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Etymologies
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Examples
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(The internal) report shows that the IFC (the World Bank's private funding arm) overrode its standards, 'said a Sawit Watch spokesperson, quoted by the FPP.
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Godi said the fact that Sawit received government funding meant that
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Parliament's standing committee on public accounts (Scopa) has threatened to subpoena the cash-strapped SA Wine Industry Trust (Sawit) following the entity's failure to honour a scheduled Wednesday meeting with the watchdog body.
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Sawit was founded in 1999 when KWV, the wine and spirits producer, agreed to pay the trust R368 million over 10 years to settle high court action brought by Derek Hanekom, who was then the agriculture minister.
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Scopa had invited Sawit so that the entity could explain its financial woes to the Parliamentary watchdog body.
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Sawit chief executive, Charles Erasmus said the trust has revoked its loan to Phetogo Investments, which in 2004 acquired a
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The SA Wine Industry Trust (Sawit) has withdrawn from a multi-million rand empowerment deal concluded by KWV over two years ago, the trust announced on Sunday.
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Erasmus said Sawit would assist "where possible" to find an investor to take over its financial role.
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African Wine Industry Trust (Sawit) and a black empowerment consortium called Phetogo vying for a 25,1 percent stake valued at approximately R207-million.
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Empowerment Trust, Sawit and Phetogo were refusing to budge from a position where 14 individuals will hold 26 percent of the consortia, the majority share.
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