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Financial services and insurance group Aon has unveiled a black economic empowerment (BEE) deal that will see the Vurhonga Consortium acquire a 25.1% shareholding in Aon's South African business for an undisclosed sum.
Steelmaker ArcelorMittal South Africa has announced an empowerment deal worth over R9-billion that will see a 26% stake in the company being sold to the Ayigobi Consortium and a share trust that represents 8 500 of the company's employees.
South African cycling has featured increasingly on the world stage in recent years. Now, Cycling South Africa aims to elevate the sport, for both elite and amateur cyclists, with a grand plan featuring new and exciting events, most notably the Tour of South Africa.
French information technology company Atos Origin has announced an empowerment deal that will see a 26% stake in its South African subsidiary being sold to a consortium of black investors for an undisclosed amount.