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May 19, 2008

BEE transactions drive domestic corporate activity

South Africa's Black Economic Empowerment (BEE) initiative has been an important driver of domestic corporate activity such as mergers and acquisitions and private equity, says Moody's Investor Services.

In a Special Comment released by the financial research and credit ratings company last week, Moody's said that completed BEE transactions have amounted to over R200 billion.

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Posted by StaffWriter at May 19, 2008 10:40 AM