Search
 View Article    

Current Articles | Categories | Search

Twitter and Facebook

Leading empowerment agency, the National Empowerment Fund (NEF) has announced the conclusion of a ZAR41.9-million investment deal to finance a 100% buy-out of Colliery Dust Control (Pty) Ltd (CDC). CDC is a market leader with the manufacture of colliery dust control systems, and the provision of ancillary maintance and technical support systems for the coal mining industry in SA. The transaction involoves a partnership between the Black Economic Empowerment  ("BEE") Consortium led by Ms Babalwa Geza a Mrs Thembi Chagonda, and existing management of CDC. The deal structure leverages the skill set og the BEE Consortium and those of the existing management team, thereby facilitaing skills transfer and ensuring business continuity and growth

Previous Page | Next Page


Comment By Warren M - Read more...

You must be logged in to post a comment. You can login here

);