With regard to development of the Workers' Trust, Mr V. Jacobs (Managing Director) stated that the major shareholder, Mr B Lipschitz, indicated to him that he "wants out", on condition that Mr Jacobs takes the liability of the company (R5m). The committee was briefed that Mr Jacobs would take 60% shareholding while 40% would go to the Workers' Trust. Mr Jacobs, however, said that this process was still at an early stage of discussions and that it had not been discussed with the workforce.