Small Enterprise Finance Agency
The Small Enterprise Finance Agency (SOC) Limited (sefa) provides financial products and services to qualifying SMMEs and Co-operatives, as defined in the National Small Business Act of 1996 and amended in 2004, through a hybrid of wholesale and direct lending channels within the following sectors:
Services (including retail & wholesale trades and tourism);
Manufacturing (including agro-processing);
Agriculture (specifically land reform beneficiaries and contract-farming activities);
Construction (small construction contractors);
Mining (specifically small scale miners); and
Green industries (renewable energy, waste and recycling management).
The agency is a wholly owned subsidiary of the Industrial Development Corporation Limited (IDC) and was founded on 1 April 2012 – in terms of Section 3 (d) of the Industrial Development Corporation Act, No. 22 of 1940 (IDC Act) – following a cabinet decision and the 2011 State of the Nation Address to merge the three agencies: Khula, the South African Micro-Finance Apex Fund and the IDC’s small business funding into a single entity.