NEF upholds Luminance as a prudent investment Leading black development financier, the National Empowerment Fund (NEF), asserts that its funding of Ndalo Luxury Ventures (NLV) is a perfectly legitimate and praiseworthy investment that accords with its mandate and policies as…
THE NATIONAL EMPOWERMENT FUND INVESTS IN STICKS & LICKS Leading empowerment funder, the National Empowerment Fund (NEF), the agency of the dtic mandated to grow Black economic participation in South Africa, has continued to meet its mandate with distinction, and…
Leading development financier, the National Empowerment Fund (NEF), welcomes the appointment by President Jacob Zuma of Mr Thando Mhlambiso as the new chairman of the NEF’s board of trustees. Mr Mhlambiso, who previously served the NEF as a…
Johannesburg 30 October 2012. The United Kingdom (UK) is among South Africa’s ‘Premier League’ of trading partners, with an annual bilateral trade of over £9bn. UK investment in South Africa totals some £10.5bn, which means over 54% of…
R35 million boosts to a cement blending company to purchase plant The investment will support 50 direct jobs in Westonaria, South of Johannesburg. The growth experienced in the construction industry as evidenced by the emphasis in…
REMARKS BY THE ACTING CHAIRPERSON OF THE NATIONAL EMPOWERMENT FUND, Ms ZUKISWA NTLANGULA, ON THE OCASSION OF THE LAUNCH OF VALUE CEMENT 12 June 2012, Johannesburg Distinguished Guests, From the vantage point of the Board of…
ADDRESS BY THE CEO OF THE NATIONAL EMPOWERMENT FUND, Ms PHILISIWE BUTHELEZI, ON THE OCASSION OF THE LAUNCH OF THE VALUE CEMENT 12 June 2012 in WESTONARIA, 11H00 · The Board, Shareholders and management of Value Cement (Pty) Ltd, ·…
Presenter Mr Andrew Wright, Chief Financial Officer View Presentation
In fulfilling the mandate to provide innovative financial solutions to black-empowered entrepreneurs, the National Empowerment Fund (NEF) has achieved the highest level of investment activity in its history, with annual approvals at R684-million (2009: R495-million) and disbursements of R506-million, says…
NEF SECURES EQUITY FOR BLACK PARTICIPATION IN THE ESTABLISHMENT OF A NEW R 2.5BN MINERAL PROCESSING PLANT R10 million Venture Capital investment to conclude the Bankable Feasibility Study The National Empowerment Fund (NEF) has again shown its developmental mettle by…
