LETTER: Collapse of NEF underlines folly of employment equity
National Empowerment Fund has the country’s highest-paid public service CEO in Philisiwe Mthethwa
04 November 2020 - 15:52
Just when we thought the government has destroyed all state-owned entities, we have reports that the National Empowerment Fund (NEF) also needs a bailout (“Government fund for black entrepreneurs faces collapse (https://www.businesslive.co.za/bd/national/2020-11-02-government-fund-for-black-entrepreneurs-faces-collapse/)”, November 2). The fund apparently requires R1bn immediately and R1bn a year more for the next five years.
This is the fund that has the country’s highest-paid public service CEO, Philisiwe Mthethwa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.