NEF and Solidarity Fund To Provide Looted Businesses in KZN and Gauteng An Additional R450 Million in Business Relief

DURBAN – THE National Empowerment Fund (NEF) and the Solidarity Fund’s Humanitarian Crisis Relief Fund (HCRF) have announced a joint financial relief programme to support small, medium and micro enterprises (SMMEs) to recover from the devastating riots and unrest in KwaZulu-Natal and some parts of Gauteng which broke out in July this year.

The NEF and Solidarity Fund said the R450 million fund was the first collaboration between the two organisations. Philisiwe Mthethwa, chief executive of the NEF, said the businesses in need of the funding support would have to demonstrate they were negatively impacted by the riots and unrest in both provinces…

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