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Mar 31 2010 10:52

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Jana Marais
Cape Town – Government departments will increasingly make black economic empowerment (BEE) an essential component of their operations by including, for instance, strict requirements for ownership and staff composition in industry-specific legislation, rather than making companies adopt voluntary industrial codes as is currently the case, reckon empowerment consultants. The government will begin to bring all existing legislation into line with the Broad-Based Black Economic Empowerment Act.
This will have a particularly heavy impact on companies that depend on government spending, or that require licences to do business in specific industries, reports Fin24.com.

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