Employees Benefit From Shares When They Retire
We take pride in looking after our own. In 2003, First African Holdings (FAH), the holding company of AfriClad, established a BBBEE transaction that saw previously disadvantaged staff take up a 40% stake in the company.
What this meant was that employees working at FAH received shares in the company, which they could cash in on when they retire. You can read more here about how Daphne Joubert and Naties Jacobs recently received generous cheques by selling their shares when they retired.