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 NON-FINANCIAL SUPPORT    

a. Pre-Investment Business Support Unit

Applications for funding may be excellent entrepreneurs, but often struggle to navigate the necessary application procedures and manage their businesses. The NEF therefore assists with funding advice, business planning and general assistance to help ensure that applications are of sufficient quality to complete all steps in the application process.The first point of contact for many potential clients, the PIU’s primary functions are to:

• Provide information on NEF products and procedures
• Control and assist in drawing up funding applications
• Identify applications that will qualify for funding
• Keep clients informed on the progress of their applications
• Advise applicants and assist with drawing up business plans

 


 b. Post-Investments Business Support Unit    

Black businesses need to be robust and self-sustaining for BB-BEE to succeed. Recognising this fact, the NEF established structures to monitor its clients for risk and provide advice when needed. Although start-ups are inherently higher risk, the rewards for success are jobs and increased capital for further start-ups.

The unit is responsible for:
• Monitoring and preparing management information on investments
• Administering investment contracts
• Coordinating mentorship programmes
• Facilitating investment valuations with fund managers
• Working with distressed assets and recommend solutions such as liquidations, turnarounds and restructurings
• Conducting strategic reviews

 


c. Legal Services Unit

The LSU provides legal services to the entire NEF and drafts legal agreements, assists with due diligence reviews and registers necessary documents. 


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