Dust control deal sealed The National Empowerment Fund (NEF) has concluded an investment deal to finance the 100% buy-out of a manufacturer of colliery dust control systems by an empowerment consortium. The R41 9-million investment involves a partnership between the consortium, which is led by Babalwa Geza, and the existing management of Colliery Dust Control (CDC)...read more

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KWAZU LU-NATAL majuba Berries op die plaas Belfast digby Charlestown in KwaZuluNatal is ‘n gemeenskapsontwikelingsprojek wat daarop gemik is om 60 hektaar framboosbessies onder beskerming te verbou. Die projek geniet die ondersteuning van die IDC (voorheen die Nywerheidsontwikkelingskorporasie), die Nasionale Bemagtigingsfonds en die Prosperity Trust (‘n private aandeelhouer) en is ten bate van die Charlestown-gemeenskapstrust van stapel gestuur...read more

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The National Empowerment Fund (NEF) has invested R 50 million
in South African satellite systems manufacturer SunSpace and Information Systems
(SunSpace), to allow it to increase its capacity and improve...read more

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 It is now only one day before South Africa's SumbandilaSat launches into space atop a Russian Soyuz rocket at Baikonur in Kazakhstan.The 81 kg microsatellite, which is about 1m x 0, 5 m in size, will lift off into space on 15 September 2009 from the Baikonur space base where it is being integrated into the Soyuz rocket...read more

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Organisations: National Empowerment Fund (MENTION), Stellenbosch University (MENTION), SumbandilaSat (MENTION), Sunspace (MENTION)
  
Interviews/Quoted: Themba Vilakazi (LIVE)
 
Duration: 00:06:36

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Jabulani Diamini IF you are an aspiring business owner then you can use any other excuse why your business is not getting off the ground, except lack of funding. This is because the National Empowerment Fund (NEF) Is but one of many government agencies set up to provide access to much needed start-up capital for entrepreneurs. Nathan Nadasan. NEF post investment manager, said the NEF existed primarily to promote black participation in the mainstream economy through the broad-based black ... read more

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Topic: Discussion about National Empowerment Fund
 
Organisations: DTI, IDC, khula Enterprise , National Empowerment Fund
Interviews/Quoted: Emmanuel Mohlame (LIVE)
Duration: 00:07:24
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Topic: Discussion about National Empowerment Fund
 
Organisations: DTI, IDC, khula Enterprise , National Empowerment Fund
Interviews/Quoted: Emmanuel Mohlame (LIVE)
Duration: 00:07:24
AVE: R 80808
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Topic: Business news 
 
Organisations: Naamsa, National Empowerment Fund
Interviews/Quoted: Moemise Motsepe (LIVE), Slyvester Mabalane (LIVE)
Duration: 00:03:50
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Topic: Discussing the programmes of the National Empowerment Fund
 
Organisations: Dept Trade & Industry, National Empowerment Fund
Interviews/Quoted: Moemisi Motsepe (LIVE)
Duration: 00:07:38
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Organisations: National Empowerment Fund
Interviews/Quoted: Nathan Nadasan (RECORDED)
Duration: 00:02:27
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Topic: DTI is holding a trading conference in Soweto Campus

Organisations: COOLER (SIC), DTI, IDC, National Empowerment Fund, SEDA, Soweto Campus, University of JHB
Interviews/Quoted: Takalani Thambani (RECORDED)
Duration: 00:01:08 
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Topic: Discussion about National Empowerment Fund continues 
 
Organisations: IDC, National Empowerment Fund
Interviews/Quoted: Emmanuel Mohlame (LIVE)
Duration: 00:08:42 
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MTN deal `requires cabinet stamp` Lack of BEE `is of concern` September 15, 2009By Reuters and Thabiso MochikoThe proposed tie-up between MTN and India`s Bharti Airtel needed cabinet approval, a senior government official said yesterday as the deal entered a critical week. The statement came as a team from the Indian firm met stakeholders in South Africa, according to a source who said it was possible that the talks could extend a few days past a September 30 deadline
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WHAT CAN DEVELOPMENT FINANCE DO FOR YOU? THERE ARE A VARIETY OF DEVELOPMENT FINANCE INSTRUMENTS AVAILABLE TO SMEs — BUT YOU NEED TO KNOW WHICH ONE YOU QUALIFY FOR. BY JULIET PITMAN T’ he practicalities of funding a business can be overwhelming. Funds targeted at industries and businesses which contribute to the economic development of the country are known as development funds, and are largely supported by government institutions. They are aligned with key national ... read more

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NEF rewards MTN investors to stimulate savings culture Thabiso Mochiko ASONGE shareholders, who bought a stake in MTN two years ago and have resisted the temptation to sell their shares, will at the end of this month be rewarded one bonus share for every 10 ordinary shares held. Based on MTN’s closing share price of R126.11 a share yesterday, the Asonge shareholding is worth Just over R1.5 billion. The National Empowerment Fund (NEF) origInally bought the shares for R171 million ... read more

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Date: 2007/06/13
Publication: Business Report
Journalist: Mzwandile Jacks

 MENSE GESIG AGTER DIE SYFERS: LWAZI BAM Op pad na groot dinge... met ‘n anderse perspektief. MENSE IN DIE BEDRYF stem saam dat Lwazi Barn na groot dinge op pad is. Op38 staan by reeds aan die hoof van Deloitte se afdeling vir korporatiewe uinansiering. Sean McPhee, ‘n vennoot in dieselfde afdeling, sê: “Dat hy so jonk a! soveel bereik bet, getuig van sy vermoë en sterk karakter. Hy is indrukwekkend, maar nederig ondanks wat hy a! bereik het. ... read more

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Wham Barn, thank you rnan! ‘Now a controlling (empowerment) stake means they want to be involved in running the business’ INDUSTRY PlAYERS AGREE Lwazi Barn is heading for big things. Aged 38, he already heads the corporate finance division at Deloitte. Sean McPhee, a partner in the same division, says: “To have achieved so much at such a young age is testament to his ability and strength of character.... read more  

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New plan to grow black businesses THE National Em powerment Fund (NEF) last week rolled out its new Business Planner and Mentor- ship Programme at the Premiers Office. Business people met at the office for the launch that will see more black people grow their businesses. The NEF is there to provide equal ownership among black people.” said Chief Investment Officer Frencel Gillion.... read more

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MEDIA STATEMENT

Leading empowerment facilitator, the National Empowerment Fund (NEF), has announced that the NEF Asonge Share Scheme investors who participated in its historic public share offer two years ago are about to be rewarded for their resolve in having stayed invested. In September 2007 the National Empowerment Fund, an agency of the dti, offered half of its 1,5% shareholding in MTN to Black (African Coloured and Indian) investors at a 20% discounted retail price as part of its mandate to promote a culture of savings and investment among Black people in South Africa. ... read more

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