Correctional Services said that “matters are under control” at Johannesburg’s Sun City Prison on Wed.
THE Spar group is selling a 10percent stake to staff and franchise employees in a R1billion deal to meet affirmative action targets.
It plans to issue 18,9million convertible, redeemable preference shares representing 10percent of its total share capital after the deal.
Staff who join the scheme will be locked in for 7 years, providing an incentive to stay with the company. - Sapa