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
Rhino Lodge (R23.7 million)

Project summary

Rhino Lodge is a 44-bed 4-star Safari Lodge located within the Mpembeni Game Reserve. Attractions in the reserve include the Big 5, game drives and walks, bird watching and spa treatments. The shareholders are the Mpembeni Community Trust (33.3%), promoters Henri and Gerhardus Frencken (33.3%) and the NEF (33.3%). The Mpembeni Community Trust represents the interests of approximately 600 households who fall under the tribal authority of iNkosi Hlabisa and the Empembeni Tribal Council. The project has been endorsed by Ezemvelo KwaZulu-Natal Wildlife, the KwaZulu-Natal Tourism Authority and the office of the MEC for Economic Development and Tourism.

 

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