n Without Prejudice - Barloworld conquers its Bonette-Restefond : deal activity
|Article Title||Barloworld conquers its Bonette-Restefond : deal activity|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Aug 2008|
|Pages||60 - 61|
International industrial branded management company, Barloworld, sponsor of South Africa's Tour de France cycling team (Editor: following a doping scandal, it has since withdrawn from future Tour's), has been facing its very own Bonette-Restefond since Public Investment Corporation (Barlow's single largest shareholder with 17%) chairman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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