Absa Group has finalised the details of a new broad-based black economic empowerment (B-BBEE) transaction, to be implemented later this year, subject to shareholder approval. The transaction will strengthen Absa's B-BBEE credentials in South Africa, while also providing communities as well as all staff with an opportunity to benefit from the value generated by the Group. shareholders voted on the transaction at a general meeting on Friday
For more, we are now joined by Miyelani Mkhabela Chief Economist Antswisa Transaction Advisory
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