ANC owns major stake in Thebe

Johannesburg - The ANC has a controlling stake in the empowerment group Thebe Investment Corporation, which has shares in Vodacom, Shell SA Refinery, Altech Netstar, Kaya FM and Combined Motor Holdings, among others, the Sunday Times reported on Sunday.

Thebe was founded in 1992 by Batho Batho Trust as an ANC investment company. At the time Batho Batho Trust was its only shareholder, intended to "receive dividends" for the party, declare secret ANC documents found in an abandoned storeroom at the University of Fort Hare in die Eastern Cape. Last week the ANC blocked access to these documents.

The official position to date is that the Batho Batho Trust beneficiaries are historically disadvantaged individuals.

Thebe’s ownership structure has changed over the years to include investors like Absa Capital, Sanlam and Umhlomulo Equity Participation, the share scheme for Thebe workers.

The Batho Batho Trust currently owns about 51.7% of Thebe, which is invested in more than 41 companies, according to Thebe’s website.

- Sake24

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.96
-0.0%
Rand - Pound
20.50
-0.3%
Rand - Euro
17.50
+0.2%
Rand - Aus dollar
10.90
-0.5%
Rand - Yen
0.13
+0.2%
Gold
1,750.46
0.0%
Silver
22.62
+0.8%
Palladium
1,970.64
-0.2%
Platinum
983.87
-0.3%
Brent Crude
78.09
+1.1%
Top 40
57,784
+0.3%
All Share
64,197
+0.2%
Resource 10
57,744
+0.9%
Industrial 25
82,891
+0.0%
Financial 15
14,246
-0.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
What potential restrictions on unvaccinated South Africans may make the biggest difference to public health, the economy?
Please select an option Oops! Something went wrong, please try again later.
Results
Limited access to restaurants and bars
11% - 145 votes
Limited access to shopping centres
15% - 193 votes
Limited access to live events, including sport matches and festivals
27% - 354 votes
Workplace vaccine mandates
48% - 627 votes
Vote