Kaya 959 Kaya Biz

FNB launches R200m Vumela fund to grow small business

Loading player...
On Tuesday big four bank FNB launched its fourth Vumela fund, worth R200 million, which aims to offer alternate financing to 150 black-owned businesses and create 1 000 jobs.

FNB’s Vumela Enterprise Development Fund was established in 2009 by the lender’s commercial banking unit, in partnership with venture capital and private equity firm Edge Growth. Vumela – an isiZulu word meaning to allow, or enable – aims to create innovative financing models and support so-called ‘missing-middle’ black-owned small enterprises.

The newly launched Vumela 4.0 fund comprises two products: an accelerate loan and a venture debt loan.
9 Nov 2022 1PM English South Africa Business News · Investing

Other recent episodes

South African employment improves, but youth concerns persist

South Africa’s latest employment numbers are out, with Stats SA reporting an improvement of 0.2% in the fourth quarter of 2025. Nkosinathi Mahlangu, Head of the Youth Employment Portfolio at Momentum Group, argues that employer-driven opportunities are needed to give young people a real foothold in the economy.
31 Mar 4PM 9 min

SA fuel stations under pressure

Petrol stations are running dry nationwide as motorists rush to fill up ahead of record fuel price hikes expected from 1 April. South Africa braces for record fuel price hikes on April 1. To help address public concerns, we spoke to Avhapfani Tshifularo, Chief Executive of the Fuels Industry Association…
31 Mar 4PM 17 min

Key takeaways from South Africa’s 2026 Investment Conference

South Africa wants to move from promises to performance, and it’s aiming big — R2 trillion in new investment commitments over the next five years. For these and other highlights from today’s South African Investment Conference, Ipeleng Selele, Chairperson, Brand South Africa, joins the show.
31 Mar 4PM 7 min

Tech at the centre of SA’s investment story

As the country hosts the 2026 South Africa Investment Conference, government leaders are emphasizing a new phase of economic resilience, diversification, and digitalization. Takealot Group CEO, Frederik Zietsman, weighs in on the digital aspect after attending the conference.
31 Mar 4PM 7 min
All episodes