This paper studies the mutual information transfer characteristics of a novel iterative soft interference cancellation (SIC) aided beamforming receiver communicating over both additive white Gaussian noise (AWGN) and multipath slow fading channels. Based on the extrinsic information transfer (EXIT) chart technique, we investigate the convergence behavior of an iterative minimum bit error rate (MBER) multiuser detection (MUD) scheme as a function of both the system parameters and channel conditions in comparison to the SIC aided minimum mean square error (SIC-MMSE) MUD. Our simulation results show that the EXIT chart analysis is sufficiently accurate for the MBER MUD. Quantitatively, a two-antenna system was capable of supporting up to K=6 users at Eb/N0=3dB, even when their angular separation was relatively low, potentially below 20 .