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Johannesburg's Bus Rapid Transit (BRT) system, Rea Vaya, has had a significant impact on job creation and income generation for its shareholders and the community in general, bus operating company PioTrans said on Tuesday.
Sasol's Inzalo BEE share scheme has surpassed expectations, with the cash offer being oversubscribed by 13% and the funded offer by more than 300%. The company now has 300 000 new empowered shareholders.
South African cement manufacturer PPC has unveiled a black economic empowerment transaction that will see a 15% stake in the company, valued at R2.7-billion, being transferred to employees, an educational trust, a construction industry trust, two community service trusts and strategic black partners.