The Mineworkers Investment Company (MIC) has launched MIC Khulisani Ventures, a unique offering created for early-stage black-owned businesses, to address the significant gap in post-seed investment for businesses that are not plugged into the dominant streams of venture capital networks.
The venture addresses the significant gap in post-revenue investment for businesses that are not plugged into the dominant streams of venture capital networks. This round of investments, projected to range between R15 million to R30 million per awarded applicant, will meet that need and help spur growth and expansion in South Africa and beyond.

MIC Khulisani will invest in promising cash generative businesses in a variety of sectors. The criteria for these businesses are as follows: be at least 51% black South African ownership, operating history of at least 3 years, ideally owned by black women, disruptive within their sector, scalable, have high growth potential, open to all sectors except fast food, mining, primary agriculture and franchises, post revenue and a minimum investment requirement of R15 million. Businesses that are highly innovative and scalable but may not fulfill the criteria above will also be considered.
Applications for the fund are open until 15 August 2021. Could your business be the one MIC takes to the next level? Apply here: khulisani.mic.co.za.