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Home>> the dti Agencies>> Development Finance and Small Business Development Institutions>> National Empowerment Fund (NEF)

National Empowerment Fund (NEF)
 

The National Empowerment Fund (NEF) is established by the National Empowerment Fund Act, 1998 (Act No. 105 of 1998). The NEF is a driver and thought leader in promoting and facilitating black economic participation by providing financial and non-financial support to black empowered businesses, and promoting a culture of savings and investment among black people.

The operations of the NEF are governed by the Public Finance Management Act, 1999 (Act No. 1 of 1999) (PFMA), including the National Treasury Regulations, the King Report on Governance for South Africa, 2009 (King III) and Protocol on Corporate Governance in Public Sector, 2002. The NEF provides business loans from R250 000 to R75 million across all industry sectors, for start-ups, expansion and equity acquisition purposes.

Acting Chairperson Mr Rakesh Garach
CEO Ms Philisiwe Mthethwa
Enabling Act National Empowerment Fund Act, No. 105 of 1998
Tel +27 (11) 305 8000
Fax +27 (11) 305 8001
E-mail applications@nefcorp.co.za (Funding)
info@nefcorp.co.za (General Enquiries)
Physical Address West block
187 Rivonia Road
Morningside
2057
Postal Address P.O. Box 31
Melrose Arch
Melrose North
2076
Website www.nefcorp.co.za