Creating a major black property player
Nov 15, 2019
3 minutes
By Andile Ntingi
there is no denying that black economic empowerment (BEE) has taken a huge step backwards over the last decade, slowing down the wealth accumulation by black people which started in 1994 under the presidency of Nelson Mandela and gained momentum during the nine-year reign of his successor, Thabo Mbeki.
In the years leading up to the global recession of 2008 and 2009, South Africa saw a string of headline-grabbing blockbuster BEE transactions being concluded, whereby a number of black consortia bought
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