Makalani funds BEE deal

February 24, 2007

Listed investment group, Makalani Holdings (MKL), says that it has provided 320 million rand as part funding to True Class Consortium to enable it to acquire a 40% equity interest in Sandown Motor Holdings - a unit of DaimlerChrysler...

True Class is a broad-based black economic empowerment company that is led by Lot Ndlovu and Sipho Majombozi.

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