New empowerment policy needed for mining in SA - IRR
An entire new approach to empowerment in mining is needed, that will focus on economic empowerment for the disadvantaged, the Institute of Race Relations has argued in a new report.
View ArticleBizarre moment pregnant woman poses with bees for her maternity shoot
You better bee-lieve it.
View ArticleBEE in construction should be more than just ticking boxes
It is not enough for the construction industry to simply comply with the minimum requirements of BEE, says Gregory Mofokeng of the the Black Business Council in the Built Environment.
View ArticleUncertainty reigns over banks’ transformation targets
Will new regulations oblige banks and financial services institutions to comply with radical targets in an attempt to accelerate black ownership and inclusion?
View ArticleSasol disbands debt-ridden BEE scheme, launches replacement
Sasol has announced that it will disband its black economic empowerment scheme Sasol Inzalo, which has been struggling to repay third-party debt.
View ArticleSasol faces the heat
The company’s Inzalo BEE scheme was a dud, and the replacement, Khanyisa, will put a 20% dent in its profits.
View ArticleNatural resources must be shared
Approximately 31 companies, with a combined market capitalisation of R578bn on August 31 last year, control almost 80% of the South African mining market, writes Christopher Rutledge.
View ArticleZwane reveals final Mining Charter, despite mining boycott
The new and final Mining Charter revealed by Mineral Resources Minister Mosebenzi Zwane increases the level of black ownership at mining companies from 26% to 30%.
View ArticleSasol ditches funding plan to settle old BEE scheme debt
Sasol has ditched its preferred method to settle outstanding debt regarding the black economic empowerment scheme it is disbanding.
View Article‘New BEE fronting schemes involve the use of trusts’
Businessman Sandile Zungu has warned that big corporates are using community trusts as a sophisticated new way of fronting in BEE deals.
View ArticleExxaro BEE battle
A faction in one of the mining firm’s investor groups is taking legal action, citing misuse of dividends, on the eve of its historic payout.
View ArticleNew mining charter legally flawed - lawyer
The new Mining Charter contains a number of flaws that are not in accordance with legislation, says mining lawyer Peter Leon of Herbert Smith Freehills.
View ArticleZwane drops a Mining Charter
The new document is riddled with controversial clauses, radical changes and claims of near-zero consultation, making legal action inevitable.
View ArticleJSE-listed firms must disclose empowerment status
Companies listed on the Johannesburg Stock Exchange will have to publish a compliance report on their broad-based black economic empowerment status.
View ArticleBEE used as licence to entrench monopolies
BEE is being used by big business as a licence to entrench monopolies and has not been effective in transforming society, says UJ Professor Simon Roberts.
View Article27% BEE target for property sector comes into effect
The amended Property Sector Code setting a black ownership target of 27% for companies in the property sector has come into effect.
View ArticleNew property code lacks proper research - estate agent body
The Institute of Estate Agents of South Africa has expressed concern that the new amended property sector code was compiled without adequate research into the industry.
View ArticleFriends & Friction: Becoming a black CEO is like the kiss of death
The days are getting longer, and the butterflies will soon be returning home.
View ArticleHow Rob Davies helped Zwane craft Mining Charter
The transformation requirements set out in the revised Mining Charter - among which requires mines to up their black ownership levels to 30% - was done in consultation with Trade and Industry Minister...
View ArticleNew empowerment policy needed for mining in SA - IRR
An entire new approach to empowerment in mining is needed, that will focus on economic empowerment for the disadvantaged, the Institute of Race Relations has argued in a new report.
View Article