Vision
Our vision is to become the leading provider of innovative transformation solutions for an economically inclusive South Africa.

Mission
The National Empowerment Fund is a catalyst of Broad-Based Black Economic Empowerment in South Africa.

We enable, develop, promote and implement innovative investment and transformation solutions to advance sustainable Black economic participation, in the economy.
 

Values
• Service excellence
• Result orientated
• Innovation and continuous improvement
• Ownership and accountability
• Recognition and reward
• Respect, empathy and fairness
• Honesty and integrity
• Open and honest communication
• People development

The NEF’s role is to support BB-BEE. As the debate concerning what constitutes meaningful and sustainable BB-BEE evolves, the NEF anticipates future funding and investment requirements to help Black individuals, communities and businesses achieve each element of the Codes of Good Practice. These include a focus on preferential procurement, broadening the reach of Black equity ownership, transformation in management and staff and preventing the dilution of Black shareholding.

The NEF differentiates itself not only with a focused mandate for BB-BEE, but by also assuming a predominantly equity-based risk to maximise the Empowerment Dividend. Reward should balance the risk with the application of sound commercial decisions to support national priorities and government policy such as the Accelerated and Shared Growth Initiative for South Africa (AsgiSA)or targeted investments through the dti’s Industrial Policy Framework. The work of the NEF therefore straddles and complements other Development Finance Institutions (DFIs) by allowing the organisations to work in close collaboration.

With them, the NEF can enhance other DFIs and their mandates by sharing its specialist sector expertise and knowledge.

“We are clearly and unequivocally focused on overcoming the historic divide in our economy.”
Mr Ronnie Ntuli – Board Chairman

Asset Management

By structuring accessible retail savings products for Black people through its Asset Management Division, which is a custodian of certain equity allocations in State-Allocated Investments (SAIs), the NEF aims to foster a culture of savings and investment among its beneficiaries.
 
Fund Management
As a facilitator of the Codes of Good Practice of the Broad-Based Black Economic Empowerment Act (the Codes), to support the pillars of Black enterprise by providing finance and financial solutions across a range of sectors through its Fund Management division.

Strategic Projects
As a provider of project finance which allows Black entrepreneurs to participate in high growth strategic projects at an early stage without paying a premium for equity.

The NEF was established by the National Empowerment Fund Act No 105 of 1998 (“NEF Act”), to promote and facilitate black economic equality and transformation. Its mandate and mission is to be the catalyst of Broad-based Black Economic Empowerment (BB-BEE).

• To foster and support business ventures pioneered and run by black enterprises.

• To improve the universal understanding of equity ownership among black people.

• To contribute to the creation of employment opportunities.

• To encourage the development of a competitive and effective equities inclusive of all persons in South Africa.

• To encourage and promote savings , investments, and meaningful participation by black people.

• To provide black people with opportunity of, directly or indirectly, acquiring shares or interest in private business enterprises.

• State allocated investment (SAIs) that are being restructured or in private business enterprises.

• To generally employ schemes businesses and enterprises as may be necessary to achieve the objectives of the NEF Act.