In a move set to reshape the future of small business in South Africa, the Black Management Forum (BMF) and Sourcefin have announced a strategic three-year partnership aimed at improving access to funding and enterprise development for small, medium and micro enterprises (SMMEs).
Johannesburg – SMMEs contribute nearly 40% to South Africa’s GDP and provide millions of jobs, making them a cornerstone of the national economy. Yet many remain locked out of opportunities due to lack of funding and insufficient business support. Recognising this gap, the BMF – a long-standing advocate for socio-economic transformation and black leadership – has teamed up with Sourcefin, a fast-growing fintech offering accessible and innovative funding solutions to underserved small businesses.
The partnership seeks to address the deep-rooted challenges SMMEs face when trying to secure financial backing. “South Africa relies heavily on the economic opportunities that SMMEs provide,” says Jordan Hertz, Chief Commercial Officer at Sourcefin. “Yet they are often denied access to funding because of limited financial history and outdated credit scoring models. At Sourcefin, we believe in funding potential, not just the past.”
Sourcefin has already proven its impact, having deployed nearly R2 billion in funding to over 1,000 SMMEs in just four years. The partnership with the BMF adds an essential new dimension—direct access to black-owned enterprises in need of both capital and developmental support.
“Sustainable economic transformation is only possible when small businesses are given the tools to succeed,” says Mpho Motsei, President of the BMF. “This partnership is more than a financial agreement; it’s a shared commitment to drive inclusive growth and socio-economic development across South Africa.”
The BMF brings to the table a powerful network of black professionals, policy advocacy, and a deep understanding of the systemic barriers faced by entrepreneurs. By joining forces with Sourcefin, they aim to close the R300-billion funding gap still hampering the sector—particularly for black-owned SMMEs.
“This is a pivotal moment,” adds Motsei. “Together, we are building a future where SMMEs are empowered to lead in economic growth, job creation, and transformation. Our collaboration is a bold step toward making inclusive prosperity a reality.”
Picture: Left to right: Joshua Kadish, Co-Founder, Director and CEO at Sourcefin, Monde Ndlovu, BMF Managing Director , Mpho Motsei, BMF President, Jordan Hertz, Sourcefin Chief Commercial Officer, and Nomsa Simelane, BMF Chairperson for Enterprise Development.