National Empowerment Fund (NEF)
Strategic Role and Positioning
The NEF's role is to support B-BBEE. As the debate around
what constitutes meaningful and sustainable B-BBEE evolves, the
NEF anticipates future funding and investment requirements to
assist black entrepreneurs and communities achieve each element of
the Codes of Good Practice. These include a focus on preferential
procurement, broadening the reach of equity ownership,
transformation in management and staff, while preventing the
dilution of black shareholding.
The NEF differentiates itself not only with a focused
mandate for B-BBEE, but by assuming a predominantly
equity-based risk to maximise the empowerment dividend. Reward
should balance the risk, with the application
of sound commercial decisions to support national priorities and
Government policy, such as the Industrial Policy Action Plan (IPAP).
The work of the NEF, therefore, straddles and complements
other development finance institutions (DFIs) by allowing the
organisations to work in close collaboration with each other.
Close co-operation with these institutions, and the sharing of its
special sector expertise and knowledge, enables the NEF to add
value to the work of other DFIs and further contribute to the
realisation of their mandate.
||Mr Thando Mhlambiso
||Ms Philisiwe Buthelezi
||National Empowerment Fund Act, No. 105
||P.O. Box 31