NEF Mandate:
Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by promoting a culture of savings and investment among black people. NEF business funding is from R250 000 to R75 million and where the funding requirement is greater, this is normally financed through third-party support.
As at November 2021 the NEF had approved in excess of R11.2 billion across various sectors country-wide, with a total project value of R20.37 billion, supporting over 105 949 jobs.
Investment Funds:
NEF funding is obtainable from the following specialist Funds:
1. The Women Empowerment Fund (WEF) facilitates the provision of funding to businesses owned and managed by black women across a range of sectors for start-up, expansion and equity acquisition purposes.
2. iMbewu Fund supports black SMEs for franchise, procurement and entrepreneurship finance in support of new and existing black-owned businesses seeking to expand through debt, quasi-equity and equity finance products.
3. uMnotho Fund is designed to improve access to BEE capital through Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. These products provide capital to black-owned and managed enterprises that are buying equity shares in established enterprises, new ventures and expansions.
4. The Rural, Township and Community Development Fund (RTCDF) provides funding to aspiring rural entrepreneurs and facilitates skills transfer to and operational involvement by community groups.
5. The Strategic Projects Fund (SPF) is mandated to increase the participation of potential black industrialists in early-stage projects in order to maximise South Africa's industrial productive capacity across key economic sectors.
Company Details
- Employees
- 254
- Founded
- -
- Address
- 187 Rivonia Road, Johannesburg,gauteng 2196,south Africa
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- http://www.nefcorp.co.za
- Keywords
- Asset Management, Fund Management, Financial and non-financial solutions, A leader in venture capital finance, A catalyst for Broad-Based Black Economic Empowerment, Women Empowerment Fund (WEF), Entrepreneurship Finance, Acquisition Finance, Expansion Capital, Capital Markets, Liquidity & Warehousing, Procurement Finance, Franchise Finance, New Venture Capital, Expansion Capital, Arts and Culture Venture Capital, Tourism Transformation Fund, Strategic Projects Fund, Rural, Township and Community Development Fund, iMbewu Fund, uMnotho Fund, Funding Instruments, Pre-Investment Unit (PIU), Post-Investment Business Support Unit (POIU), Growing Black Economic Participation, Black Business Manufacturing Fund, Enterprise and Supplier Development, NEF COVID-19 Economic Distress Fund, Codes of Good Practice, An academy of excellence.
- HQ
- Johannesburg, Gauteng
- Competitors
- RMB - Rand Merchant Bank, South African Reserve Bank, Development Bank of Southern Africa (DBSA), Masisizane Fund, Nedbank, Small Enterprise Development & Finance Agency, Public Investment Corporation, the dti (Department of Trade and Industry: Republic of South Africa), Land and Agricultural Development Bank of South Africa, Industrial Development Corporation.
National Empowerment Fund Questions
National Empowerment Fund's website is http://www.nefcorp.co.za
National Empowerment Fund's LinkedIn profile is https://za.linkedin.com/company/nef1
National Empowerment Fund has
254 employees.
View email and phone details for 254
employees at National Empowerment Fund.
National Empowerment Fund's industry is
Financial Services
National Empowerment Fund's top competitors are
Rmb - Rand Merchant Bank,
South African Reserve Bank,
Development Bank Of Southern Africa (Dbsa),
Masisizane Fund,
Nedbank,
Small Enterprise Development & Finance Agency,
Public Investment Corporation,
The Dti (Department Of Trade And Industry: Republic Of South Africa),
Land And Agricultural Development Bank Of South Africa,
Industrial Development Corporation.
National Empowerment Fund's categories are Financial Services
National Empowerment Fund's founding year is 1998
