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August 10, 2008

The Offsets: No Great Shakes

In 2004, MAN Ferrostaal invested about € 9-million in South African Micro-Electronic Systems (Sames), a subsidiary of venture capital company Labat Africa, which makes semi-conductors .

Sames was chaired by former minister of defence Joe Modise before his death in 2001. Barbara Masekela, former ambassador to France and the US, was also at one stage a director.

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Posted by StaffWriter at August 10, 2008 7:11 AM