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July 16, 2009
Spar in a R1bn BBBEE scheme
The deal will see 10% of the company's equity issued to its employees and retail members.
(Reuters) - South Africa's No. 3 supermarket group, Spar Group Ltd, is selling a 10 percent stake to staff and franchise employees in a 1 billion rand deal to meet affirmative action targets.
Posted by StaffWriter at July 16, 2009 12:38 PM