Home  > Obtaining funding from the National Empowerment Fund
 Share  Print Version  Email

Obtaining funding from the National Empowerment Fund

Provided by Business Partners Ltd, South Africa's leading investor in SMEs

NEF.jpgThe National Empowerment Fund (NEF) was established by the National Empowerment Fund Act No 105 of 1998, to promote and facilitate black economic equality and transformation. Its mandate and mission is to be a vehicle for Broad-based Black Economic Empowerment (BB-BEE).

Its goals are to:

  • Foster and support business ventures pioneered and run by black enterprises
  • Improve the universal understanding of equity ownership among black people
  • Contribute to the creation of employment opportunities
  • Encourage the development of a competitive and effective equities inclusive of all South Africans
  • Encourage and promote savings, investments and meaningful participation by black people
  • Provide black people with opportunity of, directly or indirectly, acquiring shares or interest in private business enterprises
  • State allocated investment (SAIs) that are being restructured or in private business enterprises
  • Generally employ the schemes, businesses and enterprises necessary to achieve the objectives of the NEF Act

The NEF's products and service offerings include:

1. Non-financial Support in the form of:

a) A Pre-Investment Business Support Unit that assists with funding advice, business planning and general assistance to ensure that applications are of sufficient quality to complete all steps in the application process

b) A Post-Investments Business Support Unit set up to monitor clients for risk and provide information and advice when needed. Although start-ups are inherently higher risk, the rewards for success are jobs and increased capital for further start-ups.

c) A Legal Services Unit that provides legal services to the entire NEF and drafts legal agreements, assists with due diligence reviews and registers necessary documents. 

Click here for more information

2. Imbewu Fund    

This fund is designed to promote the creation of new businesses and provide expansion capital to early stage businesses. The iMbewu Fund aims to cultivate a culture of entrepreneurship by offering debt, quasi-equity and equity finance of up to R20m comprising:

  • Entrepreneurship Finance
  • Procurement Finance
  • Franchise Finance
  • Rural & Community Development Projects


This fund is designed to improve access to BEE capital and has three products, Acquisition Finance, Project finance and Expansion Finance. These products provide capital to Black owned and managed enterprises, black entrepreneurs who are buying equity shares in established white owned enterprises, project finance and BEE businesses that are or with to be listed on the JSE.

Funding ranges from R5m to R100m and details of the three products are provided below: 

a. Acquisition Finance
b. Project Finance
c. Expansion Capital
d. Capital Markets
e. Liquidity & Warehousing
f. Strategic Projects Finance

Applying for Financing

The NEF funds entrepreneurial individuals and groups that further BB-BEE in South Africa. Your application for funding will assessed according to the following criteria:

  • Commercial viability of the project
  • Compliance with all relevant laws and regulations
  • Black managerial and operational involvement
  • Percentage of black ownership or interest
  • Return on investment
  • Job creation
  • Geographic location of business (rural/urban/disadvantaged area)
  • Black women empowerment
  • Community involvement
  • Possibility of co-funding (private or public sector)

Visit the NEF website for information on the application process and to download the application forms or contact the Call Centre on 0861 843 633 (THE NEF).

Copyright © 2015 Business Partners Ltd.  All rights reserved.

 Share  Print Version  Email
Comments &Ratings (57) Overall  
  • Currently 1.5/5 Stars.
If you are a human, do not fill in this field.
Click stars to rate.
   Comments are limited to 1000 characters
What Others Are Saying
Sort by
  • Currently 5.0/5 Stars.
BENEDICT SOLUTIONS  |  September 28, 2015
Are you having trouble getting a loan ?, We offer quick and guaranty loans ranging from R10,000.00 to R800,000.00 to help get you back on your feet or to expand your business. Contact us at {mazwefinancialservices@gmail.com}for all kind of loan and a trial will convince you. Thanks. Business Loan, Personal Loan, Home Loan, Auto Loan, Student Loan, Debt Consolidation Loan e.t.c. Apply Now... For more information please contact us today via email {mazwefinancialservices@gmail.com}
  • Currently 0.0/5 Stars.
CHIJO FINANCE  |  September 27, 2015
hello I Promise to Share This Testimony. I am Vaneca from cape town, south African. currently living in new york city, I am a widow at the moment with three kids and i was stuck in a financial situation in May 2015. and i needed to refinance and pay my bills. I tried seeking loans from various loan firms both private and corporate but never with success, and most banks declined my loan application. But as God would have it, I was introduced to a man of God called PASTOR ISREAL from CHIJO FINANCIAL SERVICES a government approve company. who gave me a loan of 950,000USD and today am a business owner and my kids are doing well at the moment. if you must contact any firm/company with reference to securing a loan without collateral, no credit check, with just 3% interest rate and better repayment plans and schedule, you can contact CHIJO FINANCIAL SERVICES at (chijo_financial_services@outlook.com). email: chijo_financial_services@outlook.com phone number: +27627960488
  • Currently 5.0/5 Stars.
michael david  |  September 18, 2015
  • Currently 0.0/5 Stars.
Koh Lim  |  September 14, 2015
Specialist in Financial issues. Are you in debt? Do you need an instant funding? Do you dream of owning a house, Car and good Business? Do you need a loan ahead for the Christmas family vacation? Have you been in search of a legitimate loan and been turned down severally? If YES" Search no further. We offer Personal/Commercial loans at 2% interest rate without collateral. get instant Approval even with bad credit. Serious and interested applicants should please contact us via email today:lim_koh@yahoo.com.sg and be free from all your financial troubles. NOTE:we will save you from payday loans that are making billions from the prey of the poor. You will be contacted within 24hrs with the loan terms and conditions as soon as the details have been received. Don't waste another moment. Contact us today for the lifeline you and your home need. Best Regards. Mr.Lim Koh
  • Currently 5.0/5 Stars.
Morgan steve  |  September 14, 2015
HOW I GOT MY LOAN FROM HERMAN CEIN LOAN FINANCE (CEINLOANFINANCE@YAHOO.COM) Hello everyone, My name is Morgan Steev white, I am from the New Jersey, United State, am here to testify of how i got my loan from Mr Herman Cein { ceinloanfinance@yahoo.com} after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to Mr Herman Cein the C.E.O of Herman Cein Loan Finances who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met Mr Herman Cein, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Mr Herman Cein on his email address: { Ceinloanfinance@yahoo.com} Website: hermanceinloanfinance.bravesites.com
  • Currently 0.0/5 Stars.
john potto  |  September 14, 2015
Do you need a comfortable loan to your satisfaction? We are based in USA, We offer affordable loan at 3% interest rate available for local and international borrowers . We are certified , trustworthy , reliable , efficient , fast and dynamic and co - operate. we give out long term loan from two to fifty years maximum. contact us at: johnpotto4@gmail.com
  • Currently 3.0/5 Stars.
Paul Mark  |  September 09, 2015
  • Currently 0.0/5 Stars.
Hwa Jurong  |  September 06, 2015
I am Hwa Jurong, a Private Money Lender do you need a loan to start up business or to pay your bills and a corporate financial for real estate and any kinds of business financing. I also offer Loans to individuals,Firms and corporate bodies at 2% interest rate. I give out loan to serious minded people that are interested of loan if interested contact this email: hwajurong382@yahoo.com.sg or hwajurong12@gmail.com
  • Currently 5.0/5 Stars.
First Bankmanager101  |  September 04, 2015
  • Currently 0.0/5 Stars.
Compensation Office  |  September 02, 2015
Testimony how i got a loan from { calvinloancompany@yahoo.com } Are you in need of financial Assistance at a low interest rate of 2%. Bad credit acceptable,The Terms and Conditions are very simple and they are considerate. If interested contact them at : { calvinloancompany@yahoo.com } Or http://calvinfinancialloanhome.bravesites.com/ because i got mine when i contacted them.