2.  New Venture Finance
This product provides capital of R5 million to R25 million per project for BEE parties seeking to participate in medium-sized greenfields projects with total funding requests of between R10 million and R200 million.

The key criteria of this product are:
  • Minimum 25.1% BEE shareholding

  • Investment instruments can include a combination of debt, equity and mezzanine finance in support of BEE

  • BEE-specific financial contribution assessed on a case-by-case basis

  • NEF exposure to the project generally not to exceed 50% of total project costs

  • Proven management experience within consortium

  • Active BEE involvement in investee companies

Debt funding raised from the market to match equity funding provided by NEF and other project sponsors
  • The NEF investment horizon is 5 to 10 years

  • Security to include personal guarantees

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