Stay updated with breaking news from Mzi dayimani. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The National Empowerment Fund says more black people should own and manage successful businesses if high unemployment and the cost-of-living crisis are to be addressed. ....
Taxi operators want extension for R1 billion Covid-19 relief fund payout iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
The NEF says the Economic Distress Fund will offer concessionary business loans as well as equity funding with a maximum interest rate of 2.5%. Photo: Getty Images The National Empowerment Fund (NEF) and the Department of Trade, Industry and Competition have launched an to help black-owned businesses recover from the Covid-19 induced financial crunch. The institution said the new fund, announced on Saturday will offer concessionary business loans as well as equity funding with a maximum interest rate of 2.5%. Eligible businesses will be able to access between R250 000 and R10 million in funding. But they must provide proof of commercial viability and must demonstrate that the need for ....