Almost 1500 black empowerment deals worth R285billion were concluded in the past 10 years, the government said on Friday, but details on the beneficiaries were scant.
Almost 1500 black empowerment deals worth R285billion were concluded in the past 10 years, the government said on Friday, but details on the beneficiaries were scant.
"A number of reviews have been conducted to date that demonstrate broad-based beneficiaries are participating in BEE," the government said in a written response to a parliamentary question.
Critics contend that these deals only benefit a small black elite representing faceless beneficiaries and result in "fronting". - Thomas McLachlan with Sapa
Empowerment?
Almost 1500 black empowerment deals worth R285billion were concluded in the past 10 years, the government said on Friday, but details on the beneficiaries were scant.
Almost 1500 black empowerment deals worth R285billion were concluded in the past 10 years, the government said on Friday, but details on the beneficiaries were scant.
"A number of reviews have been conducted to date that demonstrate broad-based beneficiaries are participating in BEE," the government said in a written response to a parliamentary question.
Critics contend that these deals only benefit a small black elite representing faceless beneficiaries and result in "fronting". - Thomas McLachlan with Sapa
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