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Firms Cautious On Calls for Apartheid Reparations [South Africa]

Author: Nicola Jenvey, Lesley Stones, Julie Bain, Carli Lourens & Charlotte Mathews, Business Day [South Africa], Published on: 26 March 2003

Stunned silence from large parts of the business sector greeted the news that the Truth and Reconciliation Commission has recommended to government that SA's businesses be made to pay reparations to victims of apartheid unless they offer to play a more substantial role in reconstructing the country. The commission's suggestions included a wealth tax or a one off levy on corporate or private income. The commission singled out three business sectors that benefited particularly from apartheid policies: parastatals like Eskom, mining companies like Anglo American and international institutions like the Swiss banks. [refers also to De Beers, SABMiller, Dimension Data, Grindrod, McCarthy, Pepkor]

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Related companies: Anglo American De Beers (part of Anglo American) Dimension Data Eskom Grindrod McCarthy (part of McIntosh Industries) Pepkor SABMiller (part of Anheuser-Busch InBev)