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The Vumela ESD Fund Funding, skills and support for scale

Our outsourced,
end-to-end solution
for First Rand

The Vumela Fund

The Vumela Fund is a R588 million Social Venture Capital Fund that Edge Growth manages on behalf of the Vumela Trustees. The fund is a business with the objective of creating stakeholder value by investing in, growing and divesting of SMEs and providing value added growth support services to both investee and non-investee companies.

Since inception in 2010, the Vumela Fund:


  • experienced an average weighted CAGR revenue growth of over 20%
  • made over 20 investments
  • committed R280 million in capital
  • created almost 2000 jobs

“I can highly recommend Edge Growth. Their knowledge and understanding of their space far exceeds that of any competitors, the quality of their staff place them far ahead in terms of actual delivery and execution, their track record clearly demonstrates their activity in this space and their ethics, values, integrity, passion and commitment are beyond question.”

– Heather Lowe, Head of Enterprise Development, FNB Business


Coega Autospray – investment enables much-needed growth support


Coega Autospray supplies small sprayed plastic parts to OEMs in the motor industry, primarily VW and General Motors. The technical skill required in this niche is rare and Coega has consistently produced high-quality products that have won them large contracts and numerous awards, yet growth had been limited.


Edge’s due diligence resulted in Vumela making a R15 million debt-equity investment in Coega Autospray in 2011, providing growth capital. Edge Growth also helped to raise an additional R6 million of debt funding to finance Coega’s growth.


Combined with Edge’s growth strategy support, the investment helped Coega recover from an insolvent position and has created an additional 60 jobs*, grown revenue by 400%, and enabled the commission of a robotic production line and a new moulding line to support demand.

Coega Autospray

Edge screens 300 SMEs, shortlisting 30 high-potential SMEs suitable for growth support.

Read more about Anglo Coal

SAB’s KickStart initiative is re-engineered tocreate a more focused, comprehensive approach towards providing high-impact, sustainable business support.

Read more about KickStart

Cabs for Women receives the capital it needs to grow the fleet and create employment for previously disadvantaged women.

Read more about Cabs For Women

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