NEF gives black entrepreneurs a helping hand,GOVERNMENT PUBLICATIONS: Vuk`uzenzele
NEF gives black entrepreneurs a helping hand, GOVERNMENT PUBLICATIONS: Vuk`uzenzele Page 13
The National Empowerment Fund (NEF) has to date approved R4.5 billion in funding for black entrepreneurs in different sectors of the economy. In its funding model, the NEF has developed finance products ranging from R250 000 to R75 million for black entrepreneurs wanting to start new businesses or grow existing ones. The NEF is one of the 14 agencies under the Department of Trade and Industry established to promote and facilitate black economic participation by providing financial and nonfinancial support to black empowered businesses.
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