BEE deal will cost Massmart R235m

The BEE deal announced in July by wholesaler Massmart will cost the group R235million over six years, the group said yesterday.

The BEE deal announced in July by wholesaler Massmart will cost the group R235million over six years, the group said yesterday.

Earlier this year Massmart shareholders approved a R1billion BEE deal, which would see two trusts representing about 14500 permanent general staff and black staff in South Africa take up 10 percent of the company. - I-Net Bridge

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