1. PPC enters R1bn empowerment deal

    fin24.com (Jul 12 2012)

    1. Cement maker Pretoria Portland Cement is to sell a 6.5% stake to its staff and black investors in a deal worth about R1.1bn, to meet affirmative action rules. PPC said the deal - the second in four years - would take shareholding by black investors in its domestic operations to 26% and enable it meet the rules set out by the government.

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