Industrial group Barloworld is optimistic that qualifying black South Africans will respond positively to its offer to buy a maximum of 30% of the shares available in a new black-owned property company, called Khula Sizwe Property Holdings, being created as part of a larger R3.5-billion broad-based black economic empowerment (BBBEE) transaction. The property component of the transaction involves the sale by Barloworld of 68 mostly industrial properties across South Africa to Khula Sizwe. The transaction will also be accompanied by a ten-year triple-net lease with Barloworld South Africa and Barloworld Logistics, escalating at 8% a year.