Lucid Ventures brings Jamie Oliver eatery to JHB | Fin24
 
  • Solly Moeng

    Give business owners a reason to stay in South Africa.

  • Pravin Gordhan

    The minister says SA is paying more for electricity because of theft at Medupi and Kusile.

  • Keep Flying the Flag

    The ANC says the state must keep a 'restructured' SAA as a national airline.

Loading...

Lucid Ventures brings Jamie Oliver eatery to JHB

Sep 28 2016 13:35

Cape Town - The first South African restaurant in celebrity chef Jamie Oliver's signature chain Jamie's Italian will open in Melrose Arch in Johannesburg in November, according to a statement released on Wednesday.

Venture capital company Lucid Ventures, which was launched earlier this year by kulula.com founder Gidon Novick, announced that it has acquired a 20% stake in Jamie's Italian restaurant chain in South Africa as its maiden investment.

Lucid has an initial capital base of R80m and is an investor group comprising experienced and successful South African entrepreneurs. The initial focus of the fund is on businesses in the fast growing casual dining sector. It is approved by the Financial Services Board and benefits from a tax incentive to encourage investment in new ventures and high growth small and medium enterprises.

Jamie's Italian operates 40 restaurants worldwide. There are plans to open a further four restaurants in South Africa over the next few years.

Read Fin24's top stories trending on Twitter:

jamie oliver  |  restaurants  |  food  |  retail
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...