Resilient's BEE black hole

Resilient's BEE black hole

There's great unhappiness among the black shareholders in the BEE component of the JSE-listed property group, Reslient, who believe they were short-changed.

The Aquarella shareholders claim their shares were worth – and they should have been paid – about R140m instead of the R88m total they received. They say the three BEE entities in Amber Peek should have been paid out R540m in all.

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Des De Beer
Resilient Group
Diversified (pty) Ltd
Amber Peek Investments
Aquarella Investment 553 Pty Ltd
Celtic Rose
Takalani Ravele
Resilient Education Trust
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