More Investee Stories

As at March 2012, the NEF had approved over R3 billion for black-empowered enterprises countrywide, in various economic sectors.  


Below is a sample of these investments:


A shopping centre for the people, by the people

R50 million for Orange Farm Shopping Centre, trading as Towns Square Mall, in Gauteng

In the peri-urban area of Orange Farm, in Gauteng’s Johannesburg south, the NEF has approved R50 million to support 19% upfront community ownership of a regional shopping centre measuring 39 000m2. 

The mall will be anchored by major brands such as Pick’ n Pay, Shoprite, JD Group, Edcon and Thusong Services housing Home Affairs, SARS and the Department of Labour . 46% of the shops will be let to black tenants in a mall whose commercial viability is based on 80% confirmed leases. 

The investment will create 750 permanent jobs and around 2000 jobs during construction. Between 20 and 30% of project value will be spent in the Orange Farm area, and retail store opportunities will be made available to hawkers and taxi owners.

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