The new codes and scorecard, unveiled at the summit, aim to incentivise black ownership more strongly by penalising companies that fail on the ownership element of the scorecard. The formula to measure ownership has also been changed to ensure that benefits flow to black shareholders and that they attain net value as soon as possible.
Another application of the old "the beating will only stop when the people are happy".
This is the deathknell for black economic empowerment. Hang in there people - you've only got three more years to go.
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