NUMSA commemorates the 100 year anniversary of the Russian Revolution

Archive for February, 2007

Metair share deal with royal community enrages Numsa

Auto component manufacturer, Metair, has recently concluded a narrow black economic empowerment deal with the Royal Bafokeng Holding. Metair is owned by the Wessels Family Trust, which formally held a majority shareholding in Toyota South Africa. And, it has found new relationship with the Royal Bafokeng Holding (RBH) which has acquired 606 581 shares in […]

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R475m BEE windfall for four women is a complete mix up-Numsa

Concerted efforts by big capital to muddle up black economic empowerment are out in the open. Electronics company Reunert’s empowerment deal which saw the country’s four richest women, including a white businesswoman allocating millions of shares among themselves only served to “resist meaningful transformation”. Former ANC deputy secretary general Cheryl Carolus, one-time Spoornet chief executive […]

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