National Empowerment Fund - iMbewu Fund
Status not published
Rolling applications through the NEF online system.
Debt, quasi-equity and equity funding from R250,000 to R15 million for black entrepreneurs starting or expanding businesses.
National Empowerment Fund (NEF)
public · national
Deadline: Open all year — Rolling applications through the NEF online system.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
Who can apply
- Stage: pre-seed, seed and Series A
- Locally registered entity required
Requires black ownership of at least 50.1% (with black management control) and the entrepreneur to be involved in day-to-day operations.
How to apply
- Register on the NEF applications portal.
- Submit the business plan and financial model.
- Screening, due diligence and site visit.
- Investment committee approval and legal agreements.
What you will need
- Business plan
- Three-year financial projections
- CIPC registration and shareholder certificates
- ID documents of black shareholders
- Tax clearance
Related reading: How grant deadlines actually work
Source. https://www.nefcorp.co.za/products-services/imbewu-fund/
"ranging from a minimum of R250 000 to a maximum of R15 million. debt, quasi-equity and equity finance products"
Last checked against the official page on 5 October 2026
Source: www.nefcorp.co.za
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