BEE News and Comments

Compiled by the Government Communication and Information System Date: 03 Apr 2011 Title: BEE, BBBEE under the spotlight ——————– Pretoria – One of the major shortcomings in the implementation of Black Economic Empowerment (BEE) was the over-emphasis on diversity of ownership and senior management. This was one of the key issues raised at the Black [...]

(GIN)-A program intended to undo the evils of apartheid by training and promoting qualified blacks into corporate jobs is drawing fire from some frustrated public officials. Former union leader Jay Naidoo said that Black Economic Empowerment (BEE) has been hijacked by a “cabal of predatory elite.” In socioeconomic terms, he said, South Africa had become [...]

Compiled by the Government Communication and Information System Date: 18 Mar 2011 Title: DTI finalises training programme for B-BBEE ——————– Pretoria – The Department of Trade and Industry (dti), together with three universities, is finalising the development of a Standardised National Training Programme for Broad-Based Black Economic Empowerment verification. “Since the inception of the Codes [...]

Sowetan LIVE Black business groups yesterday decried the lack of progress in implementing the financial sector charter. MAIN MAN: Lawrence Mavundla took over Nafcoc last month Picture: RUSSELL ROBERTS “We have made dismal progress,” Edwin Mashego, of the National African Federated Chamber of Commerce and Industry (Nafcoc), said in Johannesburg at a briefing on the [...]

Pallo Jordan Minister of Arts and Culture and President Thabo Mbeki at the opening of the new National library of South Africa Building. Picture: Etienne Creux The “recovery” of a one-year-old Jimmy Manyi interview could have been an occasion for sober reflection about the tensions that have arisen on the road to a non-racial future. [...]

he DTI’s B-BBEE website provides a contact form which leads nowhere It seems as though the South African Department of Trade and Industry (DTI) isn’t interested in receiving comments or questions regarding broad-based black economic empowerment (B-BBEE) electronically, a member of the MyBroadband forums recently pointed out. The DTI operates a B-BBEE portal on its [...]

The government plans to make it easier to do business in South Africa by setting up a national one-stop shop for investment approvals, reforming black economic empowerment (BEE) codes, and simplifying the red tape required of small businesses. Briefing journalists in Parliament in Cape Town on Thursday, Economic Development Minister Ebrahim Patel said that reducing [...]

antam reported a 51 percent jump in full-year profit yesterday, helped by a recovery in underwriting, although the insurer said that it expected underwriting margins to decline. Santam said diluted headline earnings a share totalled R13.43 in the year to December, compared with R8.89 a year earlier. The results were widely expected after Santam said [...]

arch 3 2011 at 06:02am By Slindile Khanyile Transnet suppliers be warned. Newly appointed group chief executive Brian Molefe still has transformation on his agenda and he will use the state-owned firm to further transform the economy of the country. Molefe, who has a reputation for being a transformation activist, said yesterday that Transnet was [...]

Cabinet has approved changes to regulations aiming to align government’s statutory procurement practices with those of Broad-Based Black Economic Empowerment. On Thursday, Cabinet spokesperson Jimmy Manyi announced that government’s highest decision making body had this week approved the revised Preferential Procurement Regulations, after legal refinement, be promulgated in terms of the section 5(1) of the [...]