Now valued at R20 million, the fund provides interest-free, short-term working capital loans to help micro, small, and medium enterprises (MSMEs) successfully deliver services to SANParks. This is particularly critical in a country where SMMEs contribute approximately 40% of total GDP, yet many struggle to access affordable finance.
Ray-Ann Sedres, Chief Transformation Officer at Sanlam, highlights the significance of the initiative: “South African National Parks are a vital contributor to the country’s economy, driving eco-tourism, job creation, and biodiversity conservation. By expanding the fund into Addo, we are strengthening the local small business network, ensuring that more SANParks suppliers can access the financial support they need to grow, create jobs, and contribute to sustainable economic development.”
The programme, implemented by I AM AN ENTREPRENEUR (IAAE), prioritises SANParks-approved SMME suppliers within a 50 km radius of national parks, with some flexibility for special cases further afield as approved by SANParks. The zero-interest loans help these businesses take on and complete projects without the burden of high borrowing costs.
Skumsa Ntshanga, Head of Socio-Economic Transformation at SANParks, underscores the importance of providing economic assistance to local SMMEs to ensure equal access to opportunities. "By expanding this programme to another one of our largest parks, we cement our commitment to inclusivity for our local suppliers. The fund allows the suppliers to grow their businesses, contribute meaningfully to the socio-economic upliftment of their communities, and helps ensure the smooth operation of our parks. This aligns with our Vision 2040 of a harmonious co-existence between people and nature, where they both prosper.”