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TBM UPS BLACK EMPOWERMENT STAKE

TBM ups Black Empowerment stake You don’t get more Proudly South African than TBM (Three Blind Mice), the electronic media and telecommunications company. The system it uses to deliver adverts via satellite to plasma screen TVs around the country was developed in its entirety in South Africa by South Africans, and now the company can boast that it has increased its Black Empowerment stake to 75.8%. This majority stake is owned by the Limitless Angel Fund, which is 75% held by Hosken Consolidated Investments Limited (HCI), a JSE-listed concern that is 50%-owned by Southern African Clothing and Textile Workers’ Union and The Sactwu Educational Trust (collectively SACTWU). We say, a person WOULD have to be blind not to be a little proud of TBM themselves.

Source: Media Bytes