Word: kgalema
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...Kgalema Motlanthe, who been named by the ruling African National Congress (ANC) as its nominee for caretaker president of South Africa, is a consensus candidate - a singular achievement in a party largely bereft of consensus. Motlanthe appears set to take the reins from Thabo Mbeki, whose resignation was demanded by the ruling party after a judge accused Mbeki's government of improperly interfering in the prosecution on corruption charges of his chief rival, Jacob Zuma. Zuma, who beat out Mbeki in a bitterly-fought campaign for leadership of the ANC last December, can't assume the presidency until next year...
Nonetheless, the A.N.C. has begun to rethink its BEE policy. Party secretary-general Kgalema Motlanthe complained last year that "we see the same names mentioned over and again, in one deal after another," and Phumzile Mlambo-Ngcuka, the Minerals and Energy Minister, has grumbled that white-owned companies that fulfill their empowerment obligations by selling stakes to "a few BEE gentlemen" are guilty of "sabotage and neglect of the transformation imperatives." South African corporations are getting the message and beginning to distribute the BEE wealth over a wider socioeconomic swath. In February, banking and insurance group First Rand finalized...