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February 9, 2009
Anglo boosts procurement from BEE firms
Anglo American's South African units turned to black companies for 37% of total goods and services procured in 2008 as part of a drive to meet affirmative action targets, it said on Monday.
The black economic empowerment (BEE) scheme is designed to include more black South Africans in the country's mainstream economy after decades of exclusion, and requires companies to meet quotas on black ownership, employment and procurement.
Posted by StaffWriter at February 9, 2009 1:20 PM