Imvula Education Empowerment Fund Trust to buy 23% of Ellies
The disadvantaged youth-focused organisation says revived Ellies offers employment opportunities in the formal sector for students
11 August 2021 - 20:28
The Imvula Education Empowerment Fund Trust, an organisation set up by social entrepreneur Taddy Blecher to provide talented but historically disadvantaged youth access to education and employment opportunities, has bought a 23% interest in consumer electronics group Ellies Holdings for R18.5m.
This is the first time that Imvula, which was founded in 2009 as a broad-based black economic empowerment (BBBEE) development trust, has invested in a listed company...
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