Company profile
National Empowerment Fund
Growing Black Economic Participation
- Industry
- Financial Services
- Employees
- 269
- Headquarters
- Johannesburg, Gauteng
- Founded
- 1998
- LinkedIn followers
- 17,912
- Office locations
- 1
National Empowerment Fund company summary
National Empowerment Fund is a company in the Financial Services industry, headquartered in Johannesburg, Gauteng, founded in 1998. On LinkedIn the company has around 269 employees and 17,912 followers. Its listed specialties include Asset Management, Fund Management, Financial and non-financial solutions, A leader in venture capital finance, A catalyst for Broad-Based Black Economic Empowerment.
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About National Empowerment Fund
NEF Mandate: Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by promoting a culture of savings and investment among black people. NEF business funding is from R250 000 to R75 million and where the funding requirement is greater, this is normally financed through third-party support. As at November 2021 the NEF had approved in excess of R11.2 billion across various sectors country-wide, with a total project value of R20.37 billion, supporting over 105 949 jobs. Investment Funds: NEF funding is obtainable from the following specialist Funds: 1. The Women Empowerment Fund (WEF) facilitates the provision of funding to businesses owned and managed by black women across a range of sectors for start-up, expansion and equity acquisition purposes. 2. iMbewu Fund supports black SMEs for franchise, procurement and entrepreneurship finance in support of new and existing black-owned businesses seeking to expand through debt, quasi-equity and equity finance products. 3. uMnotho Fund is designed to improve access to BEE capital through Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. These products provide capital to black-owned and managed enterprises that are buying equity shares in established enterprises, new ventures and expansions. 4. The Rural, Township and Community Development Fund (RTCDF) provides funding to aspiring rural entrepreneurs and facilitates skills transfer to and operational involvement by community groups. 5. The Strategic Projects Fund (SPF) is mandated to increase the participation of potential black industrialists in early-stage projects in order to maximise South Africa's industrial productive capacity across key economic sectors.
Specialties
Where is National Empowerment Fund located?
National Empowerment Fund lists 1 location.
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Frequently asked questions about National Empowerment Fund
What does National Empowerment Fund do?
NEF Mandate: Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by promoting a culture of savings and investment among black people. NEF business funding is from R250 000 to R75 million and where the funding requirement is greater, this is normally financed through third-party support. As at November 2021 the NEF had approved in excess of R11.2 billion across various sectors country-wide, with a total project value of R20.37 billion, supporting over 105 949 jobs. Investment Funds: NEF funding is obtainable from the following specialist Funds: 1. The Women Empowerment Fund (WEF) facilitates the provision of funding to businesses owned and managed by black women across a range of sectors for start-up, expansion and equity acquisition purposes. 2. iMbewu Fund supports black SMEs for franchise, procurement and entrepreneurship finance in support of new and existing black-owned businesses seeking to expand through debt, quasi-equity and equity finance products. 3. uMnotho Fund is designed to improve access to BEE capital through Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing. These products provide capital to black-owned and managed enterprises that are buying equity shares in established enterprises, new ventures and expansions. 4. The Rural, Township and Community Development Fund (RTCDF) provides funding to aspiring rural entrepreneurs and facilitates skills transfer to and operational involvement by community groups. 5. The Strategic Projects Fund (SPF) is mandated to increase the participation of potential black industrialists in early-stage projects in order to maximise South Africa's industrial productive capacity across key economic sectors.
How many employees does National Empowerment Fund have?
National Empowerment Fund has around 269 employees on LinkedIn.
Where is National Empowerment Fund headquartered?
National Empowerment Fund is headquartered in Johannesburg, Gauteng.
When was National Empowerment Fund founded?
National Empowerment Fund was founded in 1998.
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