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Please note that the processing of all Business Rescue Fund applications has been closed.

The Business Recovery Package (BRP) is a blended finance scheme aimed at assisting uninsured businesses that were negatively affected by the recent vandalism and looting in KwaZulu-Natal and Gauteng. Its primary objective is to support entrepreneurs to rebuild their businesses and preserve much-needed jobs.

The package is designed to target the socio-economic challenges of small enterprises in townships, rural areas, and small towns directly affected by the recent unrest, through:

• Supporting the most vulnerable from business closure, job losses and income reductions

• Providing resources to promote social inclusion in building back after the unrest

• Providing support to the social and solidarity economy to fulfill their missions in relation to responding to impacted community needs

• Investing in small businesses and traders which have suffered the effects of the unrest

• Re-establishing supply-chains and routes to market

• Supporting entrepreneurship and strengthening business partnerships

Financial support

The programme offers the following financial support:

• Blended finance, which is a combination of a grant (60%) and a loan (40%)

• A 5% limit on the interest rate of the loan component

• Initial payment moratorium of up to 6 months

• Repayment period of a maximum of 60 months.

• Maximum funding accessible per entity (enterprise) of R2-million
  

Non-financial support

Pre-investment

Small enterprises will be assisted by the Small Enterprise Development Agency (Seda) to package their funding applications (incomplete applications).

Post-investment

The programme, through Seda, will offer customised business development support based on the needs of the small enterprises.

• The small enterprise must:

  • Be negatively affected by the unrest that took place in July 2021 (SAPS case number and police statement must be submitted)

  • Be a registered legal entity in South Africa (CIPC)

  • Be 100% owned by South African citizens

  • Have been in operation as at 30 June 2021 (Bank statements to prove operations)

  • Be registered and compliant with the South African Revenue Service

  • Be registered on the National SMME Database – https://smmesa.gov.za

• Preference will be given to businesses in KwaZulu-Natal and Gauteng

• An affidavit confirming that the business is not insured (the conditional grant provided in the scheme will be converted into a loan should the business benefit from insurance post-approval)