« Italtile BEE deal to test Companies Act | Main | Denel nets R8 billion arms deal contract »
May 15, 2007
Santam's BEE deal moves ahead
Santam is set to begin implementing its R915-million broad-based black economic empowerment (BBBEE) scheme following the fulfillment of all remaining conditions precedent this week..
According to CE Steffen Gilbert, the short-term insurer is eager to finalise the process that will see 10 percent of its shares sold to a range of previously disadvantaged individuals, comprising qualifying Santam staff, business partners and black communities in which the group is operating.
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.
Posted by bernievn at May 15, 2007 5:15 AM