Fenner conveyor belting announces landmark BEE deal

May 16, 2006

FENNER (South Africa), the country’s leading manufacturer and distributor of fire resistant conveyor belting to the local coal mining industry in which it commands a 75-80% market share, has become the first of its sector to conclude a Black Economic Empowerment (BEE) partnership...

Today’s landmark announcement marks the sale of 25% plus one share of its issued share capital to Peotona Group Holdings (Pty) Ltd, a women’s investment and development company founded by Cheryl Carolus, Wendy Lucas-Bull, Dolly Mokgatle and Thandi Orleyn. The deal will become effective within 60 days

... read more

If a link does not open, right click on it and select "open in a new window"

What do you think about this article? You can air your views in the space provided below.