The National Empowerment Fund supports black businesses with capital from R250 000 to 75 million
- hustlersnetworking
- Apr 14, 2022
- 1 min read
Updated: Apr 18, 2022
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About the Opportunity:
The NEF has been exclusively mandated to grow B-BBEE. The NEF funding budget across all sectors of the south African economy is from R250 000 to R75 million depending on the size and needs of your business project.
The NEF was established by the National Empowerment Fund Act No. 105 of 1998, which mandates the NEF to drive thought leadership in promoting and facilitating black economic participation through financial and non-financial support to black owned and managed businesses as well as promoting a culture of savings and investment among black people.
The NEF has already funded business in these sectors manufacture railway components, steel wheels and rims, roof tiles, bricks, cement, furniture, pesticides, condoms, building panels and much more. Others have built hospitals, houses, shopping malls, office parks, hotels and lodges, placing them at the forefront of building an inclusive economy which helped to create more than 103 081 jobs across in South Africa.
The kinds of businesses that the NEF supports:
Black businesses in all sectors
For me information please visit:
To apply please use the following contacts:
Email: applications@nefcorp.co.za
Tel: 0861 843 633 (0861 THE NEF)/ 011 305 8000
Address: West, Block 187 Rivonia Rd, Sandton, 2057
My name is Ntombi Elizabeth Khunou owner of Mathabatha Mobile Car Wash, which owns by two Youth Male and Female we have been trying to apply for Funds I have try to apply for Fundings since last to NEF even now you guys don't tell me anything. My business is affected by looting last year on 12 July 2021 since then isn't doing so well because I was looted my Equipments and machine now I can't even attend all my clients as before please help me out, I also tried everything I can.