JSE-listed Reunert has proposed a new transaction implementation agreement that would result in the restructure of its original black economic-empowerment (BEE) deal – extended and increased – and the introduction of an employee share ownership programme. The proposed agreement, with Bargenel Investments, Rebatona Investment, Julopro and the Rebatona Educational Trust, aims to continue to embrace broad-based inclusive growth and empowerment by providing qualifying Reunert employees with an opportunity to participate in the value of Reunert; to continue, through its long-standing relationship with, and support of, the Rebatona Trust, to empower black female youth to obtain a meaningful education and subsequent employment and the relevant training and skills development to succeed in business; and to strengthen Reunert’s competitive position in its respective product and services markets in South Africa.
from Engineering News | Home https://ift.tt/30WSRtG
