This Charter, which was made public on 17 October 2003, sets out targets that will be pursued up to December 2014 regarding, among other things, investment in human resource development; a procurement policy that favours accredited black economic empowerment companies; improved delivery of and access to financial services to a greater segment of the low-income population; the mobilisation of resources for empowerment financing; increased direct black ownership at the holding company level; the encouragement of shareholder activism in promoting the objectives of the charter; and directing a percentage of after-tax operating profits to corporate social investment aimed at education, training and job creation.
7. Conclusion  The normalisation of relations with the rest of the world made it unnecessary to follow relatively restrictive fiscal and monetary policies to maintain a surplus on the current account of South Africa’s balance of payments and created leeway for the promotion of economic growth.