Liberty-Stanlib make BEE history

December 6, 2006

A ground-breaking BEE deal set up by prominent black businessman, Saki Macozoma, has allowed for 11 broad-based community organisations and companies to receive a share of over R629-million in shares and cash...

The transaction will see insurance giant, Liberty, buy back the shares in investment management company Stanlib currently owned by Quantum Leap, a company that is in turn 51 percent owned by Macozoma’s Safika Holdings and 49 percent owned by two trusts that represent 11 beneficiary organisations and companies.

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