Controversial Luminance funding was rejected twice, NEF admits - TopicsExpress

Controversial Luminance funding was rejected twice, NEF admits The application for funding by the Luminance luxury boutique to the National Empowerment Fund (NEF) had been turned down twice before it was approved, the state-supported lender admitted yesterday. Moemise Motsepe, the spokesman for the NEF, said the fund management investment committee of the empowerment lender was not happy with certain elements of the Luminance application. Full story: lnkd.in/fCyscX

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