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August 28, 2008

Imperial's BEE blunder

Wednesday's announcement that Imperial (JSE: IPL) will have to write off a further R308m in connection with its BEE deal with Lereko Mobility once again raises questions about its structure.

Speaking on SAFM Market Update with Moneyweb new CEO Hubert Brody said, the "Lereko transaction, in hindsight" was not done optimally.

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Posted by StaffWriter at August 28, 2008 7:14 AM