BEE 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 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 ArticleCellSaf ups the fight
BEE consortium insists Cell C’s recapitalisation is unlawful and wants a public hearing.
View ArticleBEE: Mining firms on edge
Mining companies and investors are eagerly awaiting this month’s High Court decision on the ‘once empowered, always empowered’ principle regarding black ownership.
View ArticleBEE 'top-up' provision in Charter could steer away investors - Chamber of Mines
A provision in the disputed Mining Charter of 2017 which requires holders of mining rights to top up the black ownership of its mines to 30% if it falls short, could steer away investment, a court has...
View ArticleMining Charter a 'constitutional force' of law
The Mining Charter may not be legislation,but it has independent legal force, a court has heard.
View ArticleLong-term strategy needed to grow black-owned businesses
While some policies are rightfully placed to develop small businesses, more consideration needs to be given to large black-owned companies to ensure they can compete globally, says Muzi Siyaya.
View ArticleBlack traitors are perverting BEE
When black people collude with white monopoly capital to enrich themselves, they undo efforts to transform SA, writes Tebogo Khaas.
View ArticleSasol's upgraded R13.6bn wax plant to boost SA's industrialisation
Sasol’s new improved R13.6bn wax plant in Sasolburg will make South Africa one of the world’s leading wax producers and contribute to industrialisation in the country.
View ArticleZwane 'interferes' again
Mosebenzi is said to have told a Chinese-led consortium to overlook a prospective BEE partner in favour of another.
View ArticleBEE is not the problem
Many people have blamed ‘bad BEE deals’ for loss in shareholder value or market share. But can BEE be blamed for poorly constructed ownership deals?
View ArticleBlack Economic Empowerment 3.0
A new era of economic transformation requires a different language, parameters, objectives and measurement criteria – it needs its own transformation to keep up with the priorities of economic...
View ArticleRamaphosa right about 'big difference' between black and white unemployment
Replying to the debate on his State of the Nation Address, South Africa’s newly-minted president Cyril Ramaphosa said that concerns about white people being excluded from opportunities musn’t be...
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 ArticleBlack traitors are perverting BEE
When black people collude with white monopoly capital to enrich themselves, they undo efforts to transform SA, writes Tebogo Khaas.
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