BEE deals may have to be renegotiated

March 13, 2009

MANY of the black economic empowerment (BEE) deals struck in recent years after painstaking negotiations may have to be renegotiated -- a blow to the Department of Trade and Industry's goal for an unprecedented 25% of the economy to be in black hands by 2017, according to analysts.

About R41bn worth of potential BEE deals have been wiped out due to unfavourable trading conditions in the past two years, according to recent statistics released by rating agency Empowerdex.

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