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Due diligence: The Mpati Commission found that the PIC had not always adhered to sound policies, processes and frameworks. Photo: Screenshot

Hunt on for PIC’s lost billions

Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals

True blue: The Democratic Alliance wants to table a bill in parliament ending broad-based black economic empowerment policy. Photo: Supplied

ANC, DA in ugly war over ‘nonsense’ BEE bill

The fallout is the latest threat to the fragile government of national unity that has frequently come to the brink of collapse over policy clashes between its two largest parties

President Cyril Ramaphosa and DTIC minister Ebrahim Patel on a guided tour of the exhibition centre at the second Black Industrialists and Exporters Conference. Photo: @PresidencyZA/X

Black industrialists programme needs an overhaul

If the programme is to be a success, the government needs to use all the tools in its kit — and it should start with a definition of what a black industrialist is

End of an era as empowerment icon hands over the reins of the NEF  

National Empowerment Fund leader Philisiwe Mthethwa steps down

The 2021 July riots were the most widespread, coordinated, and visible instance of looting in South Africa.

R1.5bn in funding approved for riot-hit businesses

Agencies emphasise that speed is crucial to rescuing firms affected by July’s unrest

Spin doctor: Iqbal Survé’s African News Agency was contracted to the SSA to provide training, a spokesperson explained. Photo: Delwyn Verasamy

Khaya Koko: The theatre that is our journalism

Journalists’ voices should be the very loudest in calling for the culling of the corrupt among us

Scalabrini launched a constitutional challenge against two sections of the Refugees Act as well as parts of its regulations.
Photo: (David Harrison/M&G)

South Africa excludes refugees and asylum seekers from Covid-19 aid

Despite being protected in South Africa by law, these groups have been swept aside when it comes to relief packages

(Graphic: John McCann/M&G)

EFF offering a solution to the dominance of banking’s Big Five

Many argue such banks will allow the unbanked entry and offer appropriate banking products and services, including to small and medium enterprises

Reflections on power: Deputy Chief Justice Dikgang Moseneke has raised legitimate concerns.

Black firms can again ask for loans from bailed-out NEF

The NEF anticipates receiving billions from the national treasury over the next three years, and a possible R1-billion through a "loan facility".

Mandela film lead actor Idris Elba

Did the Mandela movie really sustain 12 000 jobs?

The NEF says 12 000 jobs were "sustained" during the production of "Mandela: Long Walk to Freedom". But that claim’s false, according to Africa Check.

NEF’s Philisiwe Mthethwa fights back in Parliament

After weeks of allegations and questions around her conduct as NEF chief executive, Philisiwe Mthethwa has defended herself in Parliament.

The department of trade and industry will support the local industry to protect our mutual trade and economic interests, said Rob Davies.

Davies calls for investigation into NEF head

Trade and Industry Minister Rob Davies has called for an investigation into allegations aganst NEF head Philisiwe Mthethwa.

Dhlomo, an already wealthy woman, and her mother, Venetia, own 65% of Luminance. (Gallo)

Khanyi Dhlomo and NEF hit back against reports

The rural women ownership in luxury store Luminance is well on track, according to Khanyi Dhlomo and the NEF, in response to reports to the contrary.

There is still more heat than luminance around Khanyi Dhlomo’s new store. (Gallo)

Khanyi Dhlomo’s Luminance is a little murky

The rural women who Khanyi Dhlomo says are part owners of her luxury store are reportedly in the dark about the deal, writes Verashni Pillay.

Davies issues directive to prevent similar NEF, Luminance deals

Government has issued a new directive in the wake of the controversy over an NEF loan to Khanyi Dhlomo to open luxury retail store Luminance.

Khanyi Dhlomo: More heat than luminance

The Mail & Guardian caught up with Luminance owner Khanyi Dhlomo at her store, which has caused a media storm.

Who is Khanyi Dhlomo?

Her store Luminance has come under intense scrutiny after it was awarded a R34.1-million loan from the NEF. We look at the woman behind the headlines.

Minister calls for report into Khanyi Dhlomo’s NEF funding

The trade and industry minister has called for a detailed report from the NEF into the R34.1-million funding of a clothing shop.

Khanyi Dhlomo.
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Khanyi Dhlomo: NEF funding was above board

Businesswoman Khanyi Dhlomo has insisted that her name did not influence the NEF to provide funding for her Hyde Park retail business.

EFF: Khanyi Dhlomo must return NEF’s R34m

Luxury boutique co-owner Khanyi Dhlomo should distance herself from possibly corrupt politicians and return a loan given by the NEF, says the EFF.