Black economic empowerment
Broad-based black economic empowerment remains an integral part of South Africa's economic policies and transformation, President Jacob Zuma said at the opening of the inaugural B-BBEE Summit in Johannesburg on Thursday.
The Marine Living Resources Amendment Bill aims to give small-scale fishers collective fishing rights for the first time, helping to root out poverty and poaching in South Africa's 150 fishing communities.
South Africa's Black Economic Empowerment Amendment Bill aims to ensure that black people become not merely owners but active participants in companies, Trade and Industry Minister Rob Davies said as Parliament prepared to debate the draft law on Thursday.
South Africa's black middle class has more than doubled over the last eight years, growing from 1.7-million South Africans in 2004 to an estimated 4.2-million in 2012, according to new research by the UCT Unilever Institute of Strategic Marketing.
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