Eligibility of a project for SPF increases when three or more of the following can be delivered:
• Increase or creation of new industrial capacity
• Increase in investment into economically depressed areas or poverty nodes
• Increasing the participation of BB-BEE in all areas of the business or project
• Increasing South Africa’s export earning potential
• Reduce import dependency
• Increase co-investment and linkage with Foreign Direct Investment (FDI)

• The fund is predominantly a Venture Capital Fund that aims to provide finance for feasibility studies.
• The fund also provides private equity and project finance depending on the size and nature of the transaction.

There is no threshold as the SPF acts as a co-investor and warehouses for BB-BEE. The project promoter therefore does not need to have BEE participation to approach the fun

A minimum project Turnover of R25 million

A minimum ungeared project IRR of 20%