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March 16, 2009
Second mandatory BEE wave may be harder than first - Ernst & Young
JOHANNESBURG - The second mandatory portion of black economic empowerment (BEE) in mining was poised to be more difficult than the first, which was currently being severely stress tested, Ernest & Young director Lance Tomlinson said on Monday.
Tomlinson told Mining Weekly Online, at a media lunch organised by the company's mining leader Adrian Macartney, that the second BEE wave could well also be done differently, possibly using vendor finance rather than bank finance.
Posted by StaffWriter at March 16, 2009 7:18 AM