The NEF is tasked with 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.
Available Loans
Sanlam R300,000 Personal Loans
What is the SASSA R350 Grant About and How to Apply
R75 Million National Empowerment Fund for Black South Africans
DirectAxis Personal Loans for South Africans
Lending criteria:Â The NEF provides business loans from R250 000 to R75 million across all industry sectors, for startups, expansion, and equity acquisition purposes.
Priority sectors:Â All industries, including but not limited to ICT, tourism, transportation, textile industry, services, retail, property, printing services, motor industry, mining services, media, manufacturing, agro-processing, energy, financial services, food & beverages.
Funds:
- The NEF Women Empowerment Fund is aimed at accelerating the provision of funding to businesses owned by black women across a range of sectors, for startups, expansions, and equity acquisition purposes.
- The iMbewu Fund supports black entrepreneurs wishing to start new businesses as well as supporting existing black-owned enterprises with expansion capital.
- The uMnotho Fund is designed to improve access to BBBEE capital.
- The Rural and Community Development Fund supports growth and development in rural economies by financing sustainable businesses.
- The Strategic Projects Fund is informed by government strategies and aims to support the government’s economic growth strategy.
- The Tourism Transformation Fund is a dedicated capital investment mechanism that will support black investors and communities to develop and expand tourism-related projects.