Glenrand announces BEE deal

October 13, 2005

Insurance broking and financial services group Glenrand M.I.B has concluded a strategic black economic empowerment transaction that will increase BEE shareholding in the group to 27.4 percent...

The transaction introduces two new broad-based BEE groups — Ayavuna Women's Investments and Matemeku Investments — and increases the shareholding of Glenrand M.I.B's long-standing BEE partner, Kunene Brothers.

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