An empowerment deal by electronics company Reunert that will see R465-million in shares allocated to four individuals has been labelled "uncontrollable greed and gluttony" by the National Union of Metalworkers of South Africa (Numsa).

The union is also threatening protest action by its members against the company and its subsidiary.

According to media reports, Reunert has transferred 2,8% of its shares to four businesswomen -- Cheryl Carolus, Wendy Lucas-Bull, Dolly Mokgatle and Thandi Orleyn, all shareholders of empowerment investment company Peotona.
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