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/ 19 April 2005

BEE codes: Companies should relax

Reg Rumney’s column "BEE codes could stymie deals" (April 8) makes startling and unsubstantiated suggestions about the draft Code of Good Practice on Black Economic Empowerment (BEE) equity participation that cannot go unchallenged.
Rumney contends that Code 100 "takes a stand against the financial instruments that make BEE deals possible", writes Philisiwe Buthelezi.