PSV calls off B-BBEE deal over non-payment of R5m

2019-07-10 15:49

Industrial holding company PSV Holdings has terminated its agreement with B-BBEE partner Beryl Holdings following non-payment of the R5m subscription price due by Beryl, according to a statement issued on Tuesday evening.

Young South Africans speak: Why we are leaving the country

2019-04-26 16:14

News24 asked young people to send to us their reasons for leaving and what would have to be different for them to return to South Africa, or not leave at all. The response was overwhelming.

B-BBEE verification company has certificate suspended following Agrizzi testimony

2019-04-11 17:08

B-BBEE consulting and verification firm, Empowerdex, has had its certificate of accreditation suspended following allegations of bribery at the judicial commission of inquiry into state capture.

Black industrialists - key players in government’s commitment to grow SA

2019-01-19 07:30

B-BBEE has produced patchy outcomes, at best. Enter the Black Industrialist Policy, writes Soria Hay.

Black ownership dropped in JSE-listed companies - report

2018-08-03 11:43

JSE listed companies had only 38% black people on their boards in 2017 - including foreigners, who don't count in terms of SA legislation, says a transformation report by the B-BBEE Commission.

'Black brain drain': Western Cape vows to do more to retain talent and be welcoming

2018-06-01 08:00

The Western Cape Government and Wesgro weigh in on the headline-making reasons given by a young black professional who decided to leave Cape Town for Johannesburg.

Fronting must be investigated without fear or favour - Rob Davies

2018-03-06 14:52

Trade and Industry Minister Rob Davies says that the B-BBEE Commission should be able to investigate the issues of fronting without fear or favour.

Sasol Khanyisa under fire

2017-11-19 06:07

The Broad-Based Black Economic Empowerment (B-BBEE) Commission has raised issues related to Sasol’s new Khanyisa empowerment scheme, Sasol company secretary Vuyo Kahla said on Friday.

Phuthuma Nathi dividends 'make a difference in shareholders' lives'

2017-08-31 09:18

Phuthuma Nathi chair Mandla Langa has hailed the empowerment scheme as a success story, following an announcement that shareholders will receive R1.3bn in ordinary dividends.

‘Failure to transform is hampering growth’

2017-07-30 06:00

The black majority, particularly Africans, should never be apologetic in their quest to own and control South Africa’s wealth and economy in a manner that is proportionate to their size, “if not more”.

 

BEE fronting becoming more sophisticated, holding back transformation - commission

2019-06-27 05:00

One of the factors contributing to the slow pace of economic transformation is fronting, says the executive manager for compliance at the B-BBEE Commission.

Empowerdex still has 3 months to get in line with B-BBEE laws, says regulator

2019-04-15 17:41

The South African National Accreditation System said the suspension period was a precaution as well as an opportunity for Empowerdex to rectify their standing as well as investigate the circumstances surrounding the suspension of their accreditation.

Denou Farming an example of BEE partnership in fruit industry

2019-03-06 16:33

Denou Farming was stablished in 2003 as a partnership between fifth generation Prince Alfred Hamlet fruit growers of the Goosen Family.

Sanlam shares rise after it details new empowerment deal

2018-10-31 12:24

The financial-services group has announced it is moving forward with plans to issue 111 million new ordinary shares to an entity held by new and existing broad based black economic empowerment shareholders.

‘Just dump the charter’

2018-07-01 06:02

The Mining Charter should get scrapped altogether, says one of South Africa’s foremost empowerment researchers and advocates.

Calls for action after black professional shared why she quit Cape Town for Jozi

2018-05-31 17:24

It was a brave step for Tinyiko Ngwenya to write about why she decided to give up her job in Cape Town to return to Johannesburg, says the Black Management Forum.

Gupta companies could have fake BEE certificates - DA

2018-02-26 16:27

The DA says the empowerment certificates of Tegeta, Optimum and Trillian Consulting are possibly fraudulent and it will ensure documents relating to this are made available for the state capture inquiry.

Brimstone and Curro's STADIO enter B-BBEE transaction

2017-09-19 20:54

Brimstone has successfully entered into an empowerment transaction with STADIO, the subsidiary of the JSE-listed private education company Curro.

Black brokers call for radical overhaul of sector – Absip

2017-07-30 06:00

Decreasing black broker allocations and a disproportionately low black presence in the equity research sector warrant a radical overhaul of the industry.

We’re all to blame for inequity

2017-05-14 06:50

The lack of progress in the transformation of South Africa’s workplace, as reported in the 17th Commission of Employment Equity report, released this week, comes as no surprise, writes Dudu Msomi.

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