SUKUMA RELIEF PROGRAMME

FINANCIAL AID FOR CLOSE CORPORATIONS, COMPANIES, AND TRUSTS

For close corporations, companies, and trusts, we offer financial aid in the form of an unsecured interest-bearing loan of between R250, 000 and R1 million coupled with a non-repayable grant of R25, 000 per qualifying business. The loan portion will be interest free for 12 months with no repayment obligations during this period. The loan is repayable after 12 months, and incurs interest at the prime rate from month 13, once the business is on its feet. The money can be used to cover payroll, rental, and other monthly operating overheads. There is no security requirement for the loan.

To qualify for aid, the business must:

Be formally
registered

Provide
evidence of financial
viability prior to the
COVID-19 outbreak

Be both tax
and regulatory
compliant

REPAYMENT HOLIDAY

There is no repayment obligation nor interest incurred or raised for the first 12 months.
Thereafter, interest at the prime lending rate shall be raised.

FAST PAYOUTS

We have made our process simple and fast. You can expect to receive the financial aid within 7 working days of
your application. The timeframe is, however, dependent on you submitting all the required information.
For a list of required documents, refer to the FAQs below.

OUR APPLICATION PROCESS

Our application process is only available online and everything required will be done through electronic
communication and there is no need to travel to our offices to sign any documents. To apply, you need to
prepare all the required documents and apply online via the link below. Your application will be
reviewed by our knowledgeable and experienced investment teams.

Once approved, your first payout will be made within 7 working days of your application. Thereafter, your approved financial aid will be disbursed over a period of 3 months, subject to you submitting documents monthly which support your continued need for financial aid.

APPLY NOW
FREQUENTLY ASKED QUESTIONS

SUKUMA RELIEF PROGRAMME

FINANCIAL AID FOR CLOSE CORPORATIONS, COMPANIES, AND TRUSTS

For close corporations, companies, and trusts, we offer financial aid in the form of an unsecured interest-bearing loan of between R250, 000 and R1 million coupled with a non-repayable grant of R25, 000 per qualifying business. The loan portion will be interest free for 12 months with no repayment obligations during this period. The loan is repayable after 12 months, and incurs interest at the prime rate from month 13, once the business is on its feet. The money can be used to cover payroll, rental, and other monthly operating overheads. There is no security requirement for the loan.

To qualify for aid, the business must:

Be formally
registered

Provide
evidence of financial
viability prior to the
COVID-19 outbreak

Be both tax
and regulatory
compliant

REPAYMENT HOLIDAY

There is no repayment obligation nor interest incurred or raised for the first 12 months. Thereafter, interest at the prime lending rate shall be raised.

FAST PAYOUTS

We have made our process simple and fast. You can expect to receive the financial aid within 7 working days of your application. The timeframe is, however, dependent on you submitting all the required information. For a list of required documents, refer to the FAQs below.

OUR APPLICATION PROCESS

Our application process is only available online and everything required will be done through electronic communication and there is no need to travel to our offices to sign any documents. To apply, you need to prepare all the required documents and apply online via the link below. Your application will be reviewed by our knowledgeable and experienced investment teams.

Once approved, your first payout will be made within 7 working days of your application. Thereafter, your approved financial aid will be disbursed over a period of 3 months, subject to you submitting documents monthly which support your continued need for financial aid.

APPLY NOW
FREQUENTLY ASKED QUESTIONS