Absa mulls new R9.6 billion empowerment plan

Oldfut

Senior Member
Joined
Jan 28, 2018
Messages
891
This is great news!

Now to head off to EE and sell all Absa Shares....
I wonder if there is any correlation available between announcement of a "BEE" (aka shares to ANC cadres) scheme and the share price, up or down. Mostly down I imagine as the empowerment plan is likely an unrecoverable and unproductive cost. Well, unless you get Cyril on board to deal with pesky striking miners.
 

Thor

Honorary Master
Joined
Jun 5, 2014
Messages
42,498
Wasn't planning to ever use Absa, but even less so now.
 

TelkomUseless

Honorary Master
Joined
Mar 13, 2006
Messages
11,309
Will black people still be label as previously advantage after getting free money (for the x time) ? And BEE/ AA designated jobs...
 
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