« Women-led black-owned manganese start-up delivers R223m to shareholders | Main | BEE bearings supplier grows on new projects »
November 7, 2008
High court OKs Absa takeover of MeegBank
MEEG Bank, once the country's only black-controlled lender, will soon become a wholly-owned subsidiary of Absa.
The Grahamstown High Court yesterday sanctioned majority shareholder Absa's scheme to acquire full ownership of the troubled Eastern Cape bank, finally bringing to an end months of uncertainty and wrangling over its future.
Read More
Posted by StaffWriter at November 7, 2008 9:26 AM