NATIONAL EMPOWERMENT FUND PLEDGES R150M TO BLACK INDUSTRIALISTS

DISPATCHLIVE - PREMIUM / 02 AUGUST 2021 - 15.44 / ALISTAIR ANDERSON

Goal of new fund is to promote and facilitate black economic participation through the provision of financial and non-financial support to black-owned and managed businesses

The Department of Trade, Industry and Competition (DTIC) has allocated R150m for the National Empowerment Fund (NEF) to establish the Black Business Manufacturing Fund (BBMF) which will support black run small and medium sized enterprises. ..

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