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April 20, 2008

Risk management systems can be used to effect BEE

The current credit crisis invites reflection on how far we have come with regards to black economic empowerment (BEE) financing. During the apartheid years when South Africa was isolated, sanctions forced the country to develop self-sufficient financial systems.

The best practices around risk management had to be implemented in order to avoid shocks to financial systems. With the advent of democracy, the same principles were applied to help maintain stability.

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Posted by StaffWriter at April 20, 2008 7:44 AM