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Key Criteria for SME Funding in South Africa. Target financially stable, legally compliant SMEs with growth potential in the South African market.
CIPC registration: The business must be officially registered with the Companies and Intellectual Property Commission (CIPC) as a legal entity in South Africa.
Trading history: The business must have been actively operating for at least 12 consecutive months, demonstrating a track record of commercial activity.
Business turnover: The business must generate a monthly minimum turnover of R40,000 or more, indicating a sufficient level of financial activity.
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