2000

01 Jan 2000

• Establishment of Batsumi Airport Ventures in a JV with Cape Union Mart to sell adventure gear
• The shareholder value of Thebe is decimated and fundamental restructuring of the Group begins
• Establishment of the Group BEE Index (Thebe companies are measured by reference to board control or equity holding, effective economic interest, management & employee demographics and affirmative procurement)
• Strategic decision is made to focus on financial services (including private equity investments) and tourism, and to dispose of all other assets that do not fit this description
• Sale of remaining stake in SA Express
• Negotiations to acquire a stake in Shell SA commence