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February 11, 2009
Mining BEE needs bailout
South African government may have to consider bailing out black economic empowerment assets as South Africa's mining industry struggles to navigate the global economic storm.
Speaking at the Mining Indaba, Absa Capital principal of investment banking Cliff Zephyrine warned that something will have to be done if BEE transactions are to remain in the hands of black investors.
Posted by StaffWriter at February 11, 2009 11:35 AM