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Some companies will simply ignore new BEE codes

New BEE codes issued by the Department of Trade and Industry are so onerous that many companies will ignore them. They will use the Constitution as their moral and legislative compass, according to Loane Sharp of the Free Market Foundation.

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Badly written laws end up in court

Three badly written laws are now before the courts for adjudication. One of these has been referred by the National Credit Regulator, seeking to establish whether repossessed assets sold at auction can be sold far below market price. The solution suggested is to set a reserve price.

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