Cape BEE deal does not empower blacks

January 17, 2006

The multi-million-rand Big Bay BEE (Black Economic Empowerment) deal initiated by Nomaindia Mfeketo, the Cape Town mayor, is not benefiting the intended people...

The 16 of the 17 BEE companies that were awarded tenders for the multi-million-rand development are selling their plots for a nominal fee to white buyers, thus defeating the purpose of the deal.

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