NEF approves R46m BEE payout

The National Empowerment Fund has approved a R46million disbursement to Western Cape empowerment consortium, Amaza Brickworks. Chief investment officer, Frencel Gillion, said the investment is the largest to date. It will facilitate the acquisition of a 74percent share by Amaza in the False Bay Bricks business through a new company structure. - I-Net Bridge

The National Empowerment Fund has approved a R46million disbursement to Western Cape empowerment consortium, Amaza Brickworks. Chief investment officer, Frencel Gillion, said the investment is the largest to date. It will facilitate the acquisition of a 74percent share by Amaza in the False Bay Bricks business through a new company structure. - I-Net Bridge

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