Defining black ownership is a complex business, as the JSE’s contradictory figures have shown.
Arcelor deals might be legal and even in line with
‘old-fashioned’ BEE practices, so why the fuss?
The formerly disadvantaged will be able to pick up shares at an 80% discount.
The company illustrates the poor record of parastatals in black economic empowerment at the ownership level.
The company’s black workers and trusts are the
beneficiaries in a vendor-financed scheme that sees
them getting a 25% share of the company.
A new MTN deal lights a spark of hope that all the big BEE transactions may not be over yet.
No image available
/ 27 November 2009
The value of black empowerment deals this year so far, is less than half that of 2008.
One big difference between the Vodacom retail offering and that of Sasol is that there is no option to buy shares outright for cash.
The Public Investment Corporation has supplied the money for two of the biggest disinvestments from South Africa since the apartheid era.
No image available
/ 3 December 2007
The bid by Koni Media to buy Avusa, formerly Johncom, has highlighted a long-time BEE fascination with newspapers. From a business point of view, there are other lucrative and less troublesome areas for investment and BEE investors need cash flow to pay back the money they have raised, writes Reg Rumney.