Old Mutual has launched a Business Asset Programme to provide financial support for small and medium-sized enterprises. The initiative offers up to R20,000 per qualifying business for essential equipment or technology. This R1.2 million fund is specifically aimed at Black-owned businesses nationwide.
Applications for the programme, which is part of Old Mutual's broader SMEgo efforts, will close on 28 November 2025. The company stated that payments for approved assets will be made directly to service providers to ensure transparency. Eligible businesses must be majority Black-owned and must subscribe to a specific Old Mutual plan.
The programme is designed to reduce administrative hurdles and fast-track growth for entrepreneurs. It aims to help businesses overcome barriers to expansion by providing tangible assistance for essential operational assets.
Applications for the programme, which is part of Old Mutual's broader SMEgo efforts, will close on 28 November 2025. The company stated that payments for approved assets will be made directly to service providers to ensure transparency. Eligible businesses must be majority Black-owned and must subscribe to a specific Old Mutual plan.
The programme is designed to reduce administrative hurdles and fast-track growth for entrepreneurs. It aims to help businesses overcome barriers to expansion by providing tangible assistance for essential operational assets.
