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G IN D N U F T N E M R E EMPOW ! Y E N O M E H T E M W O SH
RMENT E W O P M E S S E C C A O T S S WHAT IS THE PROCE FOR S E G A T N A V D A E H T E R A FUNDING, AND WHAT S? SMALL BUSINESS OWNER
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In South Africa, we have a number of funding bodies, both from the government and private sector, that offer funding towards the ultimate goal of growing the economy. Different from broad-based funding solutions, empowerment funding in South Africa 12
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focuses on assisting black individuals, businesses and communities by meeting their funding and investment requirements.
Who do you contact? The National Empowerment Fund (NEF) describes its role as “supporting BroadBased Black Economic Empowerment (B-BBEE)” by facilitating black economic participation through providing financial and non-financial support to blackempowered businesses, and promoting a culture of savings and investment.
The NEF provides business loans from R250 000 to R75 million across all industry sectors, for start-ups, expansions and equity acquisition purposes, and implements its mandate in three key areas: 1. Asset management By structuring accessible retail savings products through its Asset Management Division, which is a custodian of certain equity allocations in stateallocated investments (SAIs), the NEF aims to foster a culture of savings and investment among its beneficiaries.
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ne of the biggest challenges for entrepreneurs and small business owners is finding the funds necessary to launch their businesses. Even existing businesses might need a financial leg-up to grow and develop their enterprises. Here’s how empowerment funding can help:
