Annual Report 2005

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About NEF

NEF Vision
       Foreword: Minister of Trade & Industry
       Report of the Chairman
          The African Context
          Reviewing the Mandate
          The Core Challenge
          Assessing Achievements
          The Path Ahead
       Report of the CEO
          Introduction
          Macro-Economic Environment
          Asset Management
          Strategic Projects Fund
          Financial Management
          Siyasebenza – Information systems
          Risk Management, Internal Audit and Compliance
          Thought Leadership
          Stakeholder Relations
          Human Resources
          Appreciation

Executive Committee

Executive Committee
          Philisiwe Buthelezi - Chief Executive Officer
          Andrew Wright - Chief Financial Officer

Frencel Gillion

Frencel Gillion
Barbara Lebogang Lombard

Board of Trustees

Board of Trustees
       Ronnie Ntuli (LLB) – Chairman
       Philisiwe Buthelezi - Chief Executive Officer
       Nolitha Fakude
       Rakesh Garach

Avril Halstead

Avril Halstead
Angelina Makwetla

Lloyd McPatie
       Maletsatsi Nomalanga Mosala
       Zukiswa Zandile Ntlangula
       Allon Raiz
       Kugan H Thaver
       Thabiso Tlelai

Strategic Background

Strategic Background
Strategic Intent

Organisational structure

Organisational structure

Products & Services

Products & Services
       iMbewu Fund
          Entrepreneurship Finance
          Procurement Finance
          Franchise Finance
       Rural & Community Development

Corporate Fund
          Acquisition Finance
          Project Finance
          Expansion Capital
          Capital Markets
          Liquidity & Warehousing
          Strategic Projects

Non-financial business support

Non-financial business support

Applications for funding

Applications for funding

Asset Management

Asset Management

ASONGE
       A Historic achievment
       Where did it all begin?
       What is ASONGE?
       ASONGE dates
       Share allocation results

Supplier Database

Supplier Database

Links
Business Resources
Acts & Regulations

Resource Center

Resource Center
       Presentations
       Annual Reports
       Speeches
       FAQ

Nef in the media

Nef in the media
Media Monitoring SA
Media statements

Annual Report 2005

2005 ANNUAL REPORT

Contents

REPORT OF THE CHAIRMANS

REPORT OF THE TRUSTEES

NEF JOINT VENTURES FUND

REPORT OF THE AUDIT COMMITTEE

REPORT OF THE BOARD INVESTMENT COMMITTEE

CONSOLIDATED ANNUAL FINANCIAL STATEMENTS

ANNUAL FINANCIAL STATEMENTS

NATIONAL EMPOWERMENT FUND TRUST

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