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Article

16 Jan 2007

Author:
Mining Weekly [So. Africa]

'SA companies abroad need human-rights code of conduct'

South Africa's Department of Trade and Industry should consider drafting and implementing a human rights code of conduct for South African companies operating outside of the country, ANC National Executive Committee member and human rights champion Kader Asmal said on Tuesday. Speaking at the a Business, Accountability and Human Rights conference, in Rosebank, north of Johannesburg, he stated that there were recurring views that South African companies did not adopt proper human rights policies, and that it would be in the country's best interest to change this...Meanwhile, The South African government was conducting a far-reaching review of investments made by its State-owned enterprises (SoE) in the rest of Africa over the last 12 year [which]...had reportedly shown up a series of weaknesses in past practices, with the majority of investments by companies such as Eskom, Transnet and South African Airways (SAA) having underperformed against initial expectations.