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BEE at a crossroads, – Financial Mail

BEE at a crossroads, – Financial Mail

Trade & Industry minister Rob Davies has requested a detailed report from the National Empowerment Fund (NEF) on the R34m loan it granted to Ndalo Luxury Ventures for a luxury boutique, Luminance, co-owned by Khanyi Dhlomo, that assesses whether the transaction complies with its mandate.

Unwittingly, the Luminance transaction has forced an overdue debate about the shortcomings in the implementation of Black Economic Empowerment (BEE), especially in relation to gender, and the complexities imbued by class and entrepreneurship.


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