Significantly, the charter’s provisions are voluntary, although
lucrative public sector contracts are at stake. The African National
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AfricaNovember 3 2003
RSA gets balance right for empowerment charter
News that South Africa’s financial sector has agreed to an ambitious black empowerment charter has pushed financial stocks upwards. The government-endorsed charter sets down detailed empowerment targets for companies, paving the way for as much as 25% of the sector’s value to be in black ownership by 2010.
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