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29
Sep
2016
Wescoal lifts black ownership to 59% in ‘transformational milestone’By:Contributing Editor Online COAL JSE-listed Wescoal has entered into a subscription agreement that will raise its black ownership to about 59%. The company’s long-term coal supply agreement with State-owned Eskom requires it to increase its black economic empowerment (BEE) ownership to more than 51% by end December 2016.
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