Just to add to investor uncertainty is the Private Security Industry Regulation Amendment Bill, one clause of which seeks to ensure that "at least 51% of the ownership and control (of private security companies) is exercised by South African citizens," although another subsection allows the police minister to prescribe different percentages of ownership for different categories in the security sector (even locksmiths may be affected). Companies have five years to comply with the new requirements.
via www.bdlive.co.za
The article is about Rob and his responsibility for the ultimate collapse of foreign investment (read the economy). It's this paragraph that I find most interesting. Has a certain indiginisation ring to it. However the bill doesn't talk about EAP and black - just South African citizens. We'll see how long that lasts.
Can't we just get rid of Rob, he really takes his role as the worst cabinet minister so seriously. He's so competitive!!!!
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