Uitenhage businessman Stephen Dondolo has acquired a significant shareholding in Caltex Eastern Cape Marketer (CECM), the largest distributor in Chevron's Africa-Middle East-Pakistan (AMEP) region, the company announced yesterday. CECM chief executive Clive Berlyn said Dondolo's African Pioneer (Pty) Ltd had purchased a 22% stake in the company for R15-million and joined the board of directors from 1 February 2014. The shares were purchased from the estate of Berlyn's late business partner … [Read more...] about Pioneering investment for Uitenhage entrepreneur
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