ADVERTISING agencies are under pressure to achieve 45% black ownership by the end of March 2018.
This follows the gazetting of the B-BBEE sector code for the SA Marketing, Advertising & Communications industry by trade & industry minister Rob Davies. It follows months of tough talk in the industry. There is a widely held belief that transformation across most aspects of the business has been slow or has ground to a halt and that advertising output has not always matched the needs or the profile of the SA consumer.
Former domestic worker Zanele Sibiya is proof that perseverance is the key to success
It took her six long years of ill health, stress, financial strain and struggle to get to where she is, but former domestic worker Zanele Sibiya (27) never gave up on her dream to get her BSc in physics and electronics from the University of Zululand in KwaZulu-Natal. She qualified earlier this month.
The South African Broadcasting Corporation (SABC) will be paying artists a bit more for playing their music on radio.
Following a meeting with he Southern African Music Rights Organisation, South African Music Performance Rights Association, Independent Music Performance Rights Association and Association of Independent Record Companies, the SABC decided to increase royalty payments from 3% to 4%.
Johannesburg - The Forum of Journalists for Transformation (FJT) has called on the government to set aside 50 percent of its advertising spend for small black-owned media companies.
As the bidding war for Barclays’s 50.1% stake in Barclays Africa Group hots up, it has emerged that an empowerment deal is likely to be part of the equation. A staff share scheme could be on the cards too, depending on the buyer.
Barclays Africa chairman Wendy Lucas-Bull told shareholders at its annual meeting on Tuesday that the disposal of some or all of Barclays plc’s stake in its South African subsidiary presented an opportunity to increase the empowerment shareholding. "This is one of the options we have tabled with (Barclays) plc. We are collaborating with them to look at a broad range of options."
Barclays plc is reducing its 62.3% stake in its SA-based subsidiary. That stake has since fallen to 50.1%, following a successful bookbuild earlier this month in which 12.2% of the group’s shares were placed with investors.
A new are in township business in South Africa has heralded.
Yes, the Family Best Buying Group (FBBG) has hit the ground running.
As South Africa welcomes the milestone achievement in the development township businesses, it would be healthy to also look at the economics and politics that threaten or can grow this news township business venture.
With the birth of the FBBG, which is by the way, the first 100 percent black owned buying group in the country, as many some entrepreneurs have alluded, real Black economic empowerment (BEE) has arrived.
Government grants and funding are a great source of finances when you’re trying to get your business off the ground or expand to new horizons.
South Africa’s economy needs to inspire entrepreneurship in order for it to grow. By creating an environment that is friendlier to small businesses and actively encouraging the sector, the country is in a better position to create jobs.
Labour unions have played an integral role as a voice for social transformation in South Africa. During apartheid, their objectives were distinctly political. Their formal influence grew with the deregulation of black trade unions in the early 1980s.
But how have they fared in the democratic period? In particular, to what extent have unions used labour-friendly laws to negotiate better conditions for their members? The answers to these two questions suggest two things: that trade unions remain a force to be reckoned with in South Africa; and that they deliver benefits to their members, particularly those who work in the public sector.
SOUTH African-based shareholders will receive more than $100m of the dividend due to be paid by SABMiller in early August if there is a delay in finalising the Anheuser-Busch InBev (AB InBev) transaction.
Moves by the Food and Allied Workers’ Union (Fawu) to secure an accelerated payment for workers participating in SAB’s Zenzele black economic empowerment (BEE) scheme emerged last week as a possible threat to early closure of the $108bn transaction.
On 15 April 2016, the Department of Mineral Resources ("DMR") published the draft Reviewed Broad Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 ("Draft Mining Charter") for comment. The Draft Mining Charter seeks to align its predecessor to the provisions of the recent amendments, effective from 1 May 2015, to the codes of good practice ("BBBEE Codes") issued by the Department of Trade and Industry under the Broad-Based Black Economic Empowerment Act, 2003 ("BBBEE Act").
Early in 1985, a young medical intern, Mtutuzeli Nyoka, reported for duty at Livingstone Hospital in Port Elizabeth. There to welcome him proudly as a colleague was none other than his father, Dr Siyolo Nyoka. On that day, Nyoka senior, who had preached the gospel of education to his children, was “overtaken by emotion”.
Mtutuzeli, now author of at least two gripping novels and one book of nonfiction, is not your average medical practitioner. As a child, he “read everything I could get my hands on” to such an extent that, “when I was not reading, I was thinking about reading”.
His education was interrupted for a year when the 1976 student uprisings swept through the land.
Jaqueline Nkambule, who is a new mom and wife who works in the engineering field, inspires us as she explains how she overcame obstacles to reach her dream of becoming not only a qualified psychologist but achieving 27 distinctions along the way.
Unisa graduate and new mother achieves 27 distinctions
by Monica Raseroka
Jaqueline Nkambule, wife and mother to a one-month-old baby boy graduated cum laude with 27 distinctions from the College of Human Sciences during Unisa’s autumn graduation.
Phil Andrews, President of the Long Island African American Chamber of Commerce looks at the influence S.B. Fuller had on Black Economic Empowerment in the USA.
Samuel B. Fuller taught economic empowerment and entrepreneurship to African Americans in the height of segregation.
S. B. Fuller was an American entrepreneur. He was founder and president of Fuller Products Company, publisher of New York Age, and Pittsburgh Courier, head of the South Side Chicago NAACP, president of the National Negro Business League, and a prominent black Republican.
The transformation of sport, like the rest of society, is not a choice. It is essential if we are to move forward as a country, writes Ryland Fisher.
A few years ago I attended a function where I could count on one hand the number of people who were not white. I ended up listening to a conversation where someone said words to this effect, very strongly, and almost angrily: “They must leave rugby alone. I don’t care what they say, blacks have never played rugby. They can mess up other sports but must leave rugby to us.”