Growthpoint proposes R250m empowerment deal
Growthpoint will allocate shares to a special-purpose CSI Trust, which will use dividends from its Growthpoint shares to fund initiatives
21 June 2023 - 16:29
Growthpoint Properties, a bellwether of SA’s commercial real-estate market, has proposed a R250m broad-based black economic empowerment (BEE) ownership scheme to help fund initiatives focused on education, entrepreneurship and enterprise development.
The proposed transaction would see Growthpoint allocate shares to a special-purpose corporate social investment (CSI) trust, which would use dividends from its Growthpoint shares to fund the initiatives. ..
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