« Empowerment machine is due for streamlining | Main | DTI could improve implementation of BEE programmes - Mpahlwa »
November 27, 2008
SA mining - The politics of profits
Focusing on the crippled platinum sector, analysts at the Royal Bank of Canada examine the topic of "BEE Bankruptcy - 2009 The Acid Test".
LONDON -
In 1994, South Africa changed from white-rule to a broad-based democracy. This was rapidly followed by financial and legal engineering that aimed to uplift the previously disadvantaged communities into mainstream economics. This became known as BEE [Black Economic Empowerment] and since 1998 every company in South Africa has had to deliver targeted BEE levels in employment, training, community support and equity participation (amongst many others).
Read More
Posted by StaffWriter at November 27, 2008 2:44 PM