ARTICLES RELATING TO BEE

R289m payout for Oceana workers

2014-04-03 14:01

Employees of South Africa's largest fishing company netted more than a quarter of a billion rand in a trust payout.

Sanlam BEE deal delivers R15bn in value

2014-03-23 13:31

Thousands of South Africans are expected to benefit from one of South Africa's most successful BEE deals to date.

Ramphele: SA can rise above BEE

2014-01-28 18:50
140 comments

South Africa deserves better than Black Economic Empowerment, even though it was a noble idea, says DA presidential candidate Mamphela Ramphele.

Jobs aplenty for senior execs

2014-01-15 09:39

Despite the glum outlook at other levels of employment, 2014 is looking strikingly positive for senior executives considering a move, says an expert.

Avoid being stung by new B-BBEE codes

2013-10-21 15:13

Professional accountants need to be certain of their facts before issuing BEE certificates, industry body warns.

BBBEE summit was a great success - DG

2013-10-04 17:02

Discussions at the BBBEE summit have been fruitful and will assist the government in taking SA forward in terms of transforming the economy, says the dti.

Zuma: Fronting for BEE is unforgivable

2013-10-03 14:27
83 comments

The practice of fronting in black economic empowerment is unforgivable and the government will work hard to prevent and eradicate it, says President Jacob Zuma.

Ramphele: I benefited from BEE

2013-08-23 09:10
156 comments

Agang SA leader Mamphela Ramphele has confirmed that she benefited from R40m worth of BEE deals in five companies, acccording to a report.

Are you pawn or king?

2013-07-30 07:56

Use the logic of chess to create great BEE deals, says Colin Mashikinya.

Jail time for breaching BEE law

2013-06-21 07:21
107 comments

People found guilty of misrepresenting their BEE status could go to jail for up to 10 years, following changes to the broad-based black economic empowerment bill.

Top economist slams BEE

2013-05-10 14:48

Professor Mthuli Ncube of the African Development Bank says black empowerment fails to create value, and that the entrepreneurship element it needs is missing.

Net1 deal chokes after AllPay attack

2013-04-19 18:24

Business Venture Investments says the attack by Absa subsidiary AllPay made it impossible to raise funding for a Net1 BEE deal.

BEE will harm SA, union warns

2013-03-13 16:33
77 comments

The broad-based black economic empowerment bill should be scrapped since BEE is detrimental to all South Africans, including blacks, says Solidarity.

Large sectors fall short of BEE laws

2013-01-29 20:18

There are low levels of compliance with black economic empowerment laws in sectors of the economy, including agriculture and manufacturing, a top official says.

Secret influence in BEE deals - report

2012-12-19 14:38

Certain people are non-negotiable when it comes to choosing beneficiaries in black economic empowerment deals, a former business executive has reportedly said.

BEE consultant lashes out at JSE survey

2012-12-06 18:44

A BEE consultant has lashed out at the JSE’s survey which shows that 21% of the Top 100 Companies were held by black South Africans.

Prasa ready for roll-out

2012-12-02 15:07

In a few weeks, the Passenger Rail Agency of SA will set the ball rolling for the transfer of R37bn into the hands of black South Africans.

Donations could cost BEE points

2012-11-01 08:20

Businesses could lose black economic empowerment points for making donations to charities which do not have 100% black beneficiaries, a report says.

Absa BEE partner offloads R3.4bn stake

2012-10-10 15:07

Absa says its eight-year partnership with its black economic empowerment partner Batho Bonke created value for both parties.

Revised BEE codes raise eyebrows

2012-10-03 07:58

Revised black economic empowerment codes could prejudice some companies, corporate law firm Webber Wentzel says.

Localisation push hits headwinds

2012-09-07 12:18

Local content requirements for firms bidding for tenders from government and parastatals are challenged by SA suppliers' struggle to compete with cheaper imports.

Prasa plans R15bn BEE scheme

2012-09-05 09:25

The Passenger Rail Agency of SA is planning a R15bn black economic empowerment programme as part of its plans to modernise Metrorail.

Woolworths douses racial fires

2012-09-04 12:55
99 comments

White workers at Woolworths have come to the retailer's defence, tweeting as individuals that racist employment claims are “baseless” and “100% untrue”.

BEE battle at ad firm

2012-07-15 10:16

One of SA’s biggest advertising firms, Y&R South Africa, has hauled directors of its BEE partner company to court to stop them from making what Y&R deems defamatory remarks.

 

Spur in talks with BEE group

2014-03-26 12:42

Spur is engaged in discussions aimed at introducing a Black Economic Empowerment partner to the group, which could affect the price of its securities, it says.

Distell pays out to BEE shareholders

2014-03-10 14:26

JSE-listed wine and spirits producer Distell has paid out in excess of R600m to about 4 000 employees as part of the company’s employee share ownership plan.

Holomisa: BEE only benefits connected

2014-01-26 17:49

BEE has negatively affected the poor, working class and marginalised, while "some architects of the constitution live in opulence", says UDM leader Bantu Holomisa.

Stop this danger

2013-11-01 07:38

The undermining of transformation continues to haunt SA, says Mzwandile Jacks.

Davies: B-BBEE does not impoverish whites

2013-10-17 13:17

No white South African has been impoverished by broad-based black economic empowerment policies, says Trade and Industry Minister Rob Davies.

Impact of B-BBEE codes on multinationals

2013-10-11 15:22

Multinational companies operating in SA need to be aware of the impact new B-BBEE codes will have on their scorecard.

Some B-BBEE concessions still a 'mystery'

2013-10-04 11:40

There is cause for concern because there is still no clarity on B-BBEE scorecard concessions for qualifying small enterprises, says an expert.

BEE deal was legal, says Gold Fields

2013-09-06 15:28

Gold Fields says its board of directors did not break the law in relation to a controversial 2010 black economic empowerment deal.

BEE big challenge for family businesses

2013-08-20 10:38

Family businesses in South Africa do not feel supported by the government and this impacts on the successful implementation of BB-BEE, according to a survey.

Low BEE levels necessitate new laws

2013-06-20 16:20

Extremely modest levels of black economic empowerment in the economy compel the government to make legal changes, says Trade and Industry Minister Rob Davies.

SA poorer thanks to BEE - study

2013-04-22 22:44
106 comments

South Africans are poorer as a result of Black Economic Empowerment, which has failed to speed up economic growth and reduce inequality, Solidarity says.

Call to punish non-BEE compliant firms

2013-03-20 10:57
118 comments

The Black Management Forum maintains there should be consequences for companies which do not comply with broad-based black economic empowerment.

Gold Fields confirms probe into BEE deals

2013-03-13 13:35

Gold Fields has confirmed that its black economic empowerment deals are under investigation, after press reports raised questions about them.

Ditch BEE, urges institute

2013-01-16 14:10

The Institute for Race Relations says there is no point in further futile attempts to reform BEE, and that the policy should be scrapped altogether.

Litha BEE deal talks continue

2012-12-18 10:34

Litha Healthcare Group is engaged in negotiations with a black economic empowerment party to secure a subscription for ordinary shares in the company.

Mining charter falls short of BEE act

2012-12-03 07:58

The mining charter in its current form betrays the principles of empowerment and should be aligned with the BEE Act, the Black Management forum says.

Expert: Mining needs real BEE

2012-11-14 14:33

Transformation of the mining sector as defined by the mining charter is not confined to ownership of the mines, says an expert.

Black business wants a bigger slice

2012-10-14 17:38

In pushing black entrepreneurs to help create jobs, the Black Business Council is asking for 30% of the planned R1.3 trillion infrastructure spending.

SABC denies white bias claims

2012-10-09 09:48

The SABC has dismissed a media report that it does not look after the needs of disabled staffers or blacks in junior positions.

Transformation remains far off target

2012-09-17 13:15

SA's business environment is still not conducive to the entry of black businesses in terms of capital, skills and market place, says an industry expert.

DiData details R1.26bn BEE deal

2012-09-05 12:34

Dimension Data has listed the outcome of its R380m transaction it signed eight years ago with an empowerment consortium led by Andile Ngcaba.

Threats to boycott Woolies

2012-09-05 08:21
258 comments

Woolworths must open all job positions to all race groups or face action, Solidarity has warned.

BEE investors to quit Absa

2012-08-05 10:47

Black economic empowerment investors in Absa, are set to sell their stake in the banking group, City Press reports.

Retail sector 'needs BEE charter'

2012-07-12 11:11

Despite black economic empowerment programmes by retail giants such as Pick n Pay, Massmart and Clicks, experts say the sector is not fully compliant.

 
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