Funding agencies in South Africa play an important role by helping to make previously disadvantaged South Africans business owners.
Indeed, South Africa is a country where the official unemployment rate was around 30% in the second quarter of 2019 (Trading Economies). Even more, Business Tech recently reported that the unemployment rate for young South Africans with a matric was 55% in first quarter of 2019 – rising to 58.4% for those with less than a matric.
The solution for these people is to start their own businesses. And, if they can get funded by the government, even better!
So, for those who qualify – here are some of the most important (government) funding agencies in South Africa: