Home | About | Link        Procurement Jobs | BEE News  

Join for free

Useful Links


« Last-minute rush to grab Sasol shares | Main | Sasol directors pile into Inzalo BEE shares »

July 11, 2008

Eastern Cape Bank Meeg - shareholder vote to go ahead

Despite potential court cases, arguments over BEE and an apparent falling out between two leading Eastern Cape, the sale of struggling Eastern Cape bank Meeg to Absa appears likely.

The board of Meeg Bank has decided to press ahead with a shareholder poll at the end of the month aimed at selling the bank to Absa (JSE:ASA), bank Chairman Wiseman Nkuhlu said on Friday, despite claims of "collusion" aimed at destroying one of the last black-controlled banks in SA.

Read More

Posted by StaffWriter at July 11, 2008 7:35 AM