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:
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:
The minimum loan amount will be R500,000 and the maximum is R10,000,000. And it will be structured as follows:
Kindly refer manufactures that meet the above urgently so that we can quickly start the application process. Funding criteria:
All referrals are to be forwarded to Ms Ntombesizwe Tywabi on firstname.lastname@example.org
We look forward to hearing from either yourselves or the entrepreneurs.Last updated: 25/03/2020