09 December 2019 - NW1603
Julius, Mr J to ask the Minister of Trade and Industry
(a) What amount did the National Empowerment Fund contribute towards land reform and agricultural projects in each year since 2016, (b) were the amounts in the form of loans and/or grants and (c) what is the success rate of the investment?W2959E
I am advised that since 2016, the NEF has provided R60 million in funding to four companies in relation to agriculture or land reform projects. The NEF provides business funding as a combination of loans and equity and does not provide grant funding. A supplementary reply will be provided with additional information.