Happy Holidays #NEF #NEFFunding #WEF
National Empowerment Fund
Financial Services
Johannesburg, Gauteng 7,990 followers
Growing Black Economic Participation
About us
NEF Mandate: Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by promoting a culture of savings and investment among black people. NEF business funding is from R250 000 to R75 million and where the funding requirement is greater, this is normally financed through third-party support. As at November 2021 the NEF had approved in excess of R11.2 billion across various sectors country-wide, with a total project value of R20.37 billion, supporting over 105 949 jobs. Investment Funds: NEF funding is obtainable from the following specialist Funds: 1. The Women Empowerment Fund (WEF) facilitates the provision of funding to businesses owned and managed by black women across a range of sectors for start-up, expansion and equity acquisition purposes. 2. iMbewu Fund supports black SMEs for franchise, procurement and entrepreneurship finance in support of new and existing black-owned businesses seeking to expand through debt, quasi-equity and equity finance products. 3. uMnotho Fund is designed to improve access to BEE capital through Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. These products provide capital to black-owned and managed enterprises that are buying equity shares in established enterprises, new ventures and expansions. 4. The Rural, Township and Community Development Fund (RTCDF) provides funding to aspiring rural entrepreneurs and facilitates skills transfer to and operational involvement by community groups. 5. The Strategic Projects Fund (SPF) is mandated to increase the participation of potential black industrialists in early-stage projects in order to maximise South Africa's industrial productive capacity across key economic sectors.
- Website
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http://www.nefcorp.co.za
External link for National Empowerment Fund
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Johannesburg, Gauteng
- Type
- Government Agency
- Founded
- 1998
- Specialties
- Asset Management, Fund Management, Financial and non-financial solutions, A leader in venture capital finance, A catalyst for Broad-Based Black Economic Empowerment, Women Empowerment Fund (WEF), Entrepreneurship Finance, Acquisition Finance, Expansion Capital, Capital Markets, Liquidity & Warehousing, Procurement Finance, Franchise Finance, New Venture Capital, Expansion Capital, Arts and Culture Venture Capital, Tourism Transformation Fund, Strategic Projects Fund, Rural, Township and Community Development Fund, iMbewu Fund, uMnotho Fund, Funding Instruments, Pre-Investment Unit (PIU), Post-Investment Business Support Unit (POIU), Growing Black Economic Participation, Black Business Manufacturing Fund , Enterprise and Supplier Development, NEF COVID-19 Economic Distress Fund, Codes of Good Practice, and An academy of excellence
Locations
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Primary
Get directions
187 Rivonia Road
Johannesburg, Gauteng 2196, ZA
Employees at National Empowerment Fund
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Simphiwe Kanityi
Social Media Officer
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Nthato Owen Makhubo
Marketing Coordinator at National Empowerment Fund
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Olwethu Mafanya
Investment Banker | Private Equity | Family Office | Principal | Director | Non Executive Director | Oxford MBA
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Hulisani Makhuvha
Investment Associate at National Empowerment Fund
Updates
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NEF Empowers Makwande Supply & Distribution with a Major Investment We are proud of our transformative partnership with Makwande Energy Trading , a 100% black woman-owned business in the petroleum logistics industry. Whilst based in Gauteng the business has depots in various provinces such as Mpumalanga, Free State and Limpopo. 🚛 Since its establishment in 2009, Makwande has grown into a leading name, managing contracts with industry giants and creating jobs across South Africa. With NEF’s funding, they’re expanding operations, creating more jobs, and enhancing their infrastructure. “This investment has enabled us to expand our operations, enhance service delivery, and create more jobs in our community,” says owner Ms Nona Chili. At NEF, we’re committed to empowering businesses like Makwande that drive local economic development and transformation. Together, we’re building a brighter, more inclusive future for South Africa. 🌍💼 #Empowerment #EconomicTransformation #WomenInBusiness
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📢 A Milestone for Economic Transformation The National Empowerment Fund (NEF) and the B-BBEE Commission have signed a landmark Memorandum of Agreement (MoA) to strengthen collaboration in advancing black economic empowerment and promoting inclusive growth. Key focus areas include capacity building, information sharing, and resource alignment to enhance compliance and advocacy under the B-BBEE Act. 🎥 Watch this 5-minute highlight video showcasing the shared commitment of both organisations to drive economic transformation and support black entrepreneurs across South Africa. #EconomicInclusion #BBEE #Transformation #NEF #Collaboration #Empowerment
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🏆 Award-Winning Commitment to Economic Sustainability The NEF is proud to announce that we’ve received the ‘Distressed Finance Award’ from the Turnaround Management Association of Southern Africa. This recognition celebrates our efforts in business rescue, job preservation, and economic development. Through our Turnaround, Workouts, and Restructuring (TWR) Unit, which is steered by Ms Karishma Maharaj, we provide vital financial support and implement strategic measures to help distressed businesses survive and thrive. This achievement highlights our dedication to fostering economic inclusivity and empowering South Africa's entrepreneurs. 💬 NEF Acting CEO, Mzi Dayimani: “This award is a tribute to the resilience of the businesses we support and the dedication of our TWR team. We remain committed to driving transformation and sustainability across South Africa.” Thank you to TMA-SA, CEO Mr Tiaan Herbst and industry leaders for this honour. Together, we’re shaping a brighter, more inclusive economy! #BusinessRescue #EconomicSustainability #LeadershipInFinance #NEFImpact
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🌍 Strengthening Township Economies Webinar Manufacturers and Wholesalers are invited to join the Presidential Initiative aimed at tackling pricing and quality challenges faced by spaza shops in townships. By collaborating, we can: 🔹 Empower small businesses with competitive pricing 🔹 Ensure access to safe, high-quality products 🔹 Support sustainable development and local economies 📅 Date: Tuesday, 10 December 2024 ⏰ Time: 15:00 💻 Microsoft Teams - https://bit.ly/3BnwOP8 Your partnership is key to building healthier, thriving communities across South Africa. #SupportLocal #TownshipEconomy #SustainableDevelopment #SpazaShops
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The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (B-BBEE) Commission are excited to announce a significant partnership with the signing of a Memorandum of Agreement (MoA). Please join us live for this signing ceremony via the link below: https://lnkd.in/dJf6RKQr
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💡 Happening Tomorrow! 💡 The National Empowerment Fund (NEF) is excited to participate in the Women Economic Assembly Tourism Sector Online Information Sharing Session. 📅 Date: 4 December 2024 ⏰ Time: 10:30 AM - 12:00 PM 🌐 Location: Online ✨ Key Takeaways: Discover funding opportunities with the NEF. Learn about tourism growth incentives from the Department of Tourism. Explore international trade and investment opportunities. Gain insights into women empowerment initiatives in tourism with WiT. It’s not too late— you can still join the conversation! 👉 Please connect on this link https://lnkd.in/dx7W-XmN
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#ICYMI: Last week, the Gauteng Partnership Fund (GPF), the National Empowerment Fund (NEF) and MAPCHIEF TRADING officially launched the R56.5 million Haborona Student Rez in Pretoria Gardens. NEF uMnotho Fund Investment Principal Mr Khayelihle Sibiya CA(SA), MEC for Human Settlements in Gauteng, Hon Tasneem Motara. Chairperson of the GPF Board of Trustees, Mr Craig Cornish, CEO of the GPF, Ms Lindiwe Kwele all officiated the ceremony. 🏘️ This project provides housing for 308 students near Tshwane University of Technology, addressing the pressing need for quality student accommodation in Gauteng. It’s a win for education, empowerment, and economic growth! With energy-efficient features, free Wi-Fi, and secure living, this development sets a new standard for student housing. 👏 Kudos to Mapchief Trading and it's shareholders, who are first-time property developers, for their vision and commitment.
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Earlier today, the National Empowerment Fund’s Acting Chief Executive Officer Mr Mzi Dayimani participated in a panel discussion at the Small Business Development Ministry’s National Presidential MSME and Co-operatives Summit at the Gallagher Convention Centre, on the revitalisation of the township economy. The panel was facilitated by veteran journalist and anti-apartheid activist Dr Thami Mazwai who also authored the book “The Journey of the Soweto Entrepreneurs since 1905”. Panel members included: Ms Ercília Mata Ubisse, Southern Africa Regional Chapter Head, Network of Development Entrepreneurs (ANDE) Ms Juliet Miyabo, Founder and CEO of Township Economy Development Community of South Africa (TEDCOSA) Ms Rosheda Muller, Entrepreneur and Activist, NITASA Ms Vusi Vokwana Founder and Director of Kasi Catalyst You can catch a snippet of the discussion on our Instagram page.https://https://lnkd.in/dFifzhYJ