Public Investment Corporation (PIC) - Isibaya Fund Priority Sector

The purpose of the Isibaya Fund Priority Sector Fund is to invest in projects that contribute to the growth of the economy through job creation, skills transfer, poverty alleviation and rural development. The funding term is usually not less than five years.

They fund the following sectors:

• Agriculture.
• Agro-processing.
• Tourism.
• Beneficiation.
• Affordable housing.
• Education.
• Skills development.
• Healthcare.
• Construction.
• Business process outsourcing.
• Manufacturing.
• Metals fabrication.
• Motor vehicle components and accessories.
• Chemical, plastics and pharmaceuticals.
• Pulp, paper and furniture.
• Business services.
• Medical services.
• Non-ferrous metals. 

Eligibility criteria

• Your business must have a minimum of a BBBEE level 3.
  
• You have sufficient security which may include company or project assets and/or security by sponsors and project.
  
• Your business’ cash flow is robust.
  
• Investment in your business will yield significant developmental impact.
  

Application process

To apply for funding you are required to register online to obtain a username and password which will be sent to you via an email address of your choice. Once logged in you are required to complete the application in full and attach the required documentation to support your application. Your application will not be considered if all required documents are not attached.

Please note that depending on the application and other factors, an application can take a minimum of three to six months from receipt to approval of the transaction by the PIC.