« Higher education software receives acquisition boost | Main | Coega suppliers cautioned to honour BBBEE »

June 3, 2009

ABSA: BEE shareholder to get R1.7bn loan

Absa would provide a R1.7 billion three-month loan to its black economic empowerment (BEE) shareholder, Batho Bonke, the lender said yesterday.

Batho Bonke failed to raise the money needed to fund an investment in the bank.

Posted by StaffWriter at June 3, 2009 9:33 AM

Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?