BIFM to issue 21.8m shares to citizen employees

According to a notice to shareholders, the establishment of the Citizen Economic Empowerment scheme is intended to sweeten the remuneration package of employees and boost retention rates.

“BIFM places strong emphasis on the recruitment and retention of executives, and quality employees with talent in all areas of BIFM operations and in particular, that possess the drive, leadership skills, expertise and experience, as the company considers these to be qualities that will assist BIFM realise its strategic and long-term business goals,” the notice reads.