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Plettenberg Bay

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Kwanokuthula

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Nature's Valley

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Wittedrift

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The Crags

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Green Valley

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New Horizons

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Harkerville

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Important numbers

Emergency Hotline0800 029 999
WhatsApp Support Line 060 012 3456
Provincial Hotline021 928 4102
Bitou Municipality (Customer Care)044 501 3174/5
Fire / Rescue044 533 5000
Ambulance (Private)072 054 9110
Law Enforcement044 501 3240
Ambulance 10177
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Published: 23 Mar 2020Title: COVID-19Status: The World Health Organization (WHO) has declared Coronavirus as an International Pandemic and this led to the President of the RSA, His Excellency Cyril Ramaphosa, declaring it a National Disaster and pronouncing measures to prevent and reduce the outbreak of the virus.
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Weather

Plettenberg Bay
Thursday°C
Thu
Thu
Thu
Thu

Weather

Kwanokuthula
Thursday°C
Thu
Thu
Thu
Thu

Weather

Nature's Valley
Thursday°C
Thu
Thu
Thu
Thu

Weather

Wittedrift
Thursday°C
Thu
Thu
Thu
Thu

Weather

The Crags
Thursday°C
Thu
Thu
Thu
Thu

Weather

Green Valley
Thursday°C
Thu
Thu
Thu
Thu

Weather

New Horizons
Thursday°C
Thu
Thu
Thu
Thu

Weather

Harkerville
Thursday°C
Thu
Thu
Thu
Thu

Important numbers

Emergency Hotline 0800 029 999
WhatsApp Support Line 060 012 3456
Provincial Hotline 021 928 4102
Bitou Municipality (Customer Care) 044 501 3174/5
Fire / Rescue 044 533 5000
Ambulance (Private) 072 054 9110
Law Enforcement 044 501 3240
Ambulance 10177

Local Economic Development

Covid-19 Intervention Fund (NEF)

The NEF has been given by the DTI a responsibility to manage a R200 mil COIVD-19 Intervention Fund. This fund has been set up to assist manufacturers providing such items as:

  1. Sanitisers,
  2. Scrubs,
  3. Masks, etc.

Funds will be availed to black empowered businesses that can provide confirmation of valid and verifiable orders.

The funds can be utilised for the following:

  1. Working Capital Requirements, and/or
  2. Acquisition of Equipment.

The minimum loan amount will be R500,000 and the maximum is R10,000,000. And it will be structured as follows:

  • 60 months repayment term,
  • 12 months payment holiday (with 0% interest during this time),
  • Repayment over the remaining period at a fixed interest rate of 2.5%.

Kindly refer manufactures that meet the above urgently so that we can quickly start the application process. Funding criteria:

  1. Be a registered legal entity in South Africa in terms of the Companies Act, 2008 (as amended); the Close Corporations Act, 1984 or the Co-operatives Act, 2005.
  2. Be a taxpayer in good standing with a valid tax clearance certificate at assessment as well as before the loan is disbursed.
  3. Be a current and registered supplier with retailers and other institutions in good standing or have a purchase order/contract/letter of intent.
  4. Be requiring working capital or funds to purchase machinery and equipment.
  5. The fund WILL NOT service any debt or help settle monies owed.
  6. Have greater than fifty percent (>50%) Black shareholding and management control. Must be directly involved in the day-to-day running of the operation and must have requisite expertise in the sector. (owned by black South Africans as defined by the Broad-Based Black Economic Empowerment (B-BBEE) Act)
  7. Have a project with a minimum requirement of R500 000 in working capital, machinery and equipment, and
  8. Must result in retaining or increasing direct employment/creating jobs.

All referrals are to be forwarded to Ms Ntombesizwe Tywabi on tywabin@nefcorp.co.za

We look forward to hearing from either yourselves or the entrepreneurs.

Last updated: 25/03/2020