Newsdeck

Lucid Ventures brings Jamie Oliver eatery to JHB

By News24 28 September 2016

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.

Fin24

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or if you are already an Insider.

SERIOUS CRIMES

ANC MP Mosebenzi Zwane named in Eskom’s R3.8bn looting refund claim but won’t step down

By Ferial Haffajee

"Day and night we are watching over your welfare. It is for your sake that we drink that milk and eat those apples. Do you know what would happen if we pigs failed in our duty? Jones would come back! Yes, Jones would come back! Surely comrades." ~ George Orwell