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NEF re-opens funding for black entrepreneurs, – Zululand Fever

NEF re-opens funding for black entrepreneurs, – Zululand Fever

In the week that South Africa celebrates 20 years of freedom and democracy, the aspirations of black entrepreneurs were placed at the heart of the country’s transformation agenda when leading development financier, the National Empowerment Fund (NEF), announced a Board resolution following consultations with the Department of Trade and Industry (DTIC) and National Treasury “to re-open funding for black-owned and managed businesses requiring financial support for start-up, expansion, and equity transformation purposes, using existing reserves and the anticipated new capital,” says Chief Executive, Ms Philisiwe Mthethwa.

Established by the National Empowerment Fund Act No 105 of 1998, the NEF is a driver and a thought-leader in promoting and facilitating black economic participation through the provision of financial and non-financial support to black empowered businesses, as well as by promoting a culture of savings and investment among black people.



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