No money in purse, but fund defends Hyde Park store loan, BUSINESS DAY (Late Final) CAPE TOWN — The National Empowerment Fund (NEF) has defended its R34m loan to Ndalo Luxury Ventures, the owner of the luxury designer store Luminance…
NEF invests R34 million in Luminance boutique, Kfm (English) The National Empowerment Fund has provided around R34 million in financing to a boutique in Hide Park, Johannesburg. This is according to statement made by NEF CEO Philisiwe Buthelezi-Mthethwa. She says…
Party of the week was a shiner, SATURDAY CITIZEN, City "THERE was that smell of money in the air," was what Bongang Matheba's stylist, Palesa, had to say about the launch of the LUMINANCE multi-brand department store in Hyde Park…
R31m to 'empower' top businesswoman, DAILY DISPATCH (Final Edition) SUCCESSFUL businesswoman Khanyi Dhlomo's new Luminance luxury-brand store has received a R31.4-million injection from the government. Dhlomo is the founder of Ndalo Media, which publishes Destiny and Destiny Man magazines, and…
Amathole Berries mik hoog, BARKLY EAST REPORTER Wanneer Amathole Berries by Stutterheim in die Oos-Kaap oor 10 jaar in volle produksie kom, sal dit die grootste onderneming van sy soort in die land wees. En, daar is plek vir nog…
NEF: Statement by the National Empowerment Fund, stands by Luminance as a prudent investment, Polity.org.za - Polity Leading black development financier, the National Empowerment Fund (NEF), asserts that its funding of Ndalo Luxury Ventures (NLV) is a perfectly legitimate and…
Luminance opening – a night to remember, Destinyman.com - Destiny Man In partnership with Nedbank Private Wealth, Ndalo Luxury Ventures' new boutique department store, Luminance, officially opened its doors to a plethora of high-wattage stars, impeccable cuisine, cocktails and retail…
Kudos for Holiday Inn, Ecr.co.za - East Coast Radio Holiday Inn has bagged its third consecutive Icon Brand Award in the 'Hotel of the Year' category. The awards aim to praise and benchmark brands that have excelled over time and…
National Empowerment Fund, East Coast Radio (English) The National Empowerment Fund has invested R15 million in F M Crushers near Jozini in Northern KZN. The fund is hopeful that the financial injection will help create jobs and grow economic activity…
AH-Vest settles with empowerment fund, Classic FM (English) AH-Vest has concluded a settlement agreement with the National Empowerment Fund. It relates to legal action instituted by the NEF against the former CEO of AH-Vest, Marci Pather, in respect of which…
