Company name: National Empowerment Fund
Contact number: +27 11 305 8000
Postal address: P.O. Box 31, Melrose Arch, Melrose North, 2076
Physical address: WestBlock, 187 Rivonia Road,Morningside, 2057
Website: www.nefcorp.co.za
Company Profile
The National Empowerment Fund is a catalyst of Broad-Based Black Economic Empowerment in South Africa.
We enable, develop, promote and implement innovative investment and transformation solutions to advance sustainable Black economic participation, in the economy.
Fund Overview
Imbewu Entrepreneurship Finance would provides risk capital to new businesses and to early stage businesses owned and managed by black people.
Applicant criteria:
BEE applicant should be actively involved in the business
- Minimum black ownership of 50.1%
- Industry experience in consortium i.e. from BEE party or non-BEE partners
- NEF mentorship programme, participation is obligatory
- Capital structure should be sustainable. NEF to provide shortfall in equity/quasi-equity capital
- Business with clear value add – sustainable business model
- Business should employ minimum of 5 people
- Maximum NEF funding of R5m
- The NEF investment horizon is 5 to 7 years
- NEF will target a nominal pre-tax IRR of between 12% to 18% on its funding