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The Rise Of South Africa’s Economic Freedom Fighters

AFRICANGLOBE - In the past year, the Economic Freedom Fighters has grown in ambition and maturity. It has encroached on the ANC’s traditional base — South Africa’s poor Black majority. Because of that fierce loyalty, the ruling ANC has been forced to pay attention to the party’s calls for land redistribution without compensation.

Advancing Black Liberation Through Economic Justice

AFRICANGLOBE - According to one report, Black households in the US will not reach wealth parity with white households until 2241. While disillusionment between young Black Americans and American institutions is real, a growing movement has erupted to challenge forces of white supremacy and funnel dissent into powerful, disruptive change.

White Racism Has Houston’s Only Black-Owned Bank Booming With New Clients

AFRICANGLOBE - The new accounts department has been very busy at Houston's Unity National Bank with hundreds of new customers signing up over the last few days. The influx of new customers came in part after last week's police murders of Alton Sterling and Philando Castile. On social media there was a movement to send a strong message to America. If we can't get justice we will put the economic pressure on by withdrawing our Black dollars from other financial institutions.

Black Economic Empowerment: Program Aims To Train Black Business Owners

AFRICANGLOBE - Cathy Hughes went from sleeping on the floor of her radio station as a struggling single mother to the ownership of the largest Black-owned broadcast company in the U.S. and the first publicly traded company owned by an African-American woman.

7 Things You Didn’t Know About South Africa’s Only Black Billionaire

AFRICANGLOBE - Patrice Motsepe is a man who quite literally struck gold. In 1997, when the gold market was close to its lowest in the last three decades, he started buying gold mines at favorable prices and later founded the first South African Black-owned mining company, African Rainbow Minerals.

Obama Is ‘A White President In Black Face’

AFRICANGLOBE - A major television mogul has harsh words for President Barack Obama. Byron Allen, chairman and CEO of Entertainment Studios, says Black America has fallen further behind since Obama has been in office. “President Obama is – at this point – a white president in black face,” Allen said.

The Top Five Wealthiest Blacks In South Africa

AFRICANGLOBE - Patrice Motsepe, the founder and executive chairman of African Rainbow Minerals (ARM) is often referred to as South Africa’s first Black billionaire and the wealthiest Black man in South Africa. Motsepe has a net worth of $2.5 billion

Zimbabwe: Black Only Stock Exchange Project Gathers Speed

AFRICANGLOBE - Plans by the Zimbabwe Stock Exchange (ZSE) to set up a secondary stock exchange for Black-owned businesses is gathering pace with the bourse setting a $250 000 minimum share capital threshold for firms.

A Conversation With A Jew About Black Economic Empowerment

AFRICANGLOBE - The distribution of household income among Jews, especially at the high end of the income scale, reflects their relatively high education levels and high status

Black Leaders – Past And Present – On Black Economic Empowerment

AFRICANGLOBE - It is absolutely critical that we, as Black folks, get serious in 2014 about maximizing our economic potential in this country. We often swear that we revere the guidance of illustrious ancestors and present day wise persons who strive to give us direction on how to best promote and protect our individual and group interests in a society that is at best a lukewarm environment for us.

South Africa’s Tshepo Lucky Montana Rides the Rails

AFRICANGLOBE - As group CEO of the Passenger Rail agency of South Africa (PRASA), Tshepo Lucky Montana has embarked on a vast programme to invest in new rolling stock over the next 20 years.

White Settlers Still Run South Africa’s Economy – Report

AFRICANGLOBE - The latest Commission for Employment Equity's report on transformation in the labour market in South Africa is disheartening, the ANC said on Friday.

S. African President and White Power Politician Clash Over “Poor Whites”

AFRICANGLOBE - South African President Jacob Zuma has rubbished claims by the Freedom Front Plus the White power political party over claims that affirmative action and Black Economic Empowerment (BEE) are impoverishing White people.

South Africa’s Economy Remains Firmly In White Hands — Study

AFRICANGLOBE - South Africa's Black majority directly owns less than 10% of the Johannesburg stock market, a study showed on Thursday, evidence that Africa’s top economy remains firmly in White hands nearly two decades after the end of apartheid.