Anglo Zimele - Anglo American South Africa

8Who is eligible for funding?Black-owned small and medium enterprises andsmall-scale black-owned mining companies instart-up and expansion phase. For the SmallBusiness Start-up Fund, entrepreneurs mustbe located within a 50km radius of an AngloAmerican operation.What are the general funding criteria?l Commercial viability – the business must besustainable in the long term and meet returnrequirements.l Transfer of skills – there must be potentialfor BEE entrepreneurial development.l Owner’s equity contribution – minimumof 10%.l For the Supply Chain Fund, there must bean existing or potential link into the Anglosupply chain.l The owners of the investee companies mustbe involved in the day-to-day managementand operation of the business.What are the financial funding criteria?l Maximum funding per deal:• Supply Chain Fund – R5 million• Anglo Khula Mining Fund – R20 million• Small Business Start-up Fund – R1 millionl For the Supply Chain Fund and the AngloKhula Mining Fund, Anglo Zimele acquiresminority equity participation (10-49%).l Working capital requirements will be fundedthrough shareholder loans at prime plus1% (flat 10% for Small Business Start-upFund) with commercial repayment terms andconditions.