Like BEE or NOT You Have to Give Assets to Black
October 22nd, 2007 — flymanYesterday (21st of October) Vuyo Jack statement on Business Report showed him unhappy about the mining industry’s action to BEE. Based on Vuyo Jack’s statement, government made a move to force mining firms to sell their asstes to black investors. Actually the charter required mining firms to sell at least 26 percent of their assets to black investors by 2014. Government was not happy for everybody wait until the deadline. So the smart choice was to force ming firms to do something. Of course, they don’t want to immediately to scare away the foreign investors. They chose to give pressure on SA mining industry first.
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