Andisa concludes BEE deal

November 20, 2006

Andisa Capital on Monday finalised an empowerment transaction that involved Standard Bank reducing its shareholding in Andisa Capital from 79 percent to 20 percent by means of a disposal of a 34 percent stake to Safika Holdings and 25 percent to management of Andisa Capital...

Safika now holds 55 percent of Andisa Capital, Andisa management 25 percent and Standard Bank 20 percent.

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