BEE Partner, South Africa Economy Watch

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 »

Sasol petrochemical group sold 20 percent of its Sasol Mining share to Ixia Coal in a deal worth R1.9 billion. Sasol petrochemical group total market value worth R212 billion. The total transaction cost is R9.3 billion which only accounts for 4 percentage of total value. It means Sasol makes 16% discount of its share price. The question is does the sasol loose its money, or does the Ixia Coal make a profit? In other way, whose money has been sacrificed during the deal? By BEEPartner.com editor opinion, If sasol share price going to a downturn, their both loose.