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April 4, 2008

Mustek's cheap deal on BEE partner

TECHNOLOGY company Mustek has won a court battle to oust its black empowerment partners by buying back its shares for substantially less than the black investors paid.

Mustek won on a legal technicality, after a judge ruled that an audit of the Puno consortium's racial composition did not carry enough weight to fulfil a loan agreement between them.

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Posted by StaffWriter at April 4, 2008 11:06 AM