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