NEF to continue supporting black entrepreneurs

Picture Thinkstock

Picture Thinkstock

Black entrepreneurs would continue to receive dedicated support and assistance with the development of their business plans and overall entrepreneurial support, the National Empowerment Fund (NEF) in a statement on Wednesday.

The NEF said they would continue to to offer support through product advisory services, which included business incubation, entrepreneurial skills training and mentorship support.

There were also referals to other agencies within government’s Economic Cluster with a specific mandate to assist companies with the development of business plans, including entities such as the Small Enterprise Development Agency (SEDA).

In a report on Tuesday, the Sowetan stated that Enterprise SA, which was contracted by the NEF to run an online business planner tool, had on Sunday notified customers that the services which since 2009 had assisted some 20,000 users in the design of business plans, was not available until further notice.

It is believed the Enterprise SA service was suspended due to a breakdown in communication with the NEF.




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