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REAL AFRICA TOO MUCH WHITE IN THE SHAREHOLDER MAKE-UP.

Financial Mail

Byline: Duma Gqubule

Current shareholder structure inhibits black-empowerment deals It's the end of an era, but also the beginning of a new one, for Don Ncube, executive chairman of Real Africa Group, as he prepares to dismantle the company he started eight years ago.

If a board proposal to distribute assets worth nearly R2bn to shareholders is accepted by the group's owners, Real Africa Investments (RAI) and Real Africa Holdings (RAH) will delist from the JSE.

Ncube is adamant that he will not bow out, because he plans to start a new black economic empowerment (BEE) venture.

"Some of the people who started the group are still here. We …

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