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March 25, 2008

BCX's BEE partner cashes out

Business Connexion's (BCX's) black economic empowerment (BEE) shareholder Gadlex will receive R70 million by selling 5% of its BCX interest back to the company.


Gadlex is made up of BCX executives Benjamin and Isaac Mophatlane, Bridgman Sithole and Nkenke Kekana. It will retain a 20.01% shareholding in BCX's operating company.

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Posted by StaffWriter at March 25, 2008 2:40 PM