TEBA

As a condition of his offer to purchase TEBA from them, Dr Motlatsi insisted that 25% of the shares of TEBA be transferred to the employees of TEBA by way of the TEBA Employee Trust (TET). His thinking was to provide a way for employees to share in the profits of TEBA, and to promote long-term wealth creation for them, based on the performance of the company. The TEBA Employee Trust (TET) was formally established in 2006. TET TRUSTEES