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KWAZULU-NATAL
GROWTH FUND
Full Name of Company: KwaZulu-Natal Growth CONTACT DETAILS
Fund HEAD OFFICE
Nature of the Business: Developmental funding Physical Address: 28th Floor, Delta Towers 303,
Dr Pixley Kaseme Street (West Street), Durban, 4001
Services / Products: Project finance South Africa
Customer Base: Entrepreneurs, corporate, Postal Address: P.O. Box 1817, Durban, 4001
BEE groups Tel: +27 (0)31 372 3720
E-mail: info@kzngf.co.za
Date Established: August 2008 Website: www.kzngrowthfund.co.za
CREATING LEGACIES THROUGH INNOVATIVE The Fund offers several key advantages to its clients:
FINANCING Options for debt or equity funding.
Competitive pricing, starting below the prime
The KwaZulu-Natal Growth Fund (the Fund) is a rate, depending on the client’s risk profile.
developmental funding institution established in Interest and capital repayment holidays of up to
2008 by the KwaZulu-Natal Provincial Department of two years.
Economic Development, Tourism and Environmental Flexible repayment profiles and loan terms
Affairs. This pioneering initiative in KwaZulu-Natal ranging from five to nine years.
(KZN) aims to finance medium to large private sector The use of project assets as primary security and
projects across various sectors. With a fund size of cash-flow-based funding.
over R1.5 billion, the Fund’s mandate is to support Access to professional business networks that
sustainable development by financing projects support clients’ success.
that create job opportunities, promote broad- An entrepreneurial approach that allows for
based black economic empowerment (B-BBEE), and sufficient flexibility to meet client needs.
remain commercially viable. At the core of the Fund’s Tailor-made solutions in line with KZN
mission is a commitment to financing growth with- Government’s goals for job creation and B-BBEE.
in the province.
Innovative solutions to finance any qualifying
The Fund stands out for its dynamic and innovative opportunities, including structured senior debt,
approach to providing creative funding solutions mezzanine debt, and equity products.
that unlock growth potential in its investments. To qualify for funding, projects must have a
Offering both debt and equity funding ranging from sustainable economic impact in KwaZulu-Natal,
R20 million to R100 million per project, the Fund has stimulate sustainable job creation, and promote an
emerged as a formidable developmental financier for equitable distribution of wealth within the regional
commercially viable projects. Its customised funding economy. Furthermore, BEE shareholders need to be
solutions are designed to foster business prosperity in operationally involved in the business, and projects
the region. must have a minimum of 40% B-BBEE ownership
The Fund targets projects across a wide range or a B-BBEE score of at least 65 points (Level 4).
of sectors in the province, excluding residential Projects must also be at an advanced stage of
property and “sin” industries such as tobacco and implementation, with disbursement planned within
gambling. Priority sectors for funding include tele- six months of application.
communications, power and energy, transport and Transformative Projects
logistics, manufacturing, health and education, agro- The Fund has supported several trans-formative
processing, and tourism. Other sectors that align projects across various sectors. One such project
with the Fund’s objectives may also be considered, involved the transformation of Brace Able
provided they meet the Fund’s investment policy. Manufacturing into a 60% black-owned entity
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