THE Black Empowerment Investment Consortium (BEIC) has increased its share of food and services group Fedics by purchasing another 20% from Tiger Oats, which is selling its 35% share in Fedics. Tiger got its stake in Fedics by default when it puchased ICS Holdings, and has a policy of not hanging on to minority positions in other firms. The consotrium will own 40% of Fedics after the sale. Investec bought Tiger Oats’ remaining 15% share. BEIC includes Nozala Investments, Siphumelele Investments and Investment Progress Group Holdings.