South Africa: Sasol Falls Short of First Round BEE Ownership Target

Legislation introduced four years ago, obligated South African mining companies to sell 15% of their assets to black investors by 2009 and 26 percent by 2014. The law aims to compensate for discrimination suffered during apartheid, which ended…

Read more

South African Corporate Governance Report: enhance the legal and fiduciary duties of care and skill.

SOUTH African directors should get further guidance to bring a higher level of transparency and corporate governance best practice to their companies, in light of the recommendations in the third government sponsored report on enhancing domestic corporate governance.…

Read more

Putin’s Junior Partner Speaks Out on Russian Business

President Dmitry Medvedev ordered prosecutors to investigate Russia’s state corporations on Friday, questioning the need for the powerful institutions championed by Prime Minister Vladimir Putin.  The way forward for these state enterprises, is to remove the super-protection and…

Read more

Harper says foreign asset sale will be examined, but Tories won’t support increased protectionism

Prime Minister Harper endorses a review of the controversial $1.13 billion (U.S.) deal that will see Ericsson gain control of some of Nortel’s highly valued, next-generation wireless technology, but makes it clear that he does not support increased…

Read more