Why being bought out by a foreign multinational isn’t always the best option: Local is lekker!

2020-02-06 10:52

This fast-growing freight-logistics business had been sounded out by a couple of multinationals seeking to establish a footprint in the country.

Women tavern owners among those benefitting from SAB Zenzele scheme

2019-12-12 16:24

SAB is preparing to wind down its broad-based black economic empowerment programme, SAB Zenzele, currently valued at almost R10bn.

Clicks says employees pocketed an average of R355,000 each from its employee share scheme. Here’s how it worked.

2019-10-24 19:00

A scheme set up in 2011 to attract and keep pharmacists and black managers benefited from a big rise in the Clicks share price – which rewarded employees handsomely.

A flight in India was delayed when a swarm of angry bees covered the cockpit window and attacked staff who tried to remove them

2019-09-17 14:21

Firefighters were eventually brought in to get the plane, with 135 passengers and Bangladesh's information minister on board, to take off.

A BEE company that helped build Medupi and Kusile has turned a R20 million loan into R250 million – after a 5-year fight with its American partners

2019-09-09 14:28

A Supreme Court of Appeal judgment means BEE holding company Termico is due a payout of more than R250 million for its shares in DB Technologies, after years of legal action by American company SPX.

Ferial Haffajee: After elections, workers will become owners

2019-05-01 14:53

Deep stakeholder ownership can be the ticket to transformative black economic empowerment, says Ferial Haffajee.

5 questions: The DA's election promise for BEE

2019-03-17 09:24

BEE has long been contentious within the DA. Fin24 talks to its spokesperson for jobs, MP Geordin Hill-Lewis, about the party’s stance.

BEE noble, but open doors for job creation first - economist

2019-02-22 18:22

While it is noble to ask companies to comply with BEE, government should focus on getting jobs created in the first place, suggested Nedbank economist Busisiwe Radebe at a post-Budget briefing.

PIC said to face Steinhoff probe

2018-12-10 19:48

South Africa is investigating a R9bn loan made by the PIC to a BEE partner of Steinhoff International, according to people familiar with the matter.

You can get free shares in Discovery Bank by depositing money with it – if you are black

2018-11-14 15:00

Discovery plans to give 10% of its new bank to black depositors in an entirely vendor-financed system – though it recognises that could mean political trouble.

 

Acsa can't make up its own black empowerment rules for car-rental companies, the Supreme Court says

2020-02-04 17:32

The owner of the OR Tambo and Cape Town International airports can't block large car-rental companies that have less than 15% black women owners, the Supreme Court of Appeal says.

Solly Moeng: The DA is at a crossroads - here's how it can move forward

2019-11-21 06:00

Now that the DA has elected a white man as its interim leader, it will find it harder to lead on some crucial, uncomfortable discussions we must have in a still racially polarised South Africa, says Solly Moeng.

Black Discovery Bank customers will get shares in its listed parent – but a year later details are still scarce

2019-10-18 16:50

Discovery says it has "made important progress" in a plan for vendor-financed shares due to black depositors of Discovery Bank.

10 mind-blowing facts about bees

2019-09-15 12:32

From how bees communicate to how much honey they produce, here are a dozen things you probably didn't know about these creatures.

Can you spot the bee in this flower-filled brainteaser?

2019-07-21 10:04

There's a bee hidden somewhere among these flowers. It takes most people 8 seconds to find it — how long will it take you?

Orion confirms it's raising A$8m for BEE restructure

2019-04-15 13:14

Orion Minerals on Monday confirmed that it was raising A$8m in capital as part of a broader Black Empowerment Equity restructuring process.

Time for a new wave of BEE

2019-02-25 18:16

We should not be surprised if BEE is once again attacked simply because it’s not done correctly, says Nomfundo Xenia Ngwenya.

Businessman caught up in more allegations of BEE fronting

2018-12-30 17:45

A 42-year-old man is accusing his former boss of using him as a front for a company that does business with the government.

GEPF's Mokate: Pension fund healthy despite Steinhoff, VBS 'elephants in the room'

2018-12-03 16:55

The Government Employee Pension Fund has impaired Lancaster 101, Steinhoff's BEE partner. The state pension fund is invested in Lancaster through the Public Investment Corporation. Other impairments included Independent News Media and Agri Poultry.

Recognising the private sector's heroic role

2018-11-04 09:00

The private sector still confronts a plethora of damaging new regulations despite recent utterances by President Cyril Ramaphosa and Finance Minister Tito Mboweni, writes Anthea Jeffery.

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