We assist emerging black small and medium enterprises (SMEs) in South Africa to grow and prosper through various Enterprise Development (ED) initiatives. These initiatives contribute to the wider National Agenda to promote a thriving SME sector that enables economic and social development in the country.

  • What we offer

    • Access to development finance
    • Access to markets
    • Business development support
  • Access to development finance

    Through partnerships with our corporate clients and other partners we are able to offer a number of development funding solutions to qualifying emerging SMEs, based on the profile of the entrepreneur and the business.

  • Access to markets

    Our Procurement Portal is a virtual marketplace bringing emerging SME suppliers and corporate procurement teams together to access goods and services. This portal unlocks numerous opportunities for SMEs to penetrate existing markets.

    Procurement Portal >

  • Business development support

    We provide the following non-financial support depending on the SMEs varying needs:

    • Business and financial management training on a variety of topics
    • Business mentorship to assist SMEs to grow their businesses
  • Enterprise Development Centres

    We have four Enterprise Development centres across South Africa, which are hubs for emerging SMEs to receive training, access computers and boardrooms and benefit from networking opportunities.

    Some of the business development services offered to SMEs include:

    • Hot-seats/workstations and boardroom(s)/meeting rooms with telecom facilities for EDC members
    • Advisory services on:
      • ED offerings (including the Procurement Portal, Procurement Finance and Developmental/Equity Funding)
    • Workshops focusing on:
      • Business plans (review), cash flows, licenses, permits, registration regulations and documents required to start and/or register a business, tax compliance etc.
      • Entrepreneurial skills development, financial literacy, business principles etc.
    • Provision of network platforms through business seminars

    We also have two Enterprise Development offices which provide advice and training, as well as the Absa StartUp store based in the Tshimologong Precinct, 41 Juta Street in Braamfontein, Johannesburg. 

    For further information please contact one of the ED centres or offices below or email ED@absa.co.za

    Location Street address City Telephone
    Eastern Cape 1st Floor Kwantu Towers, Vuyisile Mini Square Port Elizabeth +27 41 502 9200
    North West Cnr R565 and Direpotsane Road, Phokeng Rustenburg +27 14 566 7260
    KwaZulu-Natal Lion Match Office Park, 892 Umgeni Road Durban +27 31 324 2360
    Northern Cape
    (ED office)
    80 Bultfontein Road Kimberly + 27 53 839 7467
    Free State
    (ED office)
    Absa Brandwag
    Cnr Donald Murray Avenue & Nelson Mandela Drive
    Bloemfontein + 27 51 401 1051
contact

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0860 040 302

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