Empowerment Partners
Free State Biofuels
Free State Biofuels is a 100% black-owned company holding the equity interests of leading black industrialists.
The National Empowerment Fund
The National Empowerment Fund (NEF), established under the National Empowerment Fund Act No. 105 of 1998, serves as a pivotal institution in advancing black economic participation in South Africa. Its mission centres on being a catalyst for Broad-Based Black Economic Empowerment (B-BBEE), devising innovative investment and transformation solutions to further sustainable black economic involvement in the nation’s economy.
Upheld by legislative mandates such as the Public Finance Management Act and aligned with governance principles from sources like the King III Report, the NEF aspires to be the leader in groundbreaking transformation solutions, fostering an economically inclusive South Africa. Beyond financing, the NEF also emphasises the importance of cultivating a culture of savings and investment among black South Africans.
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