Reg Rumney

The Department of Trade and Industry’s black economic empowerment codes of good practice on ownership and management last week became as mysterious as the Da Vinci codes. And this is quite apart from the bramble of legalese in which their inner message is contained.

High levels of South African investment in other African countries are raising fears that this country is becoming the continent’s newest coloniser. Mention South African investment to Tanzanian opposition politicians, say, and you will get an edgy smile as they enquire politely which piece of family silver is being sold off to the Southern carpetbaggers, writes Reg Rumney.

Reg Rumney, founder and guiding spirit of Investing in the Future, looks back over the years to see how the awards have contributed to good corporate citizenship
in South Africa.

All eyes are on the ANC’s first Budget next week. Reg Rumney looks at possible tax changes.