Shared understanding necessary for success

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 share an overarching priority; one that, [while] sensitive to varied and conflicting interests, resonates so strongly in each of the interested parties, that the mere notion of violating it is unimaginable. DRDGOLD CEO Niël Pretorius Preventing the premature closure of a mine could and should...

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

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 three day ANC NEC Lekgotla over the weekend. The meeting was attended by ANC deployees in government, alliance partners and members of civil society and traditional leaders. Both former presidents Thabo Mbeki and Jacob Zuma as well as the party’s former deputy president Kgalema Motlanthe...

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

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 minister to set sector-specific employment equity targets across most of South Africa’s major industries. Under the legislation, the minister will first have to publish a notice in a gazette, identifying the national economic sectors which will be impacted. After consulting the individual sectors – and...

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B-BBEE could be used to unlock job creation

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 shop, pushing hundreds of thousands of workers into unemployment while millions more may be working, but for fewer hours and lower wages. Rajan Naidoo, MD of EduPower Skills Academy, says the economic outlook for South Africa has never been worse. “The pandemic has caused huge...

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Tourism Minister studying legal letter about the funding of applications

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 the TEF be suspended. The parties claim “it is exclusive on the basis of race, and discriminates without any legal or justifiable basis”. Tourism spokesperson Hlengiwe Nhlabathi-Mokota says Minister Kubayi-Ngubane is currently considering the letter and will respond in due course. “We wish to emphasize...

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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 question why RAIL had identified mining as an area of focus when it was a “sunset” industry. At the time, gold was sitting at below $350/oz and the obituary of the industry was already being written. Fast-forward to two-and-a-half decades later and the prices of...

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Nedbank’s YES to jobs and a greener planet

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 an unemployment rate of 55.2%. A vision of people being able to swim in Durban Harbour without getting sick is among the goals that WildTrust, which employs over 1 700 YES interns funded by Nedbank, aims to achieve. Picture: Reuters/Rogan Ward “With youth unemployment at...

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Total South Africa Celebrates its Commitment to Transformation

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 welcome a transformation partner. “While areas such as employment equity, skills and enterprise development programmes have had a positive impact on Total’s business, our strategy for improving our BEE score transcends across all transformation elements. Our aim is to be comprehensive in transforming our business...

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BEE not transforming business

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 on Tuesday, where he also spoke on his belief that BEE was not helping to develop black entrepreneurs. Mavuso Msimang Nomlala’s comments come in the wake of a national debate over whether broad-based black economic empowerment (B-BBEE) had achieved the required objectives of transforming corporate...

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#Lockdown SA – Measures available to help Businesses

#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 – can be regarded as a balancing act between containment of the virus, protection of South Africans and measures aimed at fortifying the economy against the inevitable disruption to manufacturing, productivity, growth and employment. Measures to be implemented to soften the blow for employers and employees...

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