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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...

Author: /time Magazine | Title: South Africa: The New Rand Lords | 4/17/2005 | See Source »

...only Rhodesia's first since its breakaway from Britain 28 months ago, but were made in open defiance of British authority and in disregard of a royal reprieve for the three men. No doubt existed about the guilt of the men, two of whom, James Dhlamini and Victor Mlambo, had murdered a white farmer in a Mau Mau-style ambush and the third of whom, Duly Shadrack, had axed a native chief to death in the bush. But by blatantly ignoring the mercy move of Queen Elizabeth, to whom they still claimed to profess fealty, the leaders...

Author: /time Magazine | Title: Rhodesia: The Hanging of Hopes | 3/15/1968 | See Source »

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