Emerging gold jewellery manufacturers have been given a boost with the launch by Minister of Trade and Industry’s Rob Davies of the state’s R100m Gold Loan Scheme.

Here’s a list of Top 10 Things You Should Know About The Gold Loan Scheme:

1. The scheme is aimed at assisting emerging and established gold jewellery manufacturers with working capital loans.
2. Under the scheme loans are provided at a fixed interest rate of 3% a year.
3. The scheme was originally earmarked in the Industrial Policy Action Plan (IPAP) to provide a financial facility for gold manufacturers to access loans and terms for increased jewellery production,.
4. The new scheme is one of the many programmes that are being used to support and grow the jewellery sector. The DTI, through numerous, schemes has provided support to more than 60 emerging and established jewellery manufacturers at a number of global exhibitions and will continue to provide such support.
5. IDC’s business support programme offers non-financial support to entrepreneurs. The support is available pre-and post-approval.
6. As a guideline the minimum that can be financed is 3 million.
7. Client must require a minimum of 4kg and a maximum of 10kg Gold.
8. Funding will only be available for manufacturing activities taking place in South Africa.
9. Only existing companies will be funded.
10. The client must possess requisite statutory approvals and documents for handling precious metals.