Samsung South Africa signs up for Equity Equivalent Investment Programme
In an effort to create jobs in South Africa, a number of multinational companies are signing up for the Equity Equivalent Investment Programme. Samsung South Africa this week announced its multi million dollar programme which is projected to have a measurable impact on job creation and a contribution to the South African economy. The equity equivalent investment programme is an initiative of the Department of Trade and Industry where multinational companies that are unable to sell equity in South Africa are invited to participate and contribute positively towards B-BBEE and development of South Africa. More from Hlubi Shibanda, director for corporate affairs at Samsung South Africa..