Category: Uncategorized

Shared understanding necessary for success
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Shared understanding necessary for success

As South Africa’s mining industry enters 2021, the key role-players remain fragmented in terms of ambition and purpose. As a result, many operations are in slow decay and on course for premature closure, with unnecessary and avoidable loss of mineral resources, jobs and opportunities to follow. Countries, communities and corporations that excel are those that...

We will work tirelessly to end unemployment caused by COVID-19: Ramaphosa
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We will work tirelessly to end unemployment caused by COVID-19: Ramaphosa

In November, Statistics South Africa revealed that South Africa’s unemployment rate increased by 7.5% points to 30.8% in the third quarter of 2020. African National Congress (ANC) President Cyril Ramaphosa says they will work tirelessly to end poverty, inequality and unemployment caused by the COVID-19 pandemic. This is amongst the decisions taken at their virtual...

How South Africa’s ‘game-changing’ transformation law will work
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How South Africa’s ‘game-changing’ transformation law will work

Parliament’s Portfolio Committee on Employment and Labour has called for public comment on the Employment Equity Amendment Bill. The bill promises a shake-up of the country’s existing employment equity laws and will give the minister of Employment and Labour the power to speed up transformation in specific business sectors. It does this by empowering the...

B-BBEE could be used to unlock job creation
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B-BBEE could be used to unlock job creation

As the second wave of Covid-19 scours South Africa, it is more evident than ever that even the most astute financial modelling will not be able to predict the long-term economic and social effects of the pandemic. The pandemic and the extended lockdown have resulted in massive disruption with devasting numbers of small businesses shutting...

Tourism Minister studying legal letter about the funding of applications
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Tourism Minister studying legal letter about the funding of applications

Department of Tourism The civil rights group, AfriForum, and trade union, Solidarity, accuses government of racism in the criteria to be used when awarding funds to applicants hit hard by the Covid-19 pandemic. A letter has been issued to the department by both parties demanding confirmation by no later than Tuesday that the operationalisation of...

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Embracing enterprise supplier development benefits all

It was Don Ncube, one of the pioneers of black economic empowerment (BEE), who once quipped: “You cannot talk about South Africa without talking about the mining industry.” He made this comment at the launch of a BEE vehicle he led, Real Africa Investments Ltd (RAIL), in 1994. His comment was in response to a...

Nedbank’s YES to jobs and a greener planet
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Nedbank’s YES to jobs and a greener planet

Youth unemployment has become one of the single most challenging aspects of South African society, according to Nedbank chief executive Mike Brown. In the first quarter of 2019, Statistics South Africa released devastating figures on unemployment, showing that young people aged between 15 and 24 are the most vulnerable in the South African labour market with...

Total South Africa Celebrates its Commitment to Transformation
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Total South Africa Celebrates its Commitment to Transformation

Total South Africa is proud to announce that it has been awarded a Level One Broad-Based Black Economic Empowerment (B-BBEE) rating in terms of the B-BBEE Codes of Good Practice. This score has been achieved through a targeted and dedicated transformation strategy since 2003, when Total became the first energy company in South Africa to...

BEE not transforming business
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BEE not transforming business

In its current form, Black Economic Empowerment has created beneficiaries who are merely sitting around waiting for dividends from companies they do not even know, according to Black Management Forum president Andile Nomlala. They collect cheques without having created any job opportunities for other black people, he said at the Nelson Mandela University Youth Convention...

#Lockdown SA – Measures available to help Businesses
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#Lockdown SA – Measures available to help Businesses

On Monday 23 March 2020, President Cyril Ramaphosa addressed the nation detailing South Africa’s next step in its action plan to curb the spread of COVID-19. The key action includes a 21-day lock down of all but essential workers. The three-week lock down – which comes into effect on Thursday, 26 March at midnight –...

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