Ann: Premium Strategic Placement and Offtake MOU, page-70

They are good points you raise about payback.------------ When VR8 was Tando Resources under CEO Bill Oliver---the BEE was a fund set up for the African people to participate in the economy going forward. I remember this.

Who started black economic empowerment?

It was intended to give nonwhites, who had suffered under the system of apartheid, a chance to participate fully in the economy. The Broad-Based Black Economic Empowerment Act was made into law in 2003. South African President Thabo Mbeki explained the policy in his State of the Nation speech in 2002.