SOUTH AFRICA COSMETICS COMPANIES MAKING STEADY PROGRESS IN BLACK EMPOWERMENT PROGRAMMES
June 1st, 2008
BY STEVEN SWINDELLS, in Johannesburg
THE PROPORTION of cosmetics and personal care product companies in South Africa under black South African management is gradually increasing, following the introduction of BEE [black economic empowerment] Codes of Good Practice in February 2007.
This well-publicised government policy was designed to deepen black ownership within an economy which until the country's first democratic election in 1994 was essentially white dominated. The codes aim to level the playing field for all firms doing business in the South African ...
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