Monday, August 27, 2007

Imperialism in Africa Continues to Today

Not exactly quite on the level of old King Leopold. And I suppose it must be noted that it's often enabled by some degree of corruption of the native leaders, but still:
The shareholders' agreement signed by the government when it sold a 30 percent stake in Telkom to the Thintana Communications consortium placed both companies above South Africa's laws, according to a US academic journal.

Thintana Communications was the consortium of US telecommunications group SBC and Telekom Malaysia.

Interviewed in Telecommunications Policy, Jim Myers, described as "SBC's central operative in South Africa between 1994 and 1998", says clauses in the shareholders agreement agreed to in 1997 stipulated that once the Telecommunications Act was in place, neither Telkom nor Thintana would be compelled to follow any legislation that violated the shareholders' agreement.
[more]

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