IDC, NEF eye amalgamation

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Johannesburg - The plan to incorporate the National Empowerment Fund (NEF) into the Industrial Development Corporation (IDC) is far from ironed out.

The intention to go ahead with this merger was announced this week, but all the essential details will still be determined by a new task team.

This includes whether the NEF retains its board and executive as it is, what funding it will get from the IDC and – crucially – who will call the shots.

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