Competitive advantage incentives
Objective

The Gold Financing Scheme has been set up to provide working capital loans to gold jewellery manufacturers.

Beneficiaries

Existing gold jewellery manufacturers

Criteria

The business must have economic merit;

• Client must require a minimum of 4kg and a maximum of 10kg of gold;

• The client must have a secured contract/s;

• Funding will only be available for manufacturing activities taking place in South Africa;

• Financial contribution from owners will be required. This will be determined on a project-by-project basis;

• The client must possess requisite statutory approvals and documents for handling precious metals;

• Only existing businesses will be funded;

• Security will be required, such will be determined on a case-by-case basis;

• The client must comply with the IDC’s normal funding requirements;

• The client must have adequate insurance against gold loss; and

• Acceptable physical security and metals management systems will be required.

Benefits

The working capital loans under the scheme are provided at a fixed interest rate of 3% per annum.

The IDC’s business support programme offers non-financial support to entrepreneurs. The support is available pre- and post-approval.

Implementing Agency

Industrial Development Corporation

Contacts

Applications can be done online via www.idc.co.za or submitted to any IDC office


Download the Gold Loan Scheme brochure [PDF, 1.57Mb]