Black Business Referral Network

    Funding & InvestmentSource: moneyweb.co.za

    Absa opens R12 million fund for young Black-owned South African SMEs

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    The fund is supported by the Absa CSI Trust and delivered with the Tshiamo Foundation. Absa reported receiving more than 4,500 applications before the October 31, 2026 deadline. The initiative is designed to address financing and capability gaps affecting early-stage Black-owned businesses, rather than providing grants without additional operating support.

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