NEF re-opens funding for black entrepreneurs
NEF re-opens funding for black entrepreneurs
In the week that South Africa celebrates 20 years of freedom and democracy, the aspirations of black entrepreneurs were placed at the heart of the country’s transformation agenda when leading development financier, the National Empowerment Fund (NEF), announced a Board resolution following consultations with the dtic and National Treasury “to re-open funding for black-owned and managed businesses requiring financial support for start-up, expansion and equity transformation purposes, using existing reserves and the anticipated new capital,” says Chief Executive, Ms Philisiwe Mthethwa.
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