Isibaya Funding Process

How to apply for funding

To apply for funding you are required to register online to obtain user name and password which will be sent to you via an email address of your choice. Once logged-in you are required to complete the application in full and attach the required documentation to support your application. Your application will not be considered if all required documents are not attached.

Please note that depending on the application and other factors an application can take a minimum of three to six months from receipt to approval of the transaction by the PIC. However we endeavor to speedily deal with all applications.   

 

Below is a broad investment process any application for funding will undergo:

 

picprocess.png 

 

 

Application for funding will be considered within the following parameters, amongst others:

        • funding may comprise debt, equity, mezzanine/preferences shares or combination thereof;
        • funding will be commercially priced;
        • security may include company or project assets and/or security by sponsors and project or company cash flows must be robust;  
        • investments must yield significant developmental impact;
        • preferably, applicants for funding should espouse the aims of BBBEE; and
        • funding will usually be provided on co-funding basis with suitable partners.

The PIC uses different delivery approaches when executing unlisted investment mandates. These approaches, sometimes referred to as delivery channels are as follows:

  • Direct investment: Through this channel investment opportunities and project  are directly sourced and the PIC will invest directly into such projects or companies; and
  • Indirect investment: through third party Fund Managers (commonly known as Fund of Funds, This channel entails outsourcing part of the mandate to third-party Fund Managers.

Application Document Check List

Document TypeNew ApplicationExisting ClientRest of Africa Clients

1.  Constitutional Documents

xxx

2.  Annual Financial Statement: Income statement

xxx
​3.  Business Plan or Private Placement Memorandum (in case of a Fund)​x​x​x

4.  Annual Financial Statement: Balance sheet

xxx
5.  Annual Financial Statement: Cash flow statementxxx

6.  Latest Management Accounts: Income statement

xxx

7.  Latest Management Accounts: Balance sheet

xxx

8.  Latest Management Accounts: Cashflow statement

xxx

9.  Financial Model: Income statement

xxx

10.  Financial Model: Balance sheet

xxx

11.  Financial Model: Monthly cash flow statement

xxx

12.  Personal statements of assets and liabilities

xxx
13.  Supporting document for Financial Statementsxxx

14.  TAX Clearance Certificate

xx 

15.  BEE Certificate

xx 

16.  Memoradum of incorporation

xxx
​17.  Company Registration Documents​x​x​x

18.  Memorandum of association

xxx

19.  Articles of association

xxx

20.  Certificate to commence business

xxx

21.  Certificate of incorporation

xxx

22.  Shareholder/Board Resolution approving for funding

xxx

23.  Copy of Certified ID

xxx

24.  Proof of residence

xxx

25.  List of Directors (CM29)

xxx

26.  Letter of good standing for tax

xxx

27.  CM1 Proof of company registration

xxx

28.  CM9 Registered Office of the Company

xxx

29.  CM1 Proof of company registration

xxx

30.  CM9 Registered Office of the Company

xxx

 

 

To apply for funding, please click here to register and complete the application form.