The black empowerment portion of Prasa's fleet renewal contract will be worth about R37bn over 20 years.
NEF IN THE MEDIA
Soon to be available in all 11 official languages
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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