuing or postgraduate students).
🖥️ How to Apply for an NSFAS Loan Online
Step-by-Step NSFAS Online Application Process (2025)
-
Visit the NSFAS Website
Go to: https://www.nsfas.org.za
-
Create an Account
- Click on “MyNSFAS” and register your profile.
- You’ll need a valid email address and South African cellphone number.
- Choose a strong password and verify your account via email or SMS.
-
Login and Start the Application
- After registration, log in to your MyNSFAS account.
- Click on “Apply” to begin a new application.
-
Fill in Your Personal Details
- Input your ID number, name, surname, and other details exactly as they appear on your ID.
- Provide household income information and living arrangements.
-
Upload Required Documents
- Upload all supporting documents in PDF or JPEG format.
- Each document must be clear and under the size limit specified.
-
Submit Your Application
- Review your application for accuracy.
- Click “Submit” and wait for a confirmation message.
-
Track Your Application
- Log in regularly to check your application status.
- You will be notified via SMS and email at each stage of the process.
🗓️ Important NSFAS Dates (2025)
- Application Opening Date: September 1, 2025
- Application Deadline: January 31, 2026
- Appeals Period: February 2026 (if rejected)
- Disbursement: After registration and approval
Note: Dates are subject to change; always confirm on the official NSFAS website.
💸 What Does the NSFAS Loan Cover?
NSFAS funding typically includes:
- Tuition fees
- Registration fees
- Accommodation (if living away from home)
- Meals and transport
- Learning materials (e.g., textbooks)
For loans, repayment is only required once you start working and earn above a threshold (around R30,000 annually, but subject to change).
🔄 NSFAS Loan Repayment
Repayments are:
- Income-contingent – you only repay when you can afford to.
- Administered by DHET (Department of Higher Education and Training).
- Interest-bearing, but interest rates are low and favorable.
You can also apply for a partial loan conversion to a bursary if you perform well academically.
🔁 How to Appeal a Rejected NSFAS Application
If your application is rejected, you may submit an appeal via your MyNSFAS portal:
- Log into your MyNSFAS account.
- Click on “Track Funding Progress”.
- If rejected, click on “Submit Appeal”.
- Upload any missing or corrected documents.
- Provide a clear explanation or motivation.
📱 NSFAS Contact Information
- Website: https://www.nsfas.org.za
- Email: info@nsfas.org.za
- Toll-Free Number: 08000 67327 (Monday–Friday, 8 AM–5 PM)
- Twitter: @myNSFAS
- Facebook: NSFAS
📝 Final Tips Before Applying
- Apply early to avoid system overload near the deadline.
- Use your own email and cellphone number (do not use someone else’s).
- Double-check that all your documents are certified and legible.
- Keep a copy of your submission confirmation for reference.
By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams—without the burden of immediate financial pressure.