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Fenner Conveyor Belting (SA) (Pty) Ltd announces landmark BEE deal

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Fenner Conveyor Belting (South Africa) (Pty) Ltd, the country's leading manufacturer and distributor of fire resistant conveyor belting to the local coal mining industry in which it commands a 75-80% market share, has become the first of its sector to conclude a Black Economic Empowerment (BEE) partnership. This landmark announcement marked the sale of 25% plus one share of its issued share capital to Peotona Group Holdings (Pty) Ltd, a women's investment and development company founded by Cheryl Carolus, Wendy Lucas-Bull, Dolly Mokgatle and Thandi Orleyn.