ABOUT OPERATION VULA FUND
The Operation Vula Fund is a grant funding scheme initiated by the KwaZulu-Natal Department of Economic Development, Tourism and Environmental Affairs with the aim of ensuring that adequate support is afforded towards the development and promotion of sustainable emerging enterprises which include SMMEs and Cooperatives.
A tiered approach to funding is implemented as follows:
| Funding Tier | Funding Range |
|---|---|
| Tier 1 | R0 - R200,000 |
| Tier 2 | >R200,001 - R500,000 |
| Tier 3 | >R500,001 - R2,000,000 |