Today’s top stories, Destinyman.com – Destiny Man
Today’s top stories, Destinyman.com – Destiny Man
BUSINESS: The National Empowerment Fund (NEF) is in the final stages of negotiating a loan facility of R1 billion from an undisclosed development finance institution, Business Day reports. The money would be utilised to address the ailing body’s current capital shortage. In an annual report tabled in Parliament last week, NEF CEO Philisiwe Buthelezi said that the loan was “imminent” following positive discussions with the Departments of Trade and Industry and Economic Development as well as the Treasury.
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