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
Sticks & Licks (R15 million)

Project summary

Sticks & Licks is a concessionaire with exclusive distribution agreement with Ola SA (Division of Unilever) for the Durban North Area. The company began its operations in 2007. The NEF is supporting a strong entrepreneur with 18 years’ industry experience. R15 million to expand operations in line with Ola SA’s growth strategy of 850 people per cabinet to 126 people per cabinet. Funding to build a warehouse and cold rooms to accommodate growth from current 180 pallets to 600 pallets. Lude Projects to undertake the nine months’ project in Ballito, Durban, KZN. Sticks & Licks has a low risk profile due to its 5-year exclusive distribution agreement with Ola SA and history of solid performance
and winning awards – Concessionaire of the year award.

 

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