Three prominent South African law firms, Webber Wentzel, Bowmans, and Werksmans, have allied with Norton Rose Fulbright in a legal opposition to South Africa’s recently introduced ethnic rating system. The firms contend that the Legal Sector Code, which sets a five-year target of achieving 50% black ownership, is unrealistic and could potentially hinder the economy. Their collective stance is encapsulated in a joint founding affidavit submitted to the High Court in Johannesburg, where they argue that the code, under the Broad-Based Black Economic Empowerment (B-BBEE) Act, is not only unworkable but also unsupported by empirical evidence. The South African government, however, maintains its stance on the matter, standing firm on its proposed targets despite the legal challenge. For more detailed coverage, visit the full article.
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