|
|
Twitter and FacebookLeading 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...
Ja ne why can't Nef take risk sometime. I wouldn't mind being monitored or something everyday when I receive the funds to start my business. At the moment I'm part of the Unemployment people doing nothing the only thing I want to do is Open a company an create jobs.
You must be logged in to post a comment. You can login here