SOUTH AFRICAN OPPOSITION PARTY ACCUSES ANC OF CREATING WEALTH IMBALANCE


South Africa’s black economic empowerment scheme, accused of merely shifting wealth to a few business man, should focus on impoverished, the leader of a new political party said on Friday.

BEE, designed to include blacks in the mainstream economy after decades of exclusion, is one of the hot issues ahead of the April 22 election. Opponents of the ruling Africa National Congress hopes to capitalize on what critics say is the party’s exploitation of the programme to enrich its officials. The ANC says it is looking out for the interest of the poor.
Millions of blacks still live in grim townships, lacking the basic services and adequate housing -the ruling ANC vowed to provide when it came to power at the end of the apartheid in 1994.

SOURCED FROM REUTERS

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