A Pretoria-based black economic empowerment company has clinched a deal which will see it acquire a controlling share- holding in one opencast and two underground coal-mines in Mpulamanga for R130-million. The transaction will give Luvhomba Mining, headed by lawyer-turned-businessperson Matthews Mulaudzi, a 51% equity stake in the...
Banking group Absa says it is well prepared to add impetus to the empowerment drive — one of South Africa’s delicate initiatives central to the successful transformation of our society and its economy. Absa is ready to take the country’s black economic empowerment (BEE) process to...
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