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b. Project Finance

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


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