S.Africa's Imperial furthers black empowerment

Newswire

JOHANNESBURG, March 18 (Reuters) - South African transport and industrial group Imperial Holdings Ltd said on Thursday Eric Molobi had been appointed as group non-executive deputy chairman, boosting its black empowerment credentials. Molobi's appointment takes immediate effect and follows the sale of a 10 percent stake to black-led firm Ukhamba Holdings, representing staff, in a 1.3 billion rand ($193 million) deal. Shareholders this month approved the issue of 22.755 million deferred ...

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