Group Five reviews enquiries around voluntary rebuild programme

JSE-listed Group Five, led by CEO Themba Mosai, on Monday said it had received a number of enquiries and correspondences regarding equity-based transactions at both the group and subsidiary company level, which forms part of the voluntary rebuild programme (VRP). Group Five, along with five other South African construction companies, in October last year, signed the VRP agreement with government, committing to either sell at least 40% equity to black South Africans or to implement initiatives to mentor up to three emerging black-owned enterprises.