I&J freeze irks BEE partners
Partners say participants in the B-BBEE transaction could be seen as having been reduced to a business commodity
09 July 2023 - 07:15
Disgruntled empowerment partners are planning to have one of South Africa’s largest fishing groups investigated after the company announced it would discontinue a R1.2bn empowerment deal that smoothed the way for it to secure fishing rights.
Mast Fishing Investment Holdings and Ntshona Investments, which have been I&J's empowerment partners since 2004, received a letter on June 13 stating AVI’s intention not to extend a broad-based BEE transaction with them when the deal expired on July 1...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.