NEF: Statement by the National Empowerment Fund, stands by Luminance as a prudent investment, Polity.org.za – Polity
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 praiseworthy investment that accords with its mandate and policies as it supports a company that is owned and managed by black women in an untransformed sector.
Established by the National Empowerment Fund Act No 105 of 1998, the NEF is a driver and a thought-leader in promoting and facilitating black economic participation through the provision of financial and non-financial support to black empowered businesses, as well as by promoting a culture of savings and investment among black people.
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