NEF opens for lending again, SMALL BUSINESS CONNECT
NEF opens for lending again, SMALL BUSINESS CONNECT
SINCE re-opening its doors for applications for finance two months ago, the National Empowerment Fund (NEF) has already received 85 requests from black entrepreneurs looking to get a slice of the R950 million available in funding. The financier, which ran short of funds last year, was thrown a life-line earlier this year after being forced to put a temporary moratorium on applications and postpone the opening of a Northern Cape office. In addition to the new applications, NEF spokesperson Emmanuel Mohlamme says the fund has also received 462 new enquiries.
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