Acquisition, Expansion and Project Finance from the National Empowerment Fund

Dear Successful Entrepreneur!

The uMnotho Fund is designed to improve access to BEE capital and can be used for Acquisition Finance, Project Finance, Expansion Finance, Capital Markets Fund, and Liquidity and Warehousing.

This fund provides capital to black-owned and managed enterprises. Black entrepreneurs buy equity shares in established black and white-owned enterprises, start new ventures, and expand existing businesses and BEE businesses can apply.

The funding amount ranges from R2 million to R50 million!

Key criteria:

The key criteria of this product are:

• BEE applicants seeking to fund equity purchases of between R2 million and R75 million in existing businesses

• Focus on medium to large companies

• Focus on partnerships with existing management teams and other equity investors

• Minimum BEE ownership of 25.1% post-NEF investment

• Active BEE management participation

• Active BEE involvement in investee companies

• BEE Financial contribution determined on a case-by-case basis

• Investment instruments can include a combination of debt, equity and mezzanine finance

• The NEF reserves the right to oblige applicants to participate in the NEF mentorship programme

• The typical investment horizon of 4 to 7 years

• Security to include a personal guarantee

We can assist you with the whole process, drafting a business plan and capital raising. Feel free to contact Anne and reply to this email!

To Your Success

Your Funding Connection Team

Landline: +27 (0)31 761 8677 or Cellphone +27 (0)61 542 4037

Headquarters: 2 Old Main Road, Hillcrest Office Park, Hillcrest, KZN 3610

Satellite Offices:

Johannesburg: Infinity Venue, 30 4th Avenue, Northmead, Benoni - only by appointment

Cape Town: Suite 2B, Canal Edge Four, Tyger Waterfront, Carl Cronje Drive - only by appointment

Pretoria: Park Lane West Building 180 Amarand Avenue, Ground floor, Waterkloof Glen Ext, - only by appointment