🌟Funding from the National Empowerment Fund🚀

Dear Successful Entrepreneur!

The 🌟uMnotho Fund from the NEF 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)64 550 7052

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