The fund started in 2003 and invests in viable SME companies that are involved in small scale mining and related activities within the Republic of South Africa. The fund provides equity and/or debt instruments, with equity stakes taken no exceeding 49% of the issued share capital of investees. The individual investments range between R1m and R30m (per project). SME financing is capped at the prevailing prime lending rate.
Khula–Akwandze Fund only finances black sugarcane farmers in Mpumalanga and Pongola region of KwaZulu Natal. The purpose of the Fund is to finance small to medium scale sugar-cane growers in the Malelane, Nkomati areas in the Mpumalanga Province.
Identity Development Fund (IDF I) is an en commandite partnership between Khula Enterprise Limited (Khula) and Identity Development Fund (Pty) Ltd (“IDF”). The fund provides a combination of loan and equity funding targeted at black women and youth-owned business enterprises and focuses on start-up and early expansion. The fund is managed by Identity Development Fund Managers (Pty) Ltd.