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OPTIMISTIC: NEF chief executive Philisiwe Buthelezi

NEF executives are currently in the US to present these plans to various financiers for the purpose of mobilising foreign direct investment into South Africa through the NEF's Strategic Projects Fund, says chief executive Philisiwe Buthelezi.

Buthelezi says these greenfield projects are located across various sectors of the economy and include tourism, mining, minerals beneficiation, agri-processing, renewable energy, business process outsourcing and infrastructure development.

"Given the need for the country to maximise job creation, very solid work has gained momentum in the NEF's Strategic Projects Fund (SPF), a unit established with a mandate to increase the participation of black people in early stage projects that are aligned to national government policy," she says.

"The SPF has been created to seek competitive opportunity for the South African economy and the inclusion of black participation in opportunities at the outset of projects, as opposed to doing so during equity closure.

"This area of work holds out lucrative opportunities for foreign direct investors who wish to become partners in a developing economy that is buttressed by a stable and vibrant democracy." -

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Sat May 25 12:03:33 SAST 2013 ::

Sep 27, 2011

Bombay_Mafia

do we need ANC membership to qualify for funding ?
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Sep 28, 2011

Pointman

She should start a fund to educate her so called "analysts". They should publish a list of the ventures they have funded.
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Sep 28, 2011

Pointman

When will this government understand that it is not about the money. If we provide the right environment then money will come. Talk about nationalisation, labour laws skewed heavily in favour of employees, low productivity, low education, expensive labour - the people will the money are running and not looking back.
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Sep 28, 2011

TjoVtjo

Oh, such BS. These guys at the NEF couldn't organise a piss up in a brewery. How does Government justify their existance?
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Sep 28, 2011

TjoVtjo

@Pointman
@Bombay_Mafia

Spot on Gents
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