Miscellaneous RFI: NEF 02/2010 REQUEST FOR INFORMATION:

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DRUM READER Zandile Ndunge (34) of Ntuzuma in KwaZulu-Natal e

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Vervolger kan se motors, huise vat Jeanne-Mane Versluis Die Nasionale Vervolgingsgesag

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Fl NANCE finance Small-, medium- and micro-enterprises

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Too much venom for the Stars DONALD LOBELO

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As the municipality of Saldanha seeks to develop and diversify its economy,

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Seitshiro burial DEPUTY president of the Association of Black Securities

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 Vuyo Jack BLACK JACK HE PSYCHOLOGY involved in black economic empowerment (BEE)

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 Impressive line-up of speakers atVaal’s SMME conference VANDERBIJLPARK.

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  Vuyo Jack BLACK JACK HE PSYCHOLOGY involved in black economic empowerment

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 The Vaal Region Community Chest in partnership with the

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 After the two women left their then employment more than two years ago,

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 Gas-vroue Opofferings die moeite werd.

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 Mnr. Rashid Yusof, uitvoerende hoof van Engen, op lang van 55%

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 Restructure of public financial entities mooted

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 The formerly disadvantaged will be able to pick up shares at an 80% discount

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 ENGEN said yesterday it was aiming to increase its number of black-owned service stations from the current 40%.

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 After the conclusion of numerous large deals, the future of BEE

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 The state of purses in sa’s boardroom

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 So much has occurred this past quarte and continues to happen.

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 CAPE MEDIA SOUTH AFRICA’S PREMIER BLACK BUSINESS LEADERSHIP

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 Black investors to hold 4% after biggest broad-based telecoms

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 BEE needs more work Having survived its infancy,

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 Land reform climate reason for concern

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 A day after South Africa’s brand new satellite pay-TV service,

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 Being an entrepreneur is tough. Fortunately. South Africans have a host

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 The way of the future? was very interested to read the article on transport technologies

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 Norwegian group Ferd will construct an office building outside Oslo

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 To halve poverty by 2014, South Africa must create millions of jobs

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 A fashionista with panache Zenoylse Madikwa

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 Die Bloemfonteinse Kamer van Handel en Nywerheid (BKHN) en die nasionale bemarkingsfonds (NEF)

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 The balancing act of funding technology innovation in the SMME and BEE entrepreneurial regimes Dr Ntokozo Mthembu

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 In the implementation of Black Economic Empowerment policies, Trade and Industry

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 Rival consultant says public sector is doing well Mzwandile Jacks

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 Reinventing the future through research In a mere five years

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 National Empowerment Fund in another historic partnership The National Empowerment Fund

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Penwell Diamini MORE enforcement of the laws and penalties will see the Implementation

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 Mnr. Tor Christian-Hilda, Noorse ambassadeur

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 Reinventing the future through research In a mere five years the University of Johannesburg

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Nontyatyambo Petros looks at what it takes to make your own business work.

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 BEE “Fronting” remains a big problem in the implementation of black economic

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 MORE enforcement of the laws and penalties will see the implementation

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 Companies criticised for failing to genuinely empower black appointments

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 The South African Mining Development Association already it has become a meaningful

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 face serious threats of being undermined by legal uncertainties, unsustainable billing practices and non compliance

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 ‘No blank cheque for doctors’ The Ministerof Heafth, DrAaron Motsoaledi

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 Promoting entrepreneurship and Afrw Img’erovermnent developing small

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 Gauteng Economic Agency (GEDA) is the official agency of

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 AFRO­POP skylark KB Motsi­ lanyane has been caught in the centre

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 National Empowerment Fund was established by the EMPOWERMENT

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 Development finance and SMME support The Western Cape is encouraging entiepreneurship

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 A NEW satellite TV pay channel - Top TV - was launched last night at the Joburg Zoo’s War Memorial

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 TopTV channel hits SA today Patience Bambalele It’s new, it’s cheap and it promises to be a new television

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 Al Gore adds glamOur to launch of new TV satellite station

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 BASIC INDUSTRIALS HURDLES are too HIGH Against all the odds.

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 Sekunjalo Sector: Financial services Revenue: R405m; 

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 On Digital Media chief executive Vino Gorvender says pay-television station TopTV

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 ToplV signs RlOOin BEE deal on eve of first signalAsha Speckman TOPTV

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 Top TV gets R1OOm boost from empowerment fund CHANTELLE BENJAMIN Media Editor SA’s

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Top TV gets R1OOm boost the second national pay television channel Top TV

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A director of a private company, unless the Commissioner directs otherwise

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The mandate of the National Empowerment Fund is to be the catalyst of broad-based black economic empowerment

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The plea from Philisiwe Buthelezi, CEO of the National Empowerment fund

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PARTICIPATING COMPANIES BBQ Awards 2009 Judges: BHP Billiton - Dr Xolani Humphrey

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Photo Album Sponsored by: NATIONAL EMPOWERMENT FUND

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Opening doors for black businesses The National Empowerment Fund works towards

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Titanium S aldanha cost R1,5 for billion are Metals Industries (RMI)

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The Afrikaner yolk of Apartheid chief architect Dr H F Verwoerd had a vision.

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Die nasionale bemagtigingsfonds hot vroeér sy nasionale beleggersopleidingsprogram

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One of four selected coastal areas in South Africa could become home to the world’s first

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 Eastern Cape dairy sets example for successful empowerment projects

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Another in statment in the strategic chemicals industries Leading empowerment agency, the National Empowerment Fund (NEF),

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New Political Mandate In this new term our work as the Department of Trade and industry (DTI) will be shaped

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NEF & IDC to lead the development of titanium & zirconium mineral beneficiation complex RSA Led Venture Plans

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LUZA NEMIS[BENZI UNLELO LOKUTHUTHUKISA IMBONI YENSIMBI BONISWA MOHALE KUNGASE kudaleke amathuha omsebeuzi angu-2 500 uma uhielo luka-R40 million, oluhlongozwa embonini yensunbi luphumelela.

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The Jozini Tiger Lodge Is near Pongola, next to the massive Jozini Dam. Inside, the lodge looks like a top hotel

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In a landmark higher-education initiative, the I National Empowerment Fund (NEF)

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Nestled within indigenous evergreen yet colorful flora JOZINI TIGER LODGE

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In 1963. a rural community in Charlestown, I KwaZulu-Natal, was forcefully removed by the apartheid government

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Established by the National Empowerment Fund Act No 105 of 1998, the NEF is a driver

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Below are some of the details of the portfolio breakdown arising from the direct result of NEF funding

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As a driver of the Codes of Good Practice the NEF has developed

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As a means for facilitating long-term success and ongoing migration into the first economy for Black entrepreneurs

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The National Empowerment Fund (NEF), has embarked on a national roadshow that will reach 74 destinations countrywide

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Rare-Earth Metals, South Africa

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Rare Metals Industries plans to construct a titanium and other rare-earth metals beneficiation complex,

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Cell phone operator A new MTN deal lights a spark of hope that all the big BEE

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Middledrift empowerment dairy launched THE MIDDLEDRIFT DAIRY (PTY) LTD ON THE OUTSKIRTS OF MIDDLEDRIFT IN the former Ciskei

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Powders (BEE party funded at R30 million) is the largest global supplier of both atomized and milled Ferrosilicon (FeSI) with a production capacity of 42000tpa.

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The financing of franchises “remains a key means for Black entrepreneurs to gain access to economic opportunities whilst reducing investment risk.

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Daar is gese On Distal Media (ODM> sal nooit vir MultiChoice kan aanvat nie.

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Forum empowers youngsters with skills.

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Tha National Empowerment Fund (NEF) will have to start fending for itself as government is no longer providing it with financial support, but it is confident it can stand on its own feet.

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SMILES, song and sweltering heat were the hallmarks of last week’s official launch of the Middledrift Dairy – a project borne from a partnership between skilled white farmers and black land owners.

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THE National Empowerment Fund is close to reaching its R2 billion milestone for funding
black entrepreneurs who require finance for startup, expansion and equity transactions.

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KMN.KS. song and sweltering heal were Ihe hallmarks of las! week's official launch of Ihe Middledrifl Dairy a project borne from a partnership between skilled white farmers and black land owners.

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THE National Empowerment Fund is close to reaching its R2 billion milestone for funding black entrepreneurs who require finance for start-up, expansion and equity transactions.

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Any information you might need to start or run your business effectively is out (here — and for the most part it is free. Here are a few Ideas.
 

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The breathtaking Lake Jozini in Kwa-zulu Natai's northern hinterland now boasts a R100 million 4-star hotel dubbed the Jozini Tiger Lodge, managed by burgeoning Durban-based hotel operators, Signature Life Hospitality.

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$1,21n rare-earth metals beneficiation complex planned for South Africa

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TRADE and Industry Minister Rob Davies wants funding from the Land Bank and Industrial Development Corporation (IDC) in place by the end of the next financial year to fund a massive afforestation programme in the Eastern Cape and KwaZuluNatal.

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Science and Technology Minister Naledi Pandor says her department is looking at the
possibility of reactivating and re-establishing space rocket launch facilities in South Africa,
confirming a statement by an official in Parliament last year.

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The Industrial Development Corporation and the National Empowerment Fund are working with US-Russian consortium Magnesium and Metals to build a US$1.2-billion (about R9.2-billion) rare metals refinery in South Africa.

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Klerksdorp - Noyana's Management Consultancy (Ply) Lid, a very successful Johannesburg based company, has opened a branch in Klerksdorp. A long-time resident of Klerksdorp, Casper Minnaar, heads up the Klerksdorp office.

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A handful of parents across the Watcrbcrg arc very much likely lo have invested lifetime savings into companies such as MTN through the National Empowerment Fund (NEF).

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 Budget funds to stimulate targeted areas of the manufacturing sector could soon

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One hundred and forty-five Grade 12 accountancy learners from 18 schools in and around Durban wfll enter the matnc examination with confidence after attending this years Deloitte Protect Siyakhula (Siyakhula means ~we are growing) programme, in its ninth year, learners from previous years are applying for employment at Deloitte to complete their training contacts and qualify as a Chartered

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There has been a lol ot coverage of Bus Rapid Transit Systems, or BRTs as commonly abbreviated, m South

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Richards Bay is one of the possible sites for a world-first integrated pure metals refinery plant producing titanium, zirco-C i . magnesium and silicon, with the respecderivative products.

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The 8' annual Metropolitan Oliver Empowerment Awards (MOEA). South Africa's foremost Black Economic Empowerment (BEE) awards ceremony, was held at the Sandton Convention Centre on 19 March 2009.

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How can businesses be improved through BEE?
Keith Levenstein. chief executive officer of EconoBEE. comments on the lack of understanding of black economic empowerment at grassroots level, and how small startups can benefit from the Broadbase BEE Act.

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Emerging contractors in the building and construction industries can now benefit from a vital enabling incentive in the form of the Contractor Development Programme (CDP). The programme is set to create a pool of capable, sustainable, self-sufficient and highly skilled contractors able to compete with the best in infrastructure development.  read more

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Organisations: khula Enterprise (MENTION), National Empowerment Fund (MENTION)
Interviews/Quoted: Mario Oriani-Ambrosini (RECORDED)...read more

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Cape Town - The JSE market capitalisation of broad-based empowerment deals has fallen to 3% this year from 9% in 2008 owing to the weak economy,said National Empowerment Fund (NEF) CEO, Phillisiwe Buthelezi.....read more

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‘BEE is not just I about handouts’ Penwell Diamini BLACK economic empowerment is not all about glitz and glamour hard work is also part of the deal. Sandile Sikhosana is the managing director of Ayobayo Foods, which was funded by the National Empowerment Fund (NEF), enabling him to open the franchise in Tembisa last year. Ayobayo Foods is a subsidiary of the Dulcé Cafe group, which specialises in coffee shops. Ayobayo specialises in traditional cuisine......read more

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SEmpowerment fund hits R1bn milestone LINDA ENSOR Political Correspondent CAPE TOWN — The National Empowerment Fund (NEF) had exceeded its Rlbn approval milestone by the end of last month, five years after it became operational. It has been especially helpful to black entrepreneurs during the global economic crisis. The fund was established to provide investment funding to black empowered businesses and investment opportunities for black individuals, and since its inception to the end of last...read more

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SEB-aandeel in JSE kwyn Swak ekonomie sny markkapitalisasie tot 3% Jean-Marie de WaaI, Kaapscad Swart aandeethouers se sny van die JSE-koek krimp. Die JSE-markkapitalisasie van bemagtigingstransaksies met ‘n breë basis het na raming van 9”1 in 2008 tot 3% in 2009 gedaal weens die swak ekonomie, sé me. Phillisiwe Buthelezi, u itvoerende hoof van die nasionale bemagtigingsfonds (NEF’). Verlede jaar is R36,5 miljard se bemagtigingstransaksies onder. neezn, waarvan R23,3 miljard se transaksies.....read more

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SEB-aandeel in JSE kwyn Swak ekonomie sny markkapitalisasie tot 3% Jean-Marie de WaaI, Kaapscad Swart aandeethouers se sny van die JSE-koek krimp. Die JSE-markkapitalisasie van bemagtigingstransaksies met ‘n breë basis het na raming van 9”1 in 2008 tot 3% in 2009 gedaal weens die swak ekonomie, sé me. Phillisiwe Buthelezi, u itvoerende hoof van die nasionale bemagtigingsfonds (NEF’). Verlede jaar is R36,5 miljard se bemagtigingstransaksies onder. neezn, waarvan R23,3 miljard se transaksies.....read more

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Organisations: khula Limited (VISUAL), National Empowerment Fund (VISUAL), Parliamentary porfolio Commitee on trade and industry (VISUAL)
 
Interviews/Quoted: Mario Ambrosini (RECORDED)
 
Duration: 00:01:06....read more

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Meet the visionaries who are shaping th e future of South A frica The Stadium is Set Mr. Joseph Tshawe, founder as well as 45% shareholder of Homeless Construction, arrived at the IDC with a Letter of Award from Tshwane Municipality worth R55 million to refurbish the Loftus Stadium to world-class FlEA requirements for the 2010 World Cup. He needed a Performance Guarantee of R5,4 million and a hefty sum to buy equipment and pay workers before he could begin the project.....read more

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Topic: Presenter commentary - General issues

Presenter: Semeyi Zake Guest(s): Frencel Gillion Summit TV speaks to Frencel Gillion from the National Empowerment Fund (NEF) about the online tools they’re offering to help small business entrepreneurs with their planning and financial control Semeyi Zake: Welcome to business IQ. The National Empowerment Fund recently launched an online business planner - that’s a tool for small businesses to plan and for financial projection purposes. This is meant to help a sector under immense pressure in So....read more

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More shares for previously disadvantaged Johnny Masilela The African Bank Limited’s (Abil) Hlumisa share scheme has thrown open an additional share offer to ordinary people who last year invested in the initiative. An SMS circulated last weekend informing shareholders that a letter and circular setting out details had been posted. A month agoAbil announced plans to off-load further shares to previously disadvantaged individuals and groups, this time at a whopping discount of 7O% per share...read more

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Presenter: Semeyi Zake Guest(s): Frencel Gillion Summit TV speaks to Frencel Gillion from the National Empowerment Fund (NEF) about the online tools they’re offering to help small business entrepreneurs with their planning and financial control Semeyi Zake: Welcome to business IQ. The National Empowerment Fund recently launched an online business planner - that’s a tool for small businesses to plan and for financial projection purposes. This is meant to help a sector under immense pressure in So....read more

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- A BLACK JACK Vuyo Jack QN A TRIP around the country interacting with people from all spheres of life I made certain observations. I travelled through the Eastern Cape, KwaZulu-Natai and Limpopo so I could understand the views of people on black economic empowerment (BEE). Most small businesses and people in • the corporate world have felt the pressure of BEE falling through the procurement element, which enables them to have a basic understanding of BEE. The reality is that, whether yo ....read more
 

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Useful links for women in business Listed below are all the contacts you need for research, stat isti Cs, background as well as the portals to start your very own firm. READING MATERIAL The Centre for Conflict Resolution: Women and Peace Building in Africa.’ http://wwwccruct.ac.za/ ti/eadmin/temp/ate/ccr/pdf/l/oL_9-WPA_ReporL FinaL Web-smal/.pdf, 27 and 28 October 2005 The Office on the Status of Women: ‘South Africab National Policy Framework tor Women Empowerment and Gender Equality....read more

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National Empowerment Fund jjhe NEF wishes to congratulate Top Women in Business & Government for consistently showcasing the talented business women of South Africa. The goals and intentions of this publications directly relates to our priorities of empowering South African women from all walks of life who endeavour to become top business women by contributing to the country economy. Addressing the barriers As a catalyst for Broad-Based Black Economic Empowerment the National Empowerment Fund....read more

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CORPORATE ADVERTORIAL NATIONM EMPOWERMENT I FUND The fighting spirit of women NEF speaks of its aims to bring women into the mainstream in business TODAY, AS GUARDIANS OF AN HISTORIC AND NOBLE CAUSE, THE NEF JOINS THE NATION IN APPLAUDING THE MANY WOMEN WHO CONTINUE TO PUSH THE BARRIERS IN THEIR RESOLVE TO JOIN THE ECONOMIC MAINSTREAM. As our nation marks Women’s Month to celebrate the dignity, the grace and epic heroism of women in our society, the National Empowerment Fund ....read more

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CORPORATE PROFILE www nelcorp CO:zav ‘ NAT1ONA EMPOWERMENT FUND In 1992, Philisiwe came back to South Africa and joined the supervision arm of the South African Reserve Bank. The following year she joined the treasury division of Standard Corp and Merchant Bank (SCMB) as a dealer, trading the Financial Rand. The scrapping of the Fin Rand moved her to another post, where she became the first black female South African to become a corporate dealer at SCMB. In 2002 she was appointed as chief dir....read more

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SA playing catch-up in entrepreneurial stakes DAVID MWANAMBUYU INVESTIGATES HOW SUCCESSFUL WOMEN- OWNED BUSINESSES IN SOUTH AFRICA ARE AND THE AREAS IN WHICH THEY LACK. HIS FINDINGS AS PRE-EMPTED WERE QUITE SHOCKING. NOW EXPOSED, HE ESPOUSES HOW BEST TO OVERCOME IT. The state of entrepreneurship in South Africa is not a healthy one. In spite of this being the official version, it comes as a surprise for a country with high levels of unemployment, in which there is an urgent need for....read more

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Topic: Interview with Frencel Grillion from NEF about online business plan...read more

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Summit TV speaks to Frencel Gillion from the National Empowerment Fund (NEF) about the online tools they’re offering to help small business entrepreneurs with their planning and financial control ....read more

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When MTN shares were made available to the public through the Asonge black economic empowerment (BEE) scheme in 2007, they were oversubscribed by just 13%. A year later, Sasol's Inzalo scheme and Vodacom's YeboYethu offer were each three times oversubscribed....read more

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When MTN shares were made available to the public through the Asonge black economic empowerment (BEE) scheme in 2007, they were oversubscribed by just 13%. A year later, Sasol's Inzalo scheme and Vodacom's YeboYethu offer were each three times oversubscribed....read more

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Leading empowerment agency, the National Empowerment Fund (NEF) has announced the conclusion of a ZAR41.9-million investment deal to finance a 100% buy-out of Colliery Dust Control (Pty) Ltd (CDC)...read more

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Dust control deal sealed The National Empowerment Fund (NEF) has concluded an investment deal to finance the 100% buy-out of a manufacturer of colliery dust control systems by an empowerment consortium. The R41 9-million investment involves a partnership between the consortium, which is led by Babalwa Geza, and the existing management of Colliery Dust Control (CDC)...read more

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KWAZU LU-NATAL majuba Berries op die plaas Belfast digby Charlestown in KwaZuluNatal is ‘n gemeenskapsontwikelingsprojek wat daarop gemik is om 60 hektaar framboosbessies onder beskerming te verbou. Die projek geniet die ondersteuning van die IDC (voorheen die Nywerheidsontwikkelingskorporasie), die Nasionale Bemagtigingsfonds en die Prosperity Trust (‘n private aandeelhouer) en is ten bate van die Charlestown-gemeenskapstrust van stapel gestuur...read more

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The National Empowerment Fund (NEF) has invested R 50 million
in South African satellite systems manufacturer SunSpace and Information Systems
(SunSpace), to allow it to increase its capacity and improve...read more

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 It is now only one day before South Africa's SumbandilaSat launches into space atop a Russian Soyuz rocket at Baikonur in Kazakhstan.The 81 kg microsatellite, which is about 1m x 0, 5 m in size, will lift off into space on 15 September 2009 from the Baikonur space base where it is being integrated into the Soyuz rocket...read more

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Organisations: National Empowerment Fund (MENTION), Stellenbosch University (MENTION), SumbandilaSat (MENTION), Sunspace (MENTION)
  
Interviews/Quoted: Themba Vilakazi (LIVE)
 
Duration: 00:06:36

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Jabulani Diamini IF you are an aspiring business owner then you can use any other excuse why your business is not getting off the ground, except lack of funding. This is because the National Empowerment Fund (NEF) Is but one of many government agencies set up to provide access to much needed start-up capital for entrepreneurs. Nathan Nadasan. NEF post investment manager, said the NEF existed primarily to promote black participation in the mainstream economy through the broad-based black ... read more

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Topic: Discussion about National Empowerment Fund
 
Organisations: DTI, IDC, khula Enterprise , National Empowerment Fund
Interviews/Quoted: Emmanuel Mohlame (LIVE)
Duration: 00:07:24
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Topic: Business news 
 
Organisations: Naamsa, National Empowerment Fund
Interviews/Quoted: Moemise Motsepe (LIVE), Slyvester Mabalane (LIVE)
Duration: 00:03:50
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Topic: Discussing the programmes of the National Empowerment Fund
 
Organisations: Dept Trade & Industry, National Empowerment Fund
Interviews/Quoted: Moemisi Motsepe (LIVE)
Duration: 00:07:38
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Organisations: National Empowerment Fund
Interviews/Quoted: Nathan Nadasan (RECORDED)
Duration: 00:02:27
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Topic: DTI is holding a trading conference in Soweto Campus

Organisations: COOLER (SIC), DTI, IDC, National Empowerment Fund, SEDA, Soweto Campus, University of JHB
Interviews/Quoted: Takalani Thambani (RECORDED)
Duration: 00:01:08 
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Topic: Discussion about National Empowerment Fund continues 
 
Organisations: IDC, National Empowerment Fund
Interviews/Quoted: Emmanuel Mohlame (LIVE)
Duration: 00:08:42 
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MTN deal `requires cabinet stamp` Lack of BEE `is of concern` September 15, 2009By Reuters and Thabiso MochikoThe proposed tie-up between MTN and India`s Bharti Airtel needed cabinet approval, a senior government official said yesterday as the deal entered a critical week. The statement came as a team from the Indian firm met stakeholders in South Africa, according to a source who said it was possible that the talks could extend a few days past a September 30 deadline
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WHAT CAN DEVELOPMENT FINANCE DO FOR YOU? THERE ARE A VARIETY OF DEVELOPMENT FINANCE INSTRUMENTS AVAILABLE TO SMEs — BUT YOU NEED TO KNOW WHICH ONE YOU QUALIFY FOR. BY JULIET PITMAN T’ he practicalities of funding a business can be overwhelming. Funds targeted at industries and businesses which contribute to the economic development of the country are known as development funds, and are largely supported by government institutions. They are aligned with key national ... read more

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NEF rewards MTN investors to stimulate savings culture Thabiso Mochiko ASONGE shareholders, who bought a stake in MTN two years ago and have resisted the temptation to sell their shares, will at the end of this month be rewarded one bonus share for every 10 ordinary shares held. Based on MTN’s closing share price of R126.11 a share yesterday, the Asonge shareholding is worth Just over R1.5 billion. The National Empowerment Fund (NEF) origInally bought the shares for R171 million ... read more

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Date: 2007/06/13
Publication: Business Report
Journalist: Mzwandile Jacks

 MENSE GESIG AGTER DIE SYFERS: LWAZI BAM Op pad na groot dinge... met ‘n anderse perspektief. MENSE IN DIE BEDRYF stem saam dat Lwazi Barn na groot dinge op pad is. Op38 staan by reeds aan die hoof van Deloitte se afdeling vir korporatiewe uinansiering. Sean McPhee, ‘n vennoot in dieselfde afdeling, sê: “Dat hy so jonk a! soveel bereik bet, getuig van sy vermoë en sterk karakter. Hy is indrukwekkend, maar nederig ondanks wat hy a! bereik het. ... read more

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Wham Barn, thank you rnan! ‘Now a controlling (empowerment) stake means they want to be involved in running the business’ INDUSTRY PlAYERS AGREE Lwazi Barn is heading for big things. Aged 38, he already heads the corporate finance division at Deloitte. Sean McPhee, a partner in the same division, says: “To have achieved so much at such a young age is testament to his ability and strength of character.... read more  

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New plan to grow black businesses THE National Em powerment Fund (NEF) last week rolled out its new Business Planner and Mentor- ship Programme at the Premiers Office. Business people met at the office for the launch that will see more black people grow their businesses. The NEF is there to provide equal ownership among black people.” said Chief Investment Officer Frencel Gillion.... read more

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MEDIA STATEMENT

Leading empowerment facilitator, the National Empowerment Fund (NEF), has announced that the NEF Asonge Share Scheme investors who participated in its historic public share offer two years ago are about to be rewarded for their resolve in having stayed invested. In September 2007 the National Empowerment Fund, an agency of the dti, offered half of its 1,5% shareholding in MTN to Black (African Coloured and Indian) investors at a 20% discounted retail price as part of its mandate to promote a culture of savings and investment among Black people in South Africa. ... read more

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More South Africans want to start or expand their own businesses, but their dreams often come to nought when they cannot find finance.

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Tomato sauce maker All Joy Foods is in the red and will be aiming at raising R15m through a rights offer, to provide much needed working capital to repay debt.

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There is a new acronym that has been identified, Cotii – the Council of Trade and Industry Institutions.

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Sasol’s recently unveiled black economic empowerment (BEE) transaction has been welcomed with open arms by analysts who were generally impressed by its well-structured and comprehensive nature.

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Ike Nxedlana, CEO of Ithala Finance Development Corporation has realized the need to come up with an urgent strategy to recoup loan repayment arrears.

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Transport problems in the eastern part of the province will soon be a thing of the past as the Eastern Cape government has invested millions rands in buses for a period of seven years.

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Black economic empowerment has seen an interesting journey including the recently announced Sasol Inzalo transaction.

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