Addressing a Gordon Institute of Business Science forum on innovation and broad-based black economic empowerment, Executive chairperson of Zungu Investments and member of the president’s black economic empowerment advisory council, Sandile Zungu said the introduction of the final regulations to the Broad-Based Black Economic Empowerment (B-BBEE) Act in June 2016 signalled a shift in Black Economic Empowerment.
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.
The commission raised questions about the structure of Sasol Khanyisa’s employee share ownership programme as well as whether the Sasol Foundation was an appropriate vehicle for getting ownership credits, he added.
"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.
Affirmative action, BEE, BBBEE, or maybe even white privilege. For many white South Africans, these are terms that irritate them or they’re “sick of” hearing about. If you’re one of those people, then you probably think affirmative action is “unfair”.
Before we dive into this, let’s look at why the Department of Labour says affirmative action is necessary.
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.
It’s official. The Johannesburg Stock Exchange (JSE) is no longer the only game in town.
ZAR X announced on Wednesday that the Financial Services Board has granted it a stock exchange licence that enables the company to operate as such, providing a cheaper alternative to investors and companies looking to raise capital.
ZAR X CEO Etienne Nel, says it is a momentous occasion for the inclusion of lower-income individuals who otherwise have limited opportunities to participate in South Africa’s equities investment landscape.