News (4)
By nature and convention, businesses struggle to be altruistic. The profit motive is built into legislation all around the world. Profit is hard-won and ‘giving it away’ is counter-intuitive.
It takes a fresh way of looking at things to enable business to automatically serve a social need while doing business as usual.
Recent revelations by the Statistician-General Pali Lehohla on poverty and economic growth trends clearly show that indeed there is still validity in calling for total economic transformation in South Africa.
Lehohla’s assertion that more than 30 million South Africans live in poverty should make us stand up and do more to address the poverty and social inequality time bomb in our midst.
"There are a lot of grants available when you are dealing with government – from the dti, and from other development agencies – but the information is not available to the SMMEs at their fingertips." Julius Mojapelo
Moneyweb's Nastassia Arendse interviewed Julius Mojapelo, who is a senior executive at Saica’s public sector division.
BEE - Better definitions will help stop alarming race-based decisions
Dylan Cunard
The practice by BBBEE ratings agents and practitioners clearly discriminates against African and Coloured mothers
While it is well established that one of the purposes of broad-based black economic empowerment (BBBEE) is to address historical imbalances or patterns of past discrimination in SA, the fact that it is based on a flawed race-based categorisation from the apartheid era means there will always be challenges in applying it.
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