NEF will provide funding of R5m to R100m to entities that are already black empowered, but seek expansion capital to grow the business.

Key features are:

• Investment instruments to include debt, equity and mezzanine finance in support of BEE

• BEE Shareholding should be minimum of 25.1%

• Pricing based on instrument, risk matrix, security package etc.

• Typical investment horizon of 4 to 7 years

• Active BEE involvement in investee companies

• Security to include personal suretyship