DocumentClosedmedia statement

R300 Million Construction Fund Press Release 13 May 2026

Construction Industry Development BoardRef: https://www.cidb.org.za/wp-content/uploads/2026/05/R300-Million-Construction-Fund-Press-Release-13-May-2026.pdf

Official source

Source domain: cidb.org.za

Collected on 28 June 2026

Always confirm details on the official source before acting.

Our copy (archived 14 July 2026)Official source

What this means

This document is a media release announcing the launch of a R300 million Construction Fund created jointly by SEDFA and cidb. It explains the Fund’s purpose to improve access to finance for black-owned, women-owned and youth-owned emerging contractors in South Africa’s construction sector and to provide non-financial support to help them grow. The release includes statements from government officials emphasising economic inclusion and sustaining participation of emerging contractors in public infrastructure projects.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

intermediary participation applicationOngoing

Online application portal for eligible intermediaries to participate in the Construction Fund programme

Eligible intermediaries can apply via an online application portal to participate in the Construction Fund programme, where they will extend finance to qualifying construction SMEs under SEDFA’s wholesale funding model.

Who it is for: eligible intermediaries (institutions) that finance construction SMEs
How to act on it: Apply through the online application portal after it opens for eligible intermediaries to participate in the programme.

Show the line this came from

Following the launch, an online application portal will open for eligible intermediaries to participate in the programme.

construction finance and support fundOngoing

Construction Fund (R300 million) for emerging contractors via SEDFA and cidb

A R300 million Construction Fund has been launched to improve access to finance for black-owned enterprises and to address limited access to affordable and sustainable finance for emerging contractors, with non-financial support to help them grow, succeed and create jobs.

Who it is for: emerging contractors and qualifying construction SMEs, particularly black-owned, women-owned and youth-owned enterprises
How to act on it: The document states that implementation will be driven through SEDFA’s wholesale funding model using eligible intermediaries; it also says an online application portal will open for eligible intermediaries to participate in the programme.

Show the line this came from

Small and emerging contractors in South Africa’s built environment sector have been given a major boost through the launch of a new Construction Fund aimed at improving access to finance for black-owned enterprises.

Facts

Places

City of Johannesburg, Gauteng

Reference

https://www.cidb.org.za/wp-content/uploads/2026/05/R300-Million-Construction-Fund-Press-Release-13-May-2026.pdf

Amounts

R 300 000 000

Key Takeaways

fund_amount: R300 million
parties: SEDFA and cidb
purpose: improve access to finance for black-owned, women-owned and youth-owned contractors
target: emerging contractors in construction sector
location: Modderfontein, Johannesburg
date: 13 May 2026
speakers: Stella Ndabeni (Minister of Small Business Development), Sihle Zikalala (Deputy Minister of Public Works and Infrastructure), Bongani Dladla (CEO cidb)
outcome: establishment of Construction Fund with financing and non-financial support
subject: inclusion of black-owned, women-owned, youth-owned enterprises in mainstream infrastructure economy

Dates

Closing Date

13 May 2026