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July 29, 2008

SA's R20bn banking BEE deals looking shaky

Three years ago, many BEE investors in the big-four banks were confident they would earn a packet. If they cashed out a month ago, many would have got only a few cents.

Thousands of black South Africans who have piled into Sasol's (JSE:SOL) BEE deal confident that their investments are solid as a rock should take a look at roughly R20bn BEE deals done in the banking industry.

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Posted by StaffWriter at July 29, 2008 11:09 AM