"White South Africans love to bash affirmative action. With a lot of the bashing being based on false information, we thought we would take a closer look" writes Nic Andersen in The South African.
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.
"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.
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.
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.
The Broad-Based Black Economic Empowerment (B-BBEE) commission plans to issue about 50 preliminary and final findings against companies for contraventions of the B-BBEE act, according to commissioner Zodwa Ntuli.
Qoheleth, in the 12th verse of the fourth chapter of Ecclesiastes, a wisdom literature book in the Holy Writ, reminds us: “Though one may be overpowered, two can defend themselves. A cord of three strands is not easily broken.”
I thought of this archaic sacred text as I began to crystallise the reasons for Johann Rupert’s arrogance.
Businessman Sandile Zungu has warned that big corporates are using community trusts as a sophisticated new way of fronting in BEE deals.
Zungu serves on the president’s Advisory Council on broad-based BEE (BBBEE), as well as on the Brics Forum, incorporating the five emerging economies of Brazil, Russia, India, China and South Africa.
African Infrastructure Investment Managers (AIIM), a subsidiary of Old Mutual, has been accused of racism, intolerance and prejudice towards its female employees of colour.
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