KZN Growth Fund

KZN Growth Fund

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Last update: Dec 6, 2024 Last update: Dec 6, 2024
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Legal residence:South Africa
Organization type:Government agency
Funding agencies:Other
Other
Sectors:Labour Market & Employment, Poverty Reduction, Pro ...
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Labour Market & Employment, Poverty Reduction, Programme & Resource Management, SME & Private Sector
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About

Established in 2008 by the KZN Department of Economic Development , Tourism and Environmental Affairs (EDTEA) as a key strategic initiative to accelerate Broad-Based Black Economic Empowerment (B-BBEE), job creation, and economic growth in the KZN Province.

KZN Growth Fund (KGFT) was structured as a unique public-private partnership venture to finance medium to large private sector projects. The main stimulus being to co-fund and or fund catalytic investments within impact industries as governed by KGFT’s mandate and investment policy.
In the past decade, KGFT has committed and disbursed almost R1 billion to ten projects in the KZN province in the healthcare, manufacturing, telecommunication and logistics sectors in doing so has accomplished its primary objectives by  job opportunities.
 

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