Sanlam announces BEE shareholder into Vukile

January 31, 2006

Sanlam Limited today announced the introduction of a 25% Black Economic Empowerment (BEE) shareholder, Vukile BEEShareCo (BEEShareCo) into Vukile Property Fund Limited (Vukile)...

The R 439 million investment by BEEShareCo, a black-owned and controlled entity, is an industry first for a property fund of this size as the transaction results in Vukile immediately achieving its five-year BEE equity target.

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