Naspers BEE deal 'this year'

Jun 27 2006 19:40

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Johannesburg - Africa's biggest media company Naspers hopes to conclude a black economic empowerment deal by the end of this financial year, its chief executive Koos Bekker said on Tuesday.

South African cmopanies have to meet quotas on black ownership, employment and procurement aimed at redressing the imbalances of apartheid. Naspers said the deal would be "broad-based" rather than a deal that gives big name black investors a big stake in the company but did not give details.

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NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...