Black Empowerment
As a leading company in the property auction -, asset valuation- and asset services industries, Auction Alliance is committed to Broad Based Black Economic Empowerment (BBBEE). For us, it is not a short-term quick fix - it is critically imperative to the continued growth and success of our country, therefore we embrace BEE now and are committed to long-term economic transformation and upliftment.
In 2006, we concluded a significant empowerment deal in which our BEE partners, Amabubesi Investments, acquired a 25.1% stake in the group's issued share capital.
Our property auction group is an accredited Level Four contributor.
Since 2006, Amabubesi Investments have increased their stake in the group to 28.3%.