Prospects for equity fund good,Business Day (Final),12 Oct 2016,Uncle Ensor Potteel

Prospects for equity fund good,Business Day (Final),12 Oct 2016,Uncle Ensor Potteel

RECAPITALISATION Prospects are looking good for a R1bn Rlbn recapitalisation of the the amount National Empowerment Fund needed to (NEF) by the Industrial Develop recapitalise ment Corporation (IDC). the NEF This is according to the fund's CEO Philisiwe Mthethwa, who was speaking on Tuesday ahead of a briefing to Parliament's trade and industry.committee. She said the departments of trade and industry and economic development had reached agreement on the way forward and had given the IDC the goahead to proceed with the recapitalisation of Rlbn.

READ MORE.