Word: mlambo
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Dates: during 2000-2009
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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...