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The National Em­pow­er­ment Fund (NEF) con­veys its com­pli­ments and is grate­ful for your es­teemed at­ten­tion on this cor­re­spon­dence.

The NEF wishes to place on record its deep­est grat­i­tude and ap­pre­ci­a­tion for Fin­week ’s rep­utable and in­for­ma­tive cov­er­age of busi­ness and trans­for­ma­tion in gen­eral, and also in re­spect of the loan granted to Ndalo Lux­ury Ven­tures (Pty) Ltd, a trans­ac­tion that was re­cently found, by both the dti and the Par­lia­men­tary Port­fo­lio Com­mit­tee on Trade & In­dus­try, to have been within the man­date and poli­cies of the NEF

We re­gret to ad­vise, how­ever, that the as­ser­tion made by Dr Gavin Sy­manowitz that “Po­lice Min­is­ter Nathi Mthethwa’s wife bought a pair of LK Ben­nett shoes and match­ing bag for more than R10 000”, is patently in­cor­rect and com­pletely un­true. As a mat­ter of fact, Ms Philisiwe Mthethwa, CEO of the NEF, has not bought any item what­so­ever from Lu­mi­nance.

We re­quest for Fin­week to please cor­rect this er­ror and to ex­punge it from the pub­lic do­main.

Please be as­sured of the NEF’s high­est re­gard and re­spect for Fin­week ’s renown as a ver­i­ta­ble au­thor­ity on en­trepreneur­ship

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