Commission to police BEE fronting
Companies and employers could face criminal prosecution for fronting as black empowerment entities if found guilty by a soon-to-be-established watchdog.
View ArticleAnthea Jeffery: Race-based empowerment sidelines majority – undermines...
Anthea Jeffery argues that race-based empowerment helps only a relatively small black elite.
View ArticleManyi slates Solidarity comment that BEE is 'insulting'
Mzwanele Jimmy Manyi says 'white-owned' business has betrayed reconciliation, while Solidarity believes empowerment policies are insulting to blacks.
View ArticleMultiChoice BEE shareholders receive R1.2bn dividend
Shareholders of MultiChoice’s broad-based black economic empowerment scheme, Phuthuma Nathi, will receive R1.2bn in ordinary dividends this year.
View ArticleMailbox: We must work together for radical change
A Fin24 reader has added to prominent businessman Herman Mashaba's criticism of SA's labour laws, calling it reverse racial discrimination and counter productive.
View ArticleMTN BEE scheme readies for JSE debut
A scheme for previously disadvantaged South Africans to invest in MTN is set to list on the Johannesburg Stock Exchange.
View ArticleMailbox: RWC 2015 – not the only thing Japan’s beaten SA at
Following Japan's shock victory over SA, Biznews reader Mo Haarhoff says this is not only thing Japan’s beaten SA at.
View ArticleRock star economist Piketty: BEE not that successful in spreading wealth
Once we get past emotion, the crux is whether resources are best applied by those who accumulate them, or by those who requisition them through taxes and levies.
View ArticleRiaz Gardee: Exxaro’s BEE future – an uncertain one
The commodity cycle rout has left none in its wake. Riaz Gardee looks at what the current climate means to BEE deals, in particular Exxaro.
View ArticleHospitality sector slates new liquor, BEE rules
If certain proposed amendments to the national liquor policy and new BBBEE codes are implemented, it will have a big impact on the hospitality industry.
View ArticleLonmin may shut down if share sale fails
Lonmin says shareholders risk losses if they block a refinancing plan that includes a stock sale.
View ArticleUPDATE: Shanduka 'committed' to Lonmin's BEE partner
Empowerment group Shanduka says it remains committed to Incwala Resources, a BEE partner of struggling platinum miner Lonmin.
View ArticleHudaco heads to court over 'secret profits' in BEE deal
The Hudaco group has instituted legal proceedings against Bravura Equity Services, Cadiz Asset Management and others to recover alleged secret profits of R180m.
View ArticleCommission to tackle fronting
Many companies are still using black people as fronts so that they can get BEE points and win tenders, but they will soon face the music.
View ArticleAscendis Health strengthens BEE position
Ascendis Health announced on Tuesday that it has further strengthened its BEE ownership.
View ArticleDefinition of black industrialists to be 'tight'
The black industrialists policy is a game changer in the way that black economic empowerment has unfolded in the country, Trade and Industry minister Rob Davies says.
View ArticleMailbox: BEE – current version of Apartheid. Robbing the ‘Rainbow Nation’.
Biznews community member Barry Davis believes South Africa is at a crucial turning point and if the wrong choices are made, it could lead to another Zimbabwe.
View ArticleMichael McWilliams 2nd open letter to the ANC – Real trouble lies in local govt
Biznews community member Michael McWilliams targets local government and provides ways to fix it.
View ArticleMining minister wants BEE tussle settled
Government wants the black economic empowerment legal battle settled outside the courts in order to end uncertainty over the policy.
View ArticleChamber of Mines sees end to black ownership row
The Chamber of Mines is optimistic that it will resolve a dispute with the government about the requirements for black shareholding in mining companies this year.
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