"What this report is effectively saying, is that the Affirmative Action policy, is unlawful, not only measured by international standards, but by our very own Constitution."
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The Modified Flow Through Principle allows us to increase the level of Black Ownership in an entity from 51% to 100%. A measured entity’s ownership percentage will therefore be enhanced by incorporating a new company, and holding the BEE shares in that company.
The aim is to try and lower the unemployment rate amongst the youth of South Africa, by encouraging business entities to employ from this sector of the population, with the lure of increased BEE recognition.
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