News Articles

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 […]

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 […]

ACS achieves Level 1 B-BBEE rating

ACS, a division of JSE-listed Altron company, and a leader in the secure electronic transactions market within the ICT sector, has attained a Level 1 broad-based black economic empowerment (B-BBEE) rating in South Africa, demonstrating its continued commitment to strategic partnerships and inclusive business development. Johan Gellatly, Managing Director for Bytes Secure Transactions Solutions, believes […]

BBBEE Related Blue Label ‘disempowers’ black SMMEs

JOHANNESBURG – The Competition Commission is investigating Blue Label Telecoms for prepaid airtime arrangements that are allegedly disempowering to blackowned small, medium and micro enterprises (SMMEs).  The commission’s spokesperson, Sipho Ngwema, yesterday confirmed the antitrust body was investigating a complaint against Blue Label, saying it was difficult to comment, because they were still gathering facts.  […]

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 […]

R2 Million training programme for 300 Mdantsane auto mechanics launched

East London – Automotive sector enterprise development company, Filpro, on Wednesday kicked off a R2 million support programme aimed at growing the competitiveness of 137 informal automotive mechanics in Mdantsane outside East London. In total 300 people including the employees of the 137 business owners will receive training. The 137 mechanics include 106 motor mechanics, 18 panel […]

Black Business Council hails appointment of black women in leadership positions

Johannesburg – The Black Business Council (BBC) on Wednesday congratulated Phuti Mahanyele-Dabengwa and Busisiwe Mavuso on their appointment as CEOs of Naspers South Africa and Business Leadership South Africa (BLSA), respectively. Mahanyele-Dabengwa, previously executive chair at investment group Sigma Capital, was announced as CEO of Africa’s largest public company’s South African unit ahead of an […]

Time to rethink BEE — Ebrahim Patel

The new trade & industry minister says to be effective, the next phase of broad-based black economic empowerment should benefit ordinary workers Trade & industry minister Ebrahim Patel conceded on Thursday that black economic empowerment laws in their current form need a “rethink” as they had not always produced the required results. “As we engage […]