Finweek English Edition - - Focus on Bee -

by black eco­nomic em­pow­er­ment play­ers on the JSE is nowhere near the pro­jected tar­gets of around 25%, a new trend has been slowly emerg­ing. Af­ter us­ing the first em­pow­er­ment wave in the late Nineties to build bal­ance sheets by buy­ing any­thing wher­ever they could find fi­nan­cial as­sis­tance, the more es­tab­lished em­pow­er­ment play­ers are now slowly mov­ing to be­come op­er­a­tors.

Tak­ing the lead has been the Minework­ers’ In­vest­ment Com­pany (MIC), which has in less than four years par­tic­i­pated in multi-bil­lion rand pri­vate eq­uity buy­outs of listed com­pa­nies in which it was al­ready the

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