SABMiller in R6bn empowerment deal
Global brewing giant SABMiller has unveiled black economic empowerment deal that will see approximately 10% in South African Breweries, worth approximately US$750-million (about R6-billion), being transferred to its employees, black owned retailers and major customers, and the SAB Foundation.
We can do BEE better: Zuma
South Africa needs to review the way in which black economic empowerment is put into effect, to ensure that the policy benefits broader sections of society, says African National Congress (ANC) president Jacob Zuma.
BEE verification agencies selected
South Africa's first 11 BEE verification agencies have been accredited, creating a credible and regulated environment for monitoring and evaluating black economic empowerment in the country.
Grindrod inks R274m BEE deal
JSE-listed shipping and logistics firm Grindrod has struck a R274-million black economic empowerment deal that will see Calulo Petrochemicals and the Adopt-a-School Foundation acquire a combined stake of 25% plus one share in Grindrod South Africa.
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