NEF and Solidarity Fund’s Humanitarian Crisis Relief Fund (HCRF) have launched an initiative to support SMMEs The National Empowerment Fund (NEF) and the Solidarity Fund’s Humanitarian Crisis Relief Fund (HCRF) have been providing financial relief programmes to support small, medium…
COVID-19 TAXI RELIEF SUPPORT FUND READY FOR DISBURSEMENT In July 2020, Parliament allocated R1,135 billion Taxi Relief Fund as a once-off payment to taxi operators to provide relief for the COVID-19 impact on the sector, as a consequence of…
NEF salutes MP Duma Nkosi, a champion of township and rural development The National Empowerment Fund (NEF) has acknowledged Mr Duma Nkosi, Member of Parliament and Chairperson of the Portfolio Committee on Trade and Industry, as “a champion of…
The National Empowerment Fund (NEF) and the Solidarity Fund’s Humanitarian Crisis Relief Fund (HCRF) have announced a financial relief programme to support small, medium and micro enterprises (SMMEs) recover from the devasting effects of riots and unrests in KwaZulu Natal…
The Department of Trade, Industry and Competition (the dtic) would like to announce that the economic recovery support interventions announced by the Minister of Trade, Industry and Competition, Mr Ebrahim Patel a fortnight ago is open for affected businesses to…
As South Africa responds to President Cyril Ramaphosa’s recent call to “accelerate the implementation of our Economic Reconstruction and Recovery Plan to rebuild our economy”, the dtic has allocated R150 million for the National Empowerment Fund (NEF) to establish the…
The Steve Tshwete Local Municipality (STLM) and the National Empowerment Fund (NEF) have jointly set aside R50 million towards the Enterprise and Supplier Development (ESD) Fund established between the two entities to benefit Black-owned and managed SMMEs domiciled in the…
As businesses across the world continue to do battle against the constraints imposed by the COVID-19 pandemic, relief is on the way for black-owned and managed SMMEs in the Northern Cape following the establishment of the Northern Cape Blended SMME…
The National Empowerment Fund (NEF) in partnership with the Department of Trade, Industry and Competition (the dtic) has established an Economic Distress Fund to provide concessionary business loans to Black-owned and managed enterprises that are under financial distress as a…
The Coronavirus (COVID-19) has resulted in mass production shutdowns and supply chain disruptions due to the necessary lockdown aimed at curbing the spread of infections. This has had ripple effects across all economic sectors including the informal sector which is…
