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October 12, 2009
Drug multinationals deny evading BEE law
The multinational pharmaceutical industry has denied claims that companies would sometimes use imports as an excuse not to comply with black economic empowerment (BEE) legislation.
This was in reaction to observations by Keith Levenstein, the chief executive of consultancy firm EconoBEE, who on Friday said these companies believed that since they imported most of their goods, their BEE scorecards would be negatively affected. They then chose not to implement the empowerment principles at all.
Posted by StaffWriter at October 12, 2009 10:08 AM