Massmart Holdings Limited - Black Economic Empowerment Transaction

May 16, 2006

Africa's third largest distributor of consumer goods, Massmart today announced a Black Economic Empowerment (BEE) transaction designed to empower the group's workforce....

Massmart will issue new shares equivalent to approximately 10% of the company's issued share capital to three trusts representing approximately 14 500 members of Massmart's permanent general staff, previously disadvantaged managers and non-executive directors in South Africa.

... 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.