Philisiwe Mthethwa is the Chief Executive Officer of the National Empowerment Fund.
Philisiwe Mthethwa Mthethwa holds an MBA Corporate Finance from the University of Sheffield, and has studied towards the MSc Economics (thesis not defended) at the University of Paris.
Mthethwa announced on Friday that the NEF would be helping South Africa, they are about to help thousands of South Africans. This fund will comprise of blended funding of R300 million in loans and R150 million in the form of grants.
Speaking to City Press on Wednesday, NEF CEO Philisiwe Mthethwa said that, in response to the social unrest, the department of trade, industry and competition established a war room that met twice a week to assess the severity of the unrest on businesses and to help government craft a response to the challenge.
The National Empowerment Fund (NEF) and the Solidarity Fund will together establish a relief fund for formal small, medium and micro enterprises (SMMEs) that were hit by riots in KwaZulu-Natal and Gauteng July.
“Affected businesses will need to show that they are not covered by insurance or that, if they are covered, there exists an insurance shortfall,” she said.
As a result of the riots, economic growth fell 0.4 percentage points, according to PwC.
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