Sanoco breaks the male chain: women-only oil company to be launched.

Position::Around Africa: South Africa - Brief Article
 
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Since the demise of apartheid, the ANC government's Black Economic Empowerment Programme has been criticised as targeting mainly black male South African entrepreneurs. But with the imminent official launch of Sanoco Oil Company, a private company whose major shareholders are black South African women, the alleged male dominance is about to suffer a body blow.

From its inception, Sanoco sought to create a vehicle that would be led by women, thus breaking the cycle of a sector dominated by men. Ms Phumzile Mlambo-Ngcuka, the South African minerals and energy minister, has said she would not rest until black South African women had been brought into the industry.

"The objective of the Liquid Fuels Industry Empowerment Charter is 'the sustainable presence, ownership or control by historically disadvantaged South Africans of a quarter of all facets of the liquid fuels industry," she told Parliament. Consequently...

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