National Empowerment Fund, SOUTH AFRICAN BUSINESS
SOUTH AFRICAN BUSINESS Page 224
The NEF promotes black economic participation.
Mandate Established by the NationaL Empowerment Fund Act No 105 of 1998, the NEF is a driver and a thought-Leader in promoting and facilitating bLack economic participation through the provision of financiaL and non-financiaL support to bLack-empowered businesses. It also promotes a culture of savings and investment among bLack peopLe. Implementation Asset management By structuring accessibLe retail. savings products for black people through its Asset Management Division, the NEF aims to foster a cuLture of savings and investment among its beneficiaries.
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