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May 9, 2008

A Strong BEE Component

Cape Town-based Afrimat is black empowered with BEE shareholding ahead of Mining and Construction Charter requirements.

Kwezi Mining (Pty) Limited, a broad-based black empowered affiliate of Kwezi (Pty) Limited - a black-owned company - holds 5.9%, Mega Oils (Pty) Limited - a 100% black-owned company, directly holds a 9.2% stake and indirectly holds a 4.8% stake and other black shareholders holds a 0.6% stake in Afrimat.

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Posted by StaffWriter at May 9, 2008 7:38 AM