Hon Deputy Chair, we welcome hon Londt here in the ranks of the ANC. Hon Minister, we are very impressed with the entities under your department, the Industrial Development Corporation and the National Empowerment Fund that are playing their role in realising an inclusive and transformed society. Yesterday, as the committee we met with the National Empowerment Fund, NEF, and we are very impressed with the work they are doing with regard to Black Economic Empowerment. Actually, it's their sole mandate.
As part of our oversight visits, we have also visited some of the projects that are funded by the NEF. Hon Minister, there are lots of applications that the NEF is unable to fund due to the amount of money that it has. My question therefore is, what is the department doing to ensure that the NEF is recapitalised so that it can continue with the work that it is doing? Thank you very much.