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South Africa Investors Blacks

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August 29, 1996 | From Bloomberg Business News
Anglo American Corp. of South Africa said Wednesday that it is selling the bulk of its stake in Johnnies Industrial Corp. to black investors in a landmark deal for black economic empowerment. South Africa's National Empowerment Consortium, representing 50 black economic interest groups, is to take up 41% of the industrial holding group in a deal worth about $890 million.
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BUSINESS
August 29, 1996 | From Bloomberg Business News
Anglo American Corp. of South Africa said Wednesday that it is selling the bulk of its stake in Johnnies Industrial Corp. to black investors in a landmark deal for black economic empowerment. South Africa's National Empowerment Consortium, representing 50 black economic interest groups, is to take up 41% of the industrial holding group in a deal worth about $890 million.
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