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June 27, 2008

EMPOWERMENT - The Mineworkers Investment Company (MIC)

The Mineworkers Investment Company (MIC) has moved way beyond its peers in the mass-based black economic empowerment (BEE) space, with a R248m payout to its shareholder.

This brings MIC's total disbursement to the Mineworkers Investment Trust to R370m since its inception in 1994. The price tag has shamed many other BEE entities that claim to have trusts disbursing to the poor.

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Posted by StaffWriter at June 27, 2008 11:24 AM