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Diversified industrial group Barloworld has unveiled a R2.4-billion black economic empowerment transaction that will see 10% of the JSE-listed company's shares being transferred to a strategic partner, employees and community groups.
Robert Hunter put the exclamation mark on a successful week's racing for Team Barloworld when he took line honours in the Cape Argus Pick 'n Pay Cycle Tour on Sunday to help his team repeat the Cycle Tour and Giro del Capo double.
Just days after completing a hugely successful debut outing in the Tour de France, South Africa's Team Barloworld has been rocked by the death of Ryan Cox, the first man to put South Africa on the global cycling map.
South Africa's Team Barloworld wrapped up an outstanding debut at the Tour de France, which ended in Paris on Sunday, with Robert Hunter finishing fourth on the final stage and second in the points' competition, while Mauricio Soler captured the prestigious polka dot jersey, which is awarded to the King of the Mountains.
Robert Hunter became the first South African to win a stage of the world's greatest cycling race when he sprinted to victory in the eleventh stage of the Tour de France in Montpellier on Thursday - the second stage win in three days for SA-sponsored Team Barloworld.
Team Barloworld, the first South African-sponsored team to contest the Tour de France, captured the attention of the cycling world on Tuesday as the team's Columbian climber, Mauricio Soler, scored a brilliant victory on the gruelling, mountainous ninth stage.
Most of the early racing in the 2007 Tour de France has favoured the sprinters. One of the most visible, so far, has been Robert Hunter, leader of the first South African sponsored team to contest cycling's most famous race.