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Prasa - New BEE
Formula Adopted

The black empowerment portion of Prasa's fleet renewal contract will be worth about R37bn over 20 years.

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Power Lunch

NEF & UKTI partner to raise funds.

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NEF IN THE MEDIA

BIG FAT SOUTH AFRICAN WEDDING, CITY PRESS, iMagazine Page 8 *** New NU' funding put on ice, CITY PRESS, Business Page 3 *** Funding saga has become a scandal - Repeat, News Extra, YFM *** Better ways to get investment other than blackmail, BUSINESS DAY, Companies & Markets *** Davies to negotiate recapitalisation of empowerment fund, BUSINESS DAY (Late Final *** TopTV mess costing South Africa, MyBroadband.co.za - My Broadband *** TopTV''s flop gobbles up state funds, Mg.co.za - Mail & Guardian *** New Specs, ENGINEERING NEWS *** No loan hampers job creation, Fin24.com - Finweek *** Who should I contact to fund my BEE partner’s buy-in to my business?, Entrepreneurmag.co.za - Entrepreneur Mag ***

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Investee Stories

R44 million in a greenfields broiler project in the Eastern Cape.

The NEF has approved R44 million new ventures finance to fund the land, infrastructure and equipment required to kick-start the project. Velevutha represents a genuine broad-based BEE initiative including 33% women, 10% Staff and 7.5% Broad-Based BEE ownership as well as the creation of 12 new jobs and transformation of a white-dominated, blue-chip industry.

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