« ATIO awarded Level 3 B-BBEE Status | Main | AECI eyes bigger move into Brazil, also keen on Nigeria expansion »
July 26, 2011
AECI in R1.2bn BEE deal, half-year earnings rise
Chemicals and explosives company AECI has entered into a R1.2-billion broad-based black economic-empowerment (BBBEE) transaction comprising permanent employees and a community trust that would fund educational and developmental initiatives.
The JSE-listed group, which delivered a stronger performance in the first six months of the year, said on Tuesday the BBBEE transaction would advance its aim of increasing black participation by a broad spread of South Africans.
Read More
Posted by StaffWriter at July 26, 2011 11:54 AM