BEE Partner, South Africa Economy Watch

The whole week hiking price of oil, nobody can stand still. We need to find out who is indeed stimulate it.

A week after failing to deflate record oil prices at a summit in Saudi Arabia, the world’s biggest crude producers and consumers will get another chance to tackle the problem at a new meeting this week.

More than 3 000 delegates, including leading corporate and political figures, are to meet at the 19th World Petroleum Congress (WPC) in Madrid, which runs from tomorrow to Thursday after an official opening reception yesterday.

“It’s the Olympics of the oil and gas industry,” said Pierce Riemer, the director of the WPC. Read the rest of this entry »

South African local Chinese are in the “black people” which is designed to benefit previous apartheid disadvantaged groups. Are they are fully black now? Do they really benefit all the advantages of BEE Act? According to the report this morning, Chinese are not fully black.
Johannesburg - The National African Federated Chamber of Commerce and Industry (Nafcoc) has slammed a high court ruling that defines Chinese South Africans as black and gives them the full benefits of affirmative action legislation, claiming the black economic empowerment (BEE) “cake” was too small to share. Read the rest of this entry »