Tag Archives | law
Nigerian billionaire businessman Aliko Dangote has sharply criticised SA’s black economic empowerment (BEE) laws, calling them an obstacle to investment from other African states and a brake on intracontinental trade. Mr. Dangote said SA’s BEE laws and policies would have to be reviewed in order to attract more investment from Africa to SA and to encourage all Africans to participate in SA’s economy. Mr. Dangote is listed as number 43 on the Forbes Richest List and is considered to be the richest man in Africa by Forbes Magazine.
Dispossessed Zimbabwean farmer Mike Campbell was able to take his case to the judiciary in SA because of the Southern African Development Community (SADC) Tribunal decision, pronounced before it was dissolved, which found Zimbabwe to have been in violation of the SADC Treaty. Zimbabwe was in contempt of court for refusing to adhere to that ruling.
“The petitioners, Campbell and Co, sought to have the SADC judgments enforced in a South African court,” says Nicole Fritz, director of the Southern Africa Litigation Centre.