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Unlock Business Success with our Growth Code Programme for SMEs | FNB

Let's help you scale and grow your business


What is the Growth Code Programme?

We understand the challenges SMEs face as they work towards growth and funding opportunities. That's why we created the Growth Code Programme to provide Qualifying Small Enterprises (QSEs) with the knowledge, skills and resources needed to overcome barriers and achieve sustainable growth.

How this programme benefits your business

Struggling to access new markets and grow your business? The Growth Code Programme catalyses relationships with corporates, fellow SMEs and the IAAE network to expand your business opportunity size and address customer needs. It helps unlock tailored funding solutions from FNB to support your business expansion, while providing skills development, expert mentorship and specialist interventions to bridge gaps in operations, systems, compliance and strategy. Through this programme, FNB is here to help you achieve considerable business impact with job creation, business maturity and commercial growth in revenue.

How do we select entrepreneurs for the Growth Code Programme?

Each application will be evaluated, audited, and adjudicated in accordance with the programme's qualifying criteria. An additional customised scoring matrix will be implemented to thoroughly review each application, followed by site visits to shortlisted applicants to verify the information provided, ensuring that each business is evaluated impartially and that it receives justifications for its approval or rejection.

Programme Rollout: What to expect

Over the duration of the 18-month programme, the following development opportunities will be provided to SMEs:

  • SME business skills development facilitated through structured learning sessions and bootcamps.
  • Mentorship and advisory board sessions with seasoned entrepreneurs across multiple industries and disciplines.
  • Customised business development support, such as facilitated networking sessions and specialist interventions, to assist in bridging existing business gaps.

Qualifying criteria

To qualify for Growth Code, businesses must:

  • Be at least 51% (fifty one percent) black-owned as prescribed in the Financial Sector Charter issued in terms of the Broad-Based Black Economic Empowerment Act, 2013 (FSC).
  • Be a Qualifying Small Enterprise (QSE) business that operates at varying stages of development and in high job creation industries such as retail and manufacturing services and be revenue generating but not profitable; or revenue generating and profitable but requires scale.
  • Must have a business-to-business "B2B" business model. Businesses that have a business-to-business-to-customer "B2BC" business model will be considered on a case-by-case basis and may be accepted based on merit.
  • Have been in operation for 2 (two) or more years within South Africa.
  • Have a turnover of between R10,000,000.00 (ten million rand) and R50,000,000.00 (fifty million rand) per annum.
  • Demonstrate good financial health.
  • Demonstrate job growth potential.
  • Demonstrate passion and resilience for business.
  • Require access to growth finance; and
  • Consent to and pass necessary background checks.

Applications opened on the 7th of April 2025 and will close on the 9th of May 2025.

To apply, visit https://www.iamanentrepreneur.co.za/growthcode for more information.

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