1. Entrepreneurship Finance
The Entrepreneurship Finance product is aimed at providing startup and expansion capital to new and early-stage businesses that are owned and managed by black people.

The key criteria of this product are:
  • BEE applicants should be actively involved in the day-to-day management of the business

  • Minimum black ownership of 50.1% is a requirement

  • Business and/or industry experience by black entrepreneurs is also considered

  • The NEF reserves the right to oblige applicants to participate in the NEF mentorship programme where there is lack of business and/or Industry experience

  • The business should be able to repay NEF’s investment

  • Funding Instruments include term-loans, shares and other structures with ordinary share characteristics

  • NEF funding is charged at prime linked interest rates

  • Business must have a clear value-add with a sound business case

  • Maximum NEF funding is R10 million

  • The NEF will exit from the investment in 5 to 7 years

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