Johannesburg — BUSINESSMAN Tokyo Sexwale yesterday overhauled the structure of his corporate empire in a R1,5bn deal that consolidated control of his empowerment investments under Mvelaphanda (Mvela) Holdings.
Sexwale's unlisted company, Mvela Holdings, laid the platform for the revamp by disclosing yesterday that it had bought 30% of Mvela Resources, which immediately ensured Mvela Resources exceeds the 2014 mining charter target of 26% black control.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article