Discovery's BEE deal restructured: BEE partner extending their commitment; locking in substantial value realised to date
Discovery today announced a restructure of its Black Economic Empowerment (BEE) transaction with WDB Group, a leading broad-based women’s empowerment group operating in South Africa. The restructure will see WDB extend its commitment by an additional two years until at least December 2017; thereby allowing the empowerment group to lock in substantial value realised to date. The initial transaction, done in November 2005, was aimed at contributing to the socio-economic development of women in some of South Africa’s most vulnerable and historically disadvantaged communities.