Advantage BEE deal announced

August 17, 2005

Advantage Asset Managers has announced that they have agreed terms with a potential black economic empowerment shareholder in the form of broad-based women’s development and empowerment group WDB Investment Holdings (WDBIH)...

Making the announcement in Johannesburg, Advantage Asset Managers MD Morris Mthombeni said that the new partner was a natural fit for the company: “Firstly we have a broad-based BEE partner, which has similar long term goals and a clear commitment to add value to the business.

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