EMPOWERMENT
STATUS
Anchor Industries’
shareholding consists of Anchor Industries management
owning 50%, the Old Mutual Investment Group of
South Africa (OMIGSA), represented by the Entrepreneurial
Ventures Fund owning 24.9%; and Anchor Industries
BBBEE Staff Trust, holding the remaining 25.1%
of the company’s equity in the form of a
Staff Investment Trust. Anchor Industries’
BBBEE restructuring represents shareholders’
commitment to transformation as an imperative
business decision as well as the moral obligation
to empower staff and management. The BBBEE deal
strengthened the relationship between Anchor Industries
and the Western Cape government who contributed
R200 000 to the pre and post deal costs.
Anchor Industries
received an Award for Transformation from the
South African Oil and Gas Alliance (SAOGA) for
the company’s commitment to their staff
and Broad Based Black Economic Empowerment.
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