n Without Prejudice - Barloworld conquers its Bonette-Restefond : deal activity

Volume 8, Issue 7
  • ISSN : 1681-178X



International industrial branded management company, Barloworld, sponsor of South Africa's Tour de France cycling team (), has been facing its very own Bonette-Restefond since Public Investment Corporation (Barlow's single largest shareholder with 17%) chairman Brian Molefe took his gloves off at the company's AGM in January last year. In a well-publicised, and vicious attack, Molefe berated the board for its lack of transformation and its failure to implement an empowerment deal at holding company level 13 years into democracy.

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