NATIONAL EMPOWERMENT FUND (NEF)
The NEF differentiates itself not only with a focused mandate for B-BBEE but by also assuming a predominantly equity-based risk to maximise the Empowerment Dividend. The reward should balance the risk with the application of sound commercial decisions to support national priorities and government policy such as the Accelerated and Shared Growth Initiative for South Africa (AsgiSA) or targeted investments through the Department of Trade and Industry’s (the dti’s) Industrial Policy Framework (IPF).
The work of the NEF, therefore, straddles and complements other Development Finance Institutions (DFIs) by allowing the organisations to work in close collaboration in the promotion of B-BBEE. With them, the NEF can enhance other DFIs and their mandates by sharing its specialist sector expertise and knowledge of B-BBEE.