The Johannesburg Stock Exchange (The JSE Group) in collaboration with the Eastern Cape Development Corporation (ECDC), SEDA Small Enterprise Development Agency (Seda) and SEFA The Small Enterprise Finance Agency (Now SEDFA) has embarked on a journey of assisting SMEs with access to funding through the SME Rise Capital Matching initiative, which started with Funding Readiness trainings, pitch readiness and ultimately capital matching through facilitating access to funding with multiple Capital Providers.
This impactful initiative connects SMEs providing products and services for a minimum period of 2 years with a variety of capital providers who offer various funding solutions including debt, equity, invoice and PO funding, ESD and grant funding.
Last year the Capital Matching initiative achieved a 62% funding success rate through a pilot in the Western Cape and has expanded to the Eastern Cape in an effort to drive real progress in promoting access to finance for our SMEs, supporting sustainable growth and a vibrant Eastern Cape economy.
