Business Report - Black diamonds begin to give back more: "Black diamonds begin to give back more
July 19, 2007
By INGI SALGADO
South Africa's new black philanthropists, most of whom were the first beneficiaries of black economic empowerment (BEE), are coming under increasing pressure to share their wealth through structured channels.
In addition to deals that include broad-based BEE components, some black philanthropists are setting up foundations, with the aim of generating sufficient interest income from endowments to eventually sustain their work."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment