Microsoft launches half-billion rand BBBEE deal

April 23, 2010

In one of the biggest equity equivalent deals seen in South Africa to date, Microsoft is to invest almost half a billion rand over the next seven years into the local software industry

The deal, announced today by Trade and Industry Deputy Minister Maria Ntuli and Microsoft South Africa managing director Mteto Nyati, is part of the company's broad-based black economic empowerment (BBBEE) programme.

Read More