This product provides capital of R5m to R25m per project for BEE seeking to participate in medium sized green-fields projects with total funding requests of between R10m and R200m.
Key features are:
• Minimum 25.1% BEE shareholding
• Investment instruments to include debt, equity and mezzanine finance
in support of BEE
• BEE specific financial contribution assessed on a case by case basis
• NEF exposure to the project not to exceed 50% of total project costs
• Proven management experience within consortium
• Active BEE involvement in investee companies
• Debt funding raised from the market to match equity funding provided by
• NEF and other project sponsors
• NEF funding limited to R25m
• NEF investment horizon is 5 to 10 years
• Security to include personal suretyship