BKS sells further 40% stake to black investors

October 2, 2007
Multidisciplinary engineering and management company BKS Group is now 51% black-owned, after it reached a black economic-empowerment (BEE) milestone with the sale of a 40% stake to Bacacarac Trading, a professional black empowerment group. Black staff has taken a further 11% of equity.
"The transaction is not a drive in the vacuum to attain transformation imperatives, but to enhance the company's commitment to the country's broad-based BEE," said BKS CEO Danai Magugumela.

Read More