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Implementation Program BEE Financing

Implementation Program BEE Financing. BEE FINANCING. BEE Financing is one of the Programs that is necessary to implement KZN BEE Strategy. This is one of the core elements of the KZN BEE Strategy. BEE FINANCING OBJECTIVES. To coordinate all available funding facilities

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Implementation Program BEE Financing

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  1. Implementation ProgramBEE Financing

  2. BEE FINANCING • BEE Financing is one of the Programs that is necessary to implement KZN BEE Strategy. • This is one of the core elements of the KZN BEE Strategy

  3. BEE FINANCING OBJECTIVES • To coordinate all available funding facilities • To fund empowerment transactions and structure financial arrangements • To coordinate BEE Financing by private sector banks and public sector development financial institutions like NEF, IDC and DBSA.

  4. BEE FINANCING • BEE Financing program is to be called Provincial Empowerment Fund (PEF) • BEE Financing will play a major role of strengthening the BEE instrument of enterprise development. • Access to finance comes out as one of the most urgently felt needs.

  5. PROVINCIAL EMPOWERMENT FUND [PEF] • PEF will be mandated to; • Focus on start-up and venture capital financing • Financing and Administering BBBEE equity deals • Focusing on financing Black Small Businesses that have been awarded contracts but lack funds to execute them

  6. BEE FINANCING • To set up a well structured Provincial Finance team made up of people from, • Private Equity financiers • Funding institutions • Private Banks • Commercial Banks • Government and Public Sector funding arrangements

  7. Finance Information Dissermination • DED will develop and implement information dissemination program to look at • Creating awareness and outreach campaigns of available Government incentives and financial support programs • Ensuring that Black Businesses uses these resources to its fullest.

  8. Thank YouBonga MhlongoD Manager BEE Finance Markets and opportunities.

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