National Empowerment Fund (NEF)

The National Empowerment Fund (NEF) is a South African government initiative aimed at promoting black economic participation. Established to support emerging black entrepreneurs, the NEF provides financial assistance through loans and investments. Its goal is to boost economic growth by empowering underrepresented communities, helping them to start and grow businesses. By fostering entrepreneurship, the NEF aims to create jobs and reduce inequality, contributing to the overall economic development of South Africa. It plays a crucial role in enhancing access to capital for those who might otherwise face challenges in securing funding.