Government and large companies have a drive to promote small to medium BBBEE certified businesses (“SME’s”) and they award tenders and contracts to these SME’s. It may happen that these SME’s find it difficult to fulfil their contracts due to lack of capital. IE Capital will provide the required capital to these SME’s and acquire up to 49% equity in these SME’s. This is why this private equity fund was established.
Only companies who comply with the investment criteria will qualify. The investment criterias are simply put: