Why Holcim really left

October 30, 2007

My rhetorical question about the reason for one of the world's biggest cement companies disinvesting from South Africa has been answered.

Multinational Holcim, based in Switzerland, brought about one of the bigger black economic empowerment (BEE) deals last year by selling its stake in Holcim South Africa down to 8% from 54% for about R7,4-billion.

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