Apply Now for a Share of $16.5 Million: MIC Khulisani Ventures Fund for Black-Owned Businesses

The Mineworkers Investment Company (MIC), a trailblazer in South Africa’s investment landscape, is urging black-owned businesses to apply for funding through its Khulisani Ventures fund. With a legacy rooted in community development, MIC is advancing its mission to empower innovative entrepreneurs and foster economic growth.

What is MIC Khulisani Ventures?

Launched in 2021, MIC Khulisani Ventures is an early-stage investment vehicle designed to support high-growth, black-owned businesses in South Africa. Unlike traditional funding mechanisms, the fund prioritizes enterprises that demonstrate scalability, innovation, and the potential to disrupt existing markets.

MIC is a 100% black-owned investment firm established in 1995 by the Mineworkers Investment Trust (MIT). Its primary focus is creating sustainable assets that benefit workers in the mining, energy, and construction industries, as well as their families.

Who Can Apply?

Khulisani Ventures is targeting businesses that:

  • Are black-owned and managed.
  • Operate in sectors outside of primary agriculture and primary extractive industries.
  • Offer innovative products or services that enhance efficiencies, disrupt traditional markets, or solve pressing challenges in South Africa.
  • Demonstrate the potential for sustainability and scalability.

Funding Details

The fund boasts a substantial allocation of ZAR300 million (approximately US$16.5 million), aimed at providing early-stage businesses with the financial boost they need to achieve growth.

Key details include:

  • Application Deadline: End of January 2025.
  • Disbursement Timeline: Funding is expected to begin in March 2025.
  • Governance Standards: Applicants must exhibit strong governance frameworks to qualify for investment.

South Africa’s economy faces significant challenges, including high unemployment and wealth inequality. By investing in black-owned businesses, Khulisani Ventures aims to address these systemic issues, promoting inclusive growth and economic empowerment.

Key benefits of this initiative include:

  1. Job Creation: Supporting innovative enterprises can lead to the creation of sustainable employment opportunities.
  2. Economic Transformation: Promoting black entrepreneurship helps bridge gaps in South Africa’s economic landscape.
  3. Fostering Innovation: By targeting disruptive ideas, MIC is encouraging advancements that could transform industries and improve efficiency.

How to Apply

Interested businesses can apply directly through the MIC website. Applicants should be prepared to:

  • Submit detailed business plans.
  • Highlight their innovative solutions and market potential.
  • Demonstrate how their ventures align with the Khulisani Ventures mandate.

Over its 30-year history, MIC has established itself as a pioneer in community-based economic development. By reinvesting profits into initiatives like Khulisani Ventures, MIC is staying true to its mission of fostering economic empowerment for workers and their dependents.

The Khulisani Ventures fund represents a significant opportunity for black-owned businesses in South Africa to access capital and drive transformational growth. As the application deadline approaches, entrepreneurs are encouraged to take advantage of this chance to scale their innovations and contribute to South Africa’s economic future.

With its focus on innovation, sustainability, and inclusivity, MIC Khulisani Ventures is poised to make a lasting impact on the entrepreneurial landscape, paving the way for a more equitable economy.


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