Company name: National Empowerment Fund
Contact number: +27 11 305 8000
Postal address: P.O. Box 31, Melrose Arch, Melrose North, 2076
Physical address: West Block, 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
The Imbewu Franchise Finance is geared towards enabling black people to leverage the infrastructure available within the franchise industry in order to gain access to economic opportunities whilst reducing investment risk.
Applicant criteria:
- NEF has a preference to fund top 40 rated franchises
- Active management participation by BEE parties
- Minimum BEE shareholding of 50.1%
- Transactions will be structured with sustainable capital structure,
- NEF funding to bridge shortfall in equity
- BEE party to have pre-qualified with franchisor
- NEF funding generally limited to R5m
- NEF will target a nominal pre-tax IRR of between 12% to 15% on its funding
- The NEF investment horizon is 5 to 7 years