Sector: Manufacturing – Textiles
ZAR125 million (USD9.5 million or €7.9 million)
The project aims to set up a design and production facility in Gauteng, that will service the textiles, retail and corporate wear industry. The entity will add value to textiles through its fabric printing capabilities, manufacture clothing for private designers as well as general retailers; and produce corporate wear for clients such as SAA, National Treasury, etc. The company currently produces designer and retail wear at a small scale. The larger manufacturing facility aims to create over 300 jobs and revive an ailing textiles sector by bringing back manufacturing skills in the country.
|Project Development Stage||Financial Close|
|NEF Investment to Date||ca. R200 million|
|Project Promoter||House of David Tlale|
|Projected Financial Close Requirement||ZAR125 million (USD9.5 million or €7.9 million)|