'BBBEE ownership codes a challenge'

September 9, 2015

The ownership component of the new broad based black economic empowerment (BBBEE) codes was a challenge and difficult for multinational companies, Ford Motor Company of Southern African (FMCSA) chief executive Jeff Nemeth said yesterday.

Multinationals did not like to dilute their brands and found the ownership component in the new codes "very onerous", said Nemeth, who is also the president of Ford sub-Saharan Africa.

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