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Manufacturing Competitiveness Enhancement Programme (MCEP)

Manufacturing Competitiveness Enhancement Programme (MCEP)

The Manufacturing Competitiveness Enhancement Programme (MCEP) is designed to promote competitiveness in manufacturing while ensuring job retention in the sector. MCEP consists of:

  • Industrial financing loan facilities (the Working Capital Component) managed by the IDC; and
  • Production incentive grants administered by the Department of Trade and Industry - for more information on these, please visit the Investment Incentives Website.

Working Capital Component

FUND SIZE: R1BILLION(Off-balance sheet)

Working Capital Facility


To assist manufacturing companies with working capital.

Qualifying Criteria

  • Onlyavailable for working capital requirements;
  • Not applicable to start-ups;
  • Only applicable to manufacturers under Standard Industrial Classification Code 3;
  • Applicant may not contemplate workforce reductions during the term of the facility;
  • Applicant required to achieve BBBEE Level 4 within 24 months;
  • MCEP funds are blended at a leverage level of at least 20% funding from IDC; and
  • Pre and post Business Development provided at a maximum of R3 million per applicant.

Instruments and Pricing:

  • Limited to R50 million per applicant;
  • Priced at a fixed rate of 4%;
  • Maximum term is 48 months, including moratorium;
  • First drawdown must occur within 6 months from approval date;andNo fees apply.
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