Khanyi Dhlomo’s Luminance loan was not quite ‘paid’, Citypress.co.za – City Press
The controversial R34.1 million loan by the National Empowerment Fund (NEF) to fund Luminance, Khanyi Dhlomo’s luxury store in Hyde Park, was not exactly paid back, as announced last week.
In fact, the loan was refinanced by an unknown funder. This was not confirmed by Dhlomo, who did not respond to questions.
Philisiwe Mthethwa, CEO of the NEF, announced last week that Ndalo Luxury Ventures (NLV), which trades as Luminance, had “settled its loan obligations in full”.