Exxaro employees to get payout in empowerment plan

JOHANNESBURG (Reuters) - South African miner Exxaro said on Wednesday that thousands of its lower-level employees were expected to benefit from a 1 billion rand payout this month following the maturity of its "empowerment" plan. To right the wrongs of apartheid and give blacks a bigger stake in the economy, South Africa requires companies including miners to meet quotas on black ownership, employment and procurement. In the local political and commercial jargon this is known as "empowerment". ...