R35 million boost to a cement blending company to purchase plant
SOUTH AFRICAN BUILDER Page 12
The National Empowerment Fund (NEF) has advanced R35 million to Value Cement, a cement blending company. The company is black owned and blends, produces and sells cement to a wide range of customers across the country, and has a strong pipeline of customers in the SADC region also interested in their products.
The funding was facilitated through “Umnotho Fund”, a funding vehicle within the organisation that is designed to increase access to BEE capital.
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