BEE partner increases stake in TFM to 25%

October 7, 2011

Truck body specialist TFM said on Friday that its broad-based black economic-empowerment (BBBEE) partner, the Disabled Empowerment Concern (DEC) Trust, has increased its stake in the company to over 25%.

CEO Mike Tomsett said the move enabled TFM to fulfill its social responsibilities and it employment obligations through ownership.

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