(Image: Imperial Logistics)

DUBAI GROUP’S ACQUISITION OF IMPERIAL LOGISTICS TO INCLUDE BLACK-OWNERSHIP

DP World buys Imperial Logistics for R12.7 billion, vowing to comply with BBBEE Act. A few weeks ago the Competition Commission blocked the sale of Burger King South Africa to a private equity fund to forestall the loss of black-ownership Read the full story

COCA-COLA INCREASES B-BBEE OWNERSHIP TO 20%

Johannesburg – Coca-Cola Beverages South Africa (CCBSA) has increased its Broad-based Black Economic Empowerment (B-BBEE) ownership to a revised 20% target, with a significant worker ownership component. “This updated agreement will result in employees increasing their current holding of around 5% Read the full story