NEF gives black entrepreneurs a helping hand
The National Empowerment Fund (NEF) has to date approved R4.5 billion in funding for black entrepreneurs in different sectors of the economy.
In its funding model, the NEF has developed finance products ranging from R250 000 to R75 million for black entrepreneurs wanting to start new businesses or grow existing ones.
Those who receive social grants have to reregister on the new biometric-based payment system to receive a new SASSA payment card. The card is convenient, easy to use and allows people to get their social grants from an ATM, cash pay point or retail store.