Source (unaltered): NEF — PQ705, dtic.gov.za
(
PDF).
IDC — Business Partners List 2024/25, idc.co.za
(
PDF).
Ownership categories inferred from business profile descriptions in the NEF dataset.
NEF — ownership analysis
Black women-owned
194
49.5% of NEF portfolio
Black-owned (all)
387
98.7% of NEF portfolio
Women involvement
49.5%
194 of 392 companies
Loan + grant recipients
77
Received both loan & grant
NEF — overall ownership breakdown
NEF — women-owned % by province
Eastern Cape and Northern Cape have the highest proportion of women-owned businesses funded (65% and 64% respectively). Free State has the lowest at 40%.
IDC — political exposure flags (PEP analysis)
DPEP — domestic PEPs
55
Direct or indirect interest
FPEP — foreign PEPs
12
Foreign politically exposed persons
Immediate family of PEP
4
Relatives with direct interest
No PEP flag
~130
Approx. 65% of portfolio
IDC — PEP flag distribution
IDC — notable PEP-linked deals (top by disbursement)
FICA Schedule 3A disclosure: PEP flags are a legal requirement under the Financial Intelligence Centre Act. DPEPs are the Chairperson, CEO, CFO, and CIO of public entities (PFMA Schedules 2 & 3). The IDC itself is a Schedule 2 entity — so any company in which IDC holds a stake will carry DPEP flags relating to IDC's own board. A PEP flag is not an allegation of wrongdoing.
NEF — women-owned companies: provincial deal count vs disbursement
Despite 49.5% of NEF-funded companies being women-owned or led, Gauteng and KwaZulu-Natal dominate volume. Northern Cape's high disbursement with few women-owned companies reflects the Khatu Industrial deal — itself 100% Black women-owned — receiving R534M alone.