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The financial sector is falling behind on its transformation targets, reports show.
The B-BBEE Commission says it will consider enforcing the submission of reports through the 'levying of penalties for the non-submission or late submissions'.
MMI Holdings Group's head of transformation Busisiwe Sithole says that transformation shouldn't just be a tick-box exercise and if done right, it could generate value for businesses and the country.
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.
Black political leadership today does not fulfil the mandate of the struggle for liberation. It has abused and continues to abuse its power for self-gratification, writes Mfesane Siboto.
The long-awaited release of the renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed it had been signed off by Cabinet.
The debates in the DA suggest that the party is unsure about how to deal with the legacy of the past which manifests itself in spatial patterns, income trends and the "first black" phenomenon, writes Mpumelelo Mkhabela.
Trade union Solidarity says it may strike against Sasol over a B-BBEE scheme the union says is not inclusive of white employees.
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?
Sasol shareholders have approved its new R21bn Broad-Based Black Economic Empowerment scheme, known as Sasol Khanyisa.
Phuthuma Nathi shareholders will received MultiChoice shares in exchange for theirs if the proposed transaction is approved.
MMI Holdings, Group head of transformation Busisiwe Sithole shares lessons she learned in ensuring transformation strategies are effective.
Supporting franchises is an excellent way to get skilled black businesspeople over the capital barrier, says Ferial Haffajee.
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.
The Economic Freedom Fighters has hit out at the revised Mining Charter, saying that the provisions and compromises are sloped heavily in favour of mining companies.
Sasol has said it won’t alter the requirements for the inclusion of employees in its new B-BEE share scheme, which has been rejected by trade union Solidarity for excluding white workers.
Government needs to show it is serious about helping to create a sizeable black-owned and managed lender rather than saving a tiny bank like VBS, which can't compete with established commercial banks.
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 development.
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.
Tsogo Sun has been ranked third on the JSE Top 100 Most Empowered Companies for the second consecutive year.
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