Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks

Namibia Scraps Plan to Force White-Owned Businesses to Sell 25% Stake to Blacks Namibia has scrapped a clause in its economic empowerment framework that would have forced white businesses to sell a 25% stake to previously disadvantaged blacks, President Hage Geingob said on Wednesday. Making the announcement during his state of the nation address, Geingob said a revised…

Brace for Labor Unrest as AngloGold Ashanti and Sibanye Gold Retrench Thousands of South African Miners 

4TH AUGUST 2017 BY: AFRICAN NEWS AGENCY JOHANNESBURG – The National Union of Mineworkers (NUM) is set to embark on a protest march to AngloGold Ashanti’s head office in downtown Johannesburg on Saturday. NUM spokesperson, Livhuwani Mammburu, said the march was against the company’s decision to issue a Section 189 process notice to retrench 8 500 workers at its operationsin the Matlosana and Carletonville regions. In…