News24.com | Momentum, Absa to fund share programme for black staff

Momentum and Absa have agreed to a deal that will see 3% of the insurer’s shares offered to black employees. Preference shares will be issued through a special purpose vehicle to Momentum and Absa for R700 million and R350 million respectively. At least 55% of the programme’s proceeds will go to black women employees. Insurer Momentum…Continue Reading