Investee Stories

As at June 2013, the NEF had approved over R5.05 billion for black-empowered enterprises countrywide, in various economic sectors. 

Below is a sample of these investments:


Funding Solutions
Ndalo Luxury Ventures (Pty) Ltd (R34.1 million)

Project summary

Ndalo Luxury Ventures (Pty) Ltd (“NLV”)

NLV will manufactures its own private label (Luminance) – as a percentage of sales:

• 50% volume
• 30% value

Luminance will also an import luxury brands and Lifestyle brands which are
influenced by international trends for the African market. The brand caters to the affluent, ambitious and educated women who are brand conscious and looking for exclusivity and quality garments. The Luminance store will be located at the Hyde Park Corner shopping centre in Hyde Park.

 

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