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November 4, 2008
SA mining empowerment under scrutiny
THE South African government is hosting a summit ahead of a review of the Mining Charter to get a sense if rules governing black economic empowerment (BEE) and enforced equity targets were the best vehicle to change the sector, said mines minister Buyelwa Sonjica.
The government might have to revisit how it measures empowerment compliance by the deadline target of May 2009 for at least 15% black ownership of equity, particularly now the global economic crisis has left a number of empowerment transactions in trouble.
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Posted by StaffWriter at November 4, 2008 7:27 AM