Imbewu’s procurement finance product is a debt product aimed at financing working capital requirements associated with procurement contracts. The product enables BEE groups to access preferential procurement opportunities whilst simultaneously providing mechanisms aimed at mitigating NEF investment risk.

The key features of the NEF product would be as follows:

• Primarily short to medium term debt product

• Repayment terms matched to contract terms

• NEF funding generally limited to R10m

• Active BEE management participation

• Minimum black ownership of 50.1%

• Industry knowledge within the Borrower’s management structure

• NEF will seek to co-finance with commercial banks to mitigate risk

• NEF reserves the right to oblige applicant to participate in the NEF
  mentorship programme