Discovery Bank will give up to 10% of its shares to black depositors in an empowerment scheme, the Discovery group announced on Wednesday. The shares will be vendor-financed, and so risk-free. The details of how they will be allocated are still being worked out. The plan is for up to 10% of the shares in..
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Racial discrimination: South-Africans can now get free shares in Discovery Bank by depositing money with it – that is of course only if you are Black!
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Solidarity members to strike over Sasol’s ‘white exclusion’
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More than 80% of Solidarity’s members at Sasol in Secunda voted for a strike against the company’s exclusion of white employees from a staff share scheme, the labour union claims in a statement on its website on Sunday.
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