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March 3, 2009
Why BEE deals are not SA's subprime banking crisis
THOUGH SA has been relatively immune to the global financial meltdown , it has not escaped it. The JSE has fallen about a third in less than a year, and many black economic empowerment (BEE) investors have seen their investments fall below their entry price levels.
There has been concern as to the risks which banks face, as many have funded these transactions. Banks' BEE exposures have been likened to SA's subprime crisis.
Posted by StaffWriter at March 3, 2009 11:42 AM