Sasol Siyakha Fund secures R20 million credit guarantee from SEFA

Date

26 September, 2016

Johannesburg, South Africa – Sasol Siyakha Enterprise and Supplier Development Fund has secured a R20 million credit guarantee facility from the Small Enterprise Finance Agency (sefa) to enable it to service high risk small and medium-sized enterprises.

Speaking at the signing ceremony on this morning, Minister of Small Business Development Lindiwe Zulu said the credit facility is expected to support 10 small, medium and micro-sized enterprises (SMMEs), creating 100 jobs at an average loan size of R2 million.

“It is a fact that small businesses across the globe have been negatively impacted by economic headwinds. As a result, it is discouraging for lenders to provide capital to start-ups or existing businesses,” said Zulu.

She said although this is most likely temporary, this was not a time to turn away entrepreneurs seeking help.

“In fact, this is when small businesses require services of entities such as Sasol Siyakha Fund, sefa and its subsidiaries,” she said.

Established more than 10 years ago, sefa’s mandate is to help reduce poverty and unemployment by increasing access to and provision of finance to SMMEs and cooperatives.

Sasol Executive Vice President: Energy Business, Maurice Radebe, said Sasol’s is committed to enabling small and medium enterprises to be viable and sustainable.

To date, the Sasol Siyakha Fund has invested R130 million in assisting Sasol’s black suppliers to become sustainable

“It is partnerships such as the one we’ve established with sefa that will enable us to play a meaningful role in supporting small businesses that play a critical role in the development of our economy, create the much needed jobs and contribute to the socio-economic development of our communities.”

Each year Sasol invests close to a billion rand in programmes to advance the socio-economic development of the communities in which it operates globally, of which more than 80% of this investment is in South Africa.

In addition to believing that a growing and active SMME sector is vital for helping a healthy and growing economy, Sasol also recognises that it is necessary for broadening economic participation, local content development; and delivering on socio-economic development priorities.

Total Stores	Division	Store Location	Address	Tel No
1	Relabelled	Salt River	29 Brickfield Road, Salt River, Cape Town	(021)4479913
2	Relabelled	Bellville	Shop 4, Corner Voortrekker Rd & Durban RD, Bellville	(021)9171860
3	Relabelled	Kenilworth	Unit number 3 access park, Chichester road, Kenilworth	(021)6714778,
4	Relabelled	Kuilsrivier	Shop 4 & 5 Access Park, Kuilsrivier	(021)9031294 061 287 3980
5	Relabelled	Mobeni	Cnr Grimsby & Leicester Rd, Mobeni, Durban	(031)4620540 W\House (031) 469 9409
6	Relabelled	Pier 14	21A Pier 14, Shopping Centre, Port Elizabeth	(041)4841575 083 5176 728
7	Relabelled	Marlboro	13 Sparten Crescent ,Marlboro , Ext 3 Johannesburg	(011) 262 0460
8	Relabelled	Soweto	Maponya Shop 200 2127 Chris hani Road, klipspruit ext5 Soweto	(011) 933 1023
9	Relabelled	Umlazi	Shop 155 Umlazi Mega City 50 Griffiths Mxenge Highway Umlazi	(031) 902 1325
10	Relabelled	Epping	10 Losack avenue , epping industrial	(021) 534 0401
1	BCWC	Kloof	Lifes on Kloof, 50 Kloof Street, Gardens ,Cape Town, shop G-15	(021) 422 1593 078 211 8051
2	BCWC	Canal Walk	Shop 619 Canal Walk , Century BLVD, Century City , Cape Town 7441	(021) 551 2891
3	BCWC	Monte Casino	Shop 80B Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 0438
4	BCWC	Menlyn	Shop UF 42 & 43 cnr atterbury road & lois avenue , menlo park , Pretoria	(012) 764 9600
5	BCWC	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	032 586 0242
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766
6	BCWC	Rosebank	Shop GF08, The Zone, Rosebank mall, Oxford Street, Johannesburg	(011)268 1114
1	Magents	Canal Walk	Shop 08 , Century Blvd , Century City 7441	(021) 551 2533 JP CELL: 064 686 4026
2	Magents	Monte Casino	Shop 21 Montecasino, No1 Monticasino Bouelvard Fourways , 2191 Magents	(011) 465 6721 074 669 6310 073 804 4352 079 884 7607
3	Magents	Menlyn	MENLYN MALL , SHOP G190 CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	(012) 348 4725 073 8677 468 - Sieya , kiley , OUPA, Micheal
4	Magents	Balito	SHOP 608 LEONORA DRIVE,DOLPHIN COAST,BALLITO,4399	061 521 7446 032 586 1467
1	WSA	Menlyn	MENLYN MALL ,LF41A CNR ATTERBURY ROAD & LOIS AVENUE,MENLO PARK,PRETORIA	Vicky - 078 816 1921 land line - 012 348 4766

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Sasol Siyakha Fund secures R20 million credit guarantee from SEFA

Sasol Siyakha Fund secures R20 million credit guarantee from SEFA