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March 6, 2009
Laws put obstacles in the way of BEE - Richards
NATIONAL legislation created "significant obstacles" in the path of the Nelson Mandela Bay municipality's reaching its targets in terms of tenders awarded to advance broad- based economic empowerment, municipal manager Graham Richards said yesterday.
Richards was replying to questions at yesterday's oversight committee meeting as to why the metro had failed to meet its black economic empowerment targets. The annual report reveals that in 2007/08 the metro awarded 39 per cent of tenders to previously disadvantaged individuals against a target of 60%.
Posted by StaffWriter at March 6, 2009 7:15 AM
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