Exxaro BEE battle

2017-10-15 06:00

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.

Sasol ditches funding plan to settle old BEE scheme debt

2017-10-09 07:56

Sasol has ditched its preferred method to settle outstanding debt regarding the black economic empowerment scheme it is disbanding.

Sasol faces the heat

2017-09-24 06:00

The company’s Inzalo BEE scheme was a dud, and the replacement, Khanyisa, will put a 20% dent in its profits.

Uncertainty reigns over banks’ transformation targets

2017-09-19 13:54

Will new regulations oblige banks and financial services institutions to comply with radical targets in an attempt to accelerate black ownership and inclusion?

White monopoly capital no PR ploy

2017-09-03 06:02

To claim that ‘white monopoly capital’ is a new concept that is not rooted in our liberation movement and the fight for justice is just silly, writes Abel Dlamini.

Friends & Friction: Becoming a black CEO is like the kiss of death

2017-08-06 06:00

The days are getting longer, and the butterflies will soon be returning home.

New property code lacks proper research - estate agent body

2017-07-04 14:34

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.

BEE used as licence to entrench monopolies

2017-07-02 06:00

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.

Zwane drops a Mining Charter

2017-06-18 06:09

The new document is riddled with controversial clauses, radical changes and claims of near-zero consultation, making legal action inevitable.


‘New BEE fronting schemes involve the use of trusts’

2017-10-15 06:00

Businessman Sandile Zungu has warned that big corporates are using community trusts as a sophisticated new way of fronting in BEE deals.

Natural resources must be shared

2017-09-24 06:26

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.

Sasol disbands debt-ridden BEE scheme, launches replacement

2017-09-20 07:54

Sasol has announced that it will disband its black economic empowerment scheme Sasol Inzalo, which has been struggling to repay third-party debt.

BEE in construction should be more than just ticking boxes

2017-09-12 05:00

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.

New empowerment policy needed for mining in SA - IRR

2017-09-10 16:40

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.

How Rob Davies helped Zwane craft Mining Charter

2017-08-14 16:03

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 Rob Davies.

‘They used me’ – man sues BEE partners

2017-07-16 06:05

In a case his lawyer has labelled “grand scale fronting”, a 46-year-old Gauteng man has taken his partners in a BEE venture to court for short-changing him in a panel beating business worth an estimated R16.2m.

27% BEE target for property sector comes into effect

2017-07-03 19:42

The amended Property Sector Code setting a black ownership target of 27% for companies in the property sector has come into effect.

JSE-listed firms must disclose empowerment status

2017-06-22 19:42

Companies listed on the Johannesburg Stock Exchange will have to publish a compliance report on their broad-based black economic empowerment status.

New mining charter legally flawed - lawyer

2017-06-15 21:04

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.

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