National Empowerment Fund

National Empowerment Fund

Financial Services

Johannesburg, Gauteng 8,235 followers

Growing Black Economic Participation

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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
http://www.nefcorp.co.za
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

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    National Empowerment Fund

    8,235 followers

    The NEF is proud to support black entrepreneurs who are transforming the student housing landscape. With R300 million invested to date, we are bridging gaps in quality and accessible housing, empowering students to thrive in their education. Thank you, Mr Mia, for highlighting our ongoing commitment to collaboration with NSFAS and addressing sector challenges.

    View profile for Muhammed Mia, graphic
    Muhammed Mia

    Chief Risk Officer at National Empowerment Fund

    🎓 Empowering Education Through Providing Quality Student Accommodation On December 17th and 18th 2024 the NEF (National Empowerment Fund) had the privilege of addressing student accommodation providers at an event hosted in Durban by NSFAS. The NEF recognised the critical shortage of adequate and affordable student housing for underprivileged students as far back as 2018. To address this, we committed to supporting black entrepreneurs in the student accommodation sector by taking on early development risks and providing much-needed equity support to those new to the industry. 📊 Our Impact: To date, the NEF has invested approximately R300 million in student accommodation projects, with investments spanning Gauteng, Northern Cape, and Eastern Cape. These efforts have helped bridge the gap in accessible and quality accommodation, ensuring students have a safe and conducive environment to pursue their education. 💬 Challenges Raised: During the session, service providers voiced concerns about delays in payments from NSFAS.The leadership of NSFAS acknowledged these challenges and had a dedicated team present at the event to assist service providers dealing with payment challenges directly. In addition, service provider were requested to provide inputs regarding challenges facing the sector. NSFAS are also looking at ways of improving the payment process for the 2025 year. 🤝 Looking Ahead: The NEF remains committed to fostering impactful partnerships in the student accommodation sector. We look forward to collaborating with NSFAS in 2025 to further support entrepreneurs and enhance the availability of student housing for those who need it most. Together, we can create a lasting impact in the education sector and empower the next generation of leaders. #StudentAccommodation #NSFAS #NEF #Entrepreneurship #EducationEmpowerment #Collaboration #ImpactInvesting #Transformation

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    National Empowerment Fund

    8,235 followers

    The National Empowerment Fund celebrates the ongoing achievements of Ms Dipuo Phakathi, CEO of DeNic Cabinets, who spoke at the Africa Investment Forum in Morocco late last year. Denic cabinet manufactures bespoke kitchen units, built-in cupboards, and custom cabinetry. The NEF’s R2.7M investment has helped expand operations, including investing in cutting-edge machinery and creating more job opportunities. Ms Phakathi’s insights into overcoming barriers to finance and scaling a women-led business inspire entrepreneurs across the continent. As we move into 2025, her story is a reminder of the transformative power of investing in women entrepreneurs. Join us in celebrating this milestone and continuing the conversation on empowering women in business. 🌍 #WomenEmpowerment #Entrepreneurship #NEFImpact

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    National Empowerment Fund

    8,235 followers

    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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    National Empowerment Fund

    8,235 followers

    📢 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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    National Empowerment Fund

    8,235 followers

    🏆 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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    National Empowerment Fund

    8,235 followers

    🌍 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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    National Empowerment Fund

    8,235 followers

    💡 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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