World & BusinessSouth Africa faces US investment freeze warning over Black empowerment rules
Semafor reports that US ambassador L. Brent Bozell III called measures aimed at redressing inequalities caused by apartheid barriers to investment.
TLDR
US ambassador L. Brent Bozell III warned that South Africa faces a US investment freeze, Semafor reports. He said the country’s Black empowerment rules were holding back billions of dollars in American capital. The measures aim to redress inequalities caused by apartheid.
South Africa faces US investment freeze warning over Black empowerment rules
Semafor reports that US ambassador L. Brent Bozell III called measures aimed at redressing inequalities caused by apartheid barriers to investment.
TLDR
US ambassador L. Brent Bozell III warned that South Africa faces a US investment freeze, Semafor reports. He said the country’s Black empowerment rules were holding back billions of dollars in American capital. The measures aim to redress inequalities caused by apartheid.
