Programme: iMbewu
Fund – Procurement Finance
Organisation: National Empowerment Fund
Type of Support
· Funding;
· Training; and
· Mentorship.
Programme Description
Procurement Finance- for small businesses that have been awarded tenders / contracts by public or private entities
Funding instruments include term loans, bridging finance asset finance, revolving facilities and debt finance.
The funding is capped at R10 million. Mentorship is given where gaps are identified.
Target Market
Small businesses with at least 50.1% black ownership. There must be active participation by black individuals in the operations of the business
Application Process
Download the application form that is available online, complete and submit it.
Success Stories
i. The Middledrift Community formed the Gwelindaba Trust, to work in partnership with The NEF and Amadlelo Agri (Pty) Ltd to establish Middledrift Dairy which is a commercial dairy farm. This has brought positive change to the lives of the people in the Middledrift community. With R9 920 000 funding from the NEF as well as additional funding from Amadlelo Agri, The money was used as start-up capital, and all the milk produced is sold to Clover.
Contact Details
The Company website: http://www.nefcorp.co.za/
Applications for funding can be sent to applications@nefcorp.co.za
General enquiries can be made on: info@nefcorp.co.za
Head office
West Block, 187 Rivonia Road, Morningside 2057
Telephone:11 305 8000
Fax: 11 305 8001
Call Centre: 0861 843 633 / 0861 (THE NEF)
Organisation: National Empowerment Fund
Type of Support
· Funding;
· Training; and
· Mentorship.
Programme Description
Procurement Finance- for small businesses that have been awarded tenders / contracts by public or private entities
Funding instruments include term loans, bridging finance asset finance, revolving facilities and debt finance.
The funding is capped at R10 million. Mentorship is given where gaps are identified.
Target Market
Small businesses with at least 50.1% black ownership. There must be active participation by black individuals in the operations of the business
Application Process
Download the application form that is available online, complete and submit it.
Success Stories
i. The Middledrift Community formed the Gwelindaba Trust, to work in partnership with The NEF and Amadlelo Agri (Pty) Ltd to establish Middledrift Dairy which is a commercial dairy farm. This has brought positive change to the lives of the people in the Middledrift community. With R9 920 000 funding from the NEF as well as additional funding from Amadlelo Agri, The money was used as start-up capital, and all the milk produced is sold to Clover.
Contact Details
The Company website: http://www.nefcorp.co.za/
Applications for funding can be sent to applications@nefcorp.co.za
General enquiries can be made on: info@nefcorp.co.za
Head office
West Block, 187 Rivonia Road, Morningside 2057
Telephone:11 305 8000
Fax: 11 305 8001
Call Centre: 0861 843 633 / 0861 (THE NEF)
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