73 HAN­NI­BAL

The Africa Report - - CONTENTS -

EVEN TINY SHIFTS in gov­ern­ment poli­cies can lead to ma­jor changes in who are the win­ners and losers in African economies. The South African gov­ern­ment an­nounced in early May that it is chang­ing reg­u­la­tions on its Black Eco­nomic Em­pow­er­ment (BEE) pro­gramme, a move that will strengthen the po­si­tion of the busi­ness barons. The depart­ment of trade and in­dus­try changed the weight­ing of BEE deals that ben­e­fit com­mu­ni­ties and spe­cial in­ter­est groups. Now com­pa­nies seek­ing busi­ness with gov­ern­ment will have to turn to the coun­try’s busi­ness elite to raise their em­pow­er­ment scores. It is yet to be seen whether the usual sus­pects will ben­e­fit, or whether a fresh batch of Anc-ap­proved busi­ness folk will get the largesse.

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