IDC funds empowered fish cannery
With R22-million from the Industrial Development Corporation, an empowerment company has partnered with some of the country's leading fishing companies to develop a new pilchard canning factory in Mossel Bay - the first of its kind in the southern Cape region.
Chinese South Africans qualify for BEE
In a landmark decision, the Pretoria High Court has ruled that South Africans of Chinese descent qualify for the full benefits of the country's employment equity and black economic empowerment (BEE) laws.
Fujitsu Siemens in BEE 'first'
Fujitsu Siemens Computers has sold a stake of just over 25% to the Thuthukani Investment Consortium, making it the first multinational computer maker to sell equity in its South African operation to an empowerment group.
Barloworld unveils R2.4bn BEE deal
Diversified industrial group Barloworld has unveiled a R2.4-billion black economic empowerment transaction that will see 10% of the JSE-listed company's shares being transferred to a strategic partner, employees and community groups.
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