| Summarised notes to the consolidated financial statements l Note 13 |
|
| 13. |
Events after the reporting period |
| |
On 23 October 2015 the company bought 14 485 013 Barloworld shares from the strategic black partners and community service groups at par and cancelled the shares in terms of the 2008 B-BBEE transaction. On 5 November 2015
the strategic black partners and community service groups subscribed for 1 590 622 Barloworld shares at R179.69 per
share. In addition the participants subscribed for an additional 450 000 Barloworld shares at par.
Subsequent to year-end, Automotive Northern Cape acquired the net assets of the Toyota and Volkswagen dealerships in
Postmasburg for R28 million, effective 31 October 2015. |
| Summarised notes to the consolidated financial statements l Note 13 |
|
|