Luminance is free, Citypress.co.za – City Press
Businesswoman Judy Dlamini has taken over the debt owed by luxury Hyde Park store Luminance to the National Empowerment Fund (NEF).
She said on Friday she has, “through my private company, acquired all of the outstanding debt associated with the Luminance transaction from the NEF”.
“I have done this as a businesswoman who believes she can position the venture for growth in the South African fashion retail sector.” It is unclear how much debt was outstanding. The NEF lent Luminance R34.1 million, but said some of the debt had been paid.