Last paragraph makes it seem like it's a South African regulation.
South African companies have been encouraged to adopt Black-empowerment plans to comply with government policies aimed at redressing financial inequality stemming from the apartheid era.
The article is very unclear about whether this is a South African regulation only, or if this is something the EU and UK implemented.
It's not even that easy given the current context.
You'd struggle to pick which one of the three was more virulently anti-white, would you not?
Last paragraph makes it seem like it's a South African regulation.