Fashion industry
Fashion designer Hangwani Nengovhela has signed an acknowledgement of debt to repay R2.7 million plus interest to the National Skills Fund after a Special Investigating Unit probe found the funds misused. The grant was intended to train 100 learners in clothing manufacturing but was depleted before training began. Her husband, Tshamano Nengovhela, expressed regret and shifted responsibility to himself.
Reported by AI
Analysts forecast accelerated growth for the global luxury sector in 2026, with China’s consumer spending rebound as a key driver despite challenges from a volatile property market and oil shocks from the war in Iran. HSBC, Deutsche Bank and BNP Paribas predict global sales growth of 5.5 to 6 per cent.