Companies ignore BEE

There's no tangible black economic empowerment in KwaZulu-Natal.

There's no tangible black economic empowerment in KwaZulu-Natal.

This according to a study conducted by the department of economic development.

Addressing businesspeople in Durban yesterday, Premier Sbu Ndebele said the survey indicated that 27 percent of respondents did not feature black shareholding at all, 59 percent had no black ownership and 42 percent had not achieved the target to have 40 percent blacks in management. - Canaan Mdletshe

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