Investee Stories

As at June 2013, the NEF had approved over R5.05 billion for black-empowered enterprises countrywide, in various economic sectors. 

Below is a sample of these investments:


Funding Solutions
Berlin Beef (R26.8 million)

Project summary

Berlin Beef is the first black-owned feedlot in the Eastern Cape. The company is structured as follows: the Ndlazi Family Trust holds 30%, the technical partner, Bruce and Glen Family Trust, jointly owns 45% and the Workers‘ Trust 10%. The project cost is R40.6 million; NEF’s contribution to the investment is R26.8 million senior debt.

 

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