WDB Investment Holdings increase equity stake in Seed Engine to 51%

August 14, 2017

WDB Investment Holdings (WDBIH) has increased its stake in Seed Engine (incorporating Seed Academy and the WDB Seed Fund) from 35% to 51%, officially confirming Seed Engine as a proudly 51% black women owned company. Venture capital company Grovest is Seed Engine’s second major shareholder with a 30% stake. The increased share underscores the long-standing […]

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City does R13,6 billion worth of business with BBBEE compliant vendors

August 14, 2017

For the year ending June 2017, the City of Cape Town reported that more than 92,7% of its purchase orders were placed with BBBEE-compliant vendors. This is part of our commitment to redress through empowerment and economic inclusion. As part of our drive to create a city in which previously disadvantaged residents are afforded economic […]

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Toyota announces the creation of the Toyota Empowerment Trust

August 11, 2017

Toyota South Africa Motors (TSAM) on Tuesday announced the creation of the Toyota Empowerment Trust (TET) at its Toyota State of the Motor Industry event in Sandton, Johannesburg. The TET has been seeded with R42 million in start-up funding and will focus on supplier and enterprise development initiatives in the automotive industry. Initially, it will […]

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BMF impressed by Ntombela and Jarana appointments

August 11, 2017

The Black Management Forum (the BMF) which is the foremost organisation in the development of managerial leadership and advancement for socio-economic transformation in South Africa is elated with the appointments of Saks Ntombela as the Hollard Insurance Group (Hollard) Chief Executive Officer (CEO) and Vuyani Jarana as the new Chief Executive Officer (CEO) of South […]

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Women ‘own their thrones’ with Tsogo Sun and Proudly SA

August 10, 2017

Tsogo Sun and Proudly South African partnered to host a lavish ‘Women in Business’ lunch on 8 August at Southern Sun Hyde Park, under the theme of, ‘Own your throne’, with celebrity and businesswoman Basetsana Kumalo, Executive Chairman and CEO of Basetsana Woman Investment Holdings, delivering the keynote address. Explaining the theme, Candy Tothill, Tsogo Sun’s […]

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SA needs more women in executive positions

August 10, 2017

Minister in the Presidency responsible for Women, Susan Shabangu, is determined to advance the recruitment and retention of women into executive positions. “Until we have as many women as men in executive positions both within the public service and the private sector, our work is nowhere near completed,” said Minister Shabangu. The Minister was speaking […]

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B-BBEE Commission initiates fronting and non-compliance investigations

August 9, 2017

The Broad-Based Black Economic Empowerment (B-BBEE) Commission has initiated investigations against specific entities for possible violation of the B-BBEE Act relating to the B-BBEE ownership structures and non-compliance with the Codes of Good Practice in respect of the verification process. All entities were notified, and if there are adverse findings against them, they will be […]

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Inyathelo secures R2 million funding to build NPO capacity

August 8, 2017

This US philanthropic private foundation has supported non-profit trust Inyathelo since the latter’s founding 15 years ago. Inyathelo has leveraged the funding to run a capacity building non-profit clinic that provides a one-on-one advisory, training and support to NPOs. It also advises individuals who are social innovators and opens up opportunities for peer learning and exchange. […]

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Adcock Ingram signs commitment to good business practice guidelines for Africa

August 7, 2017

The CEO of leading South African pharmaceutical manufacturer Adcock Ingram, Mr Andrew Hall, recently signed the Guidelines for Good Business Practice by South African Companies Operating in the Rest of Africa. The signing ceremony, which was witnessed by the Minister of Trade and Industry, Dr Rob Davies, took place at the dti Campus in Pretoria. The guidelines are […]

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Mentorship programme gears rural women for business

August 7, 2017

A mentorship programme to capacitate KwaZulu-Natal rural and township women with business skills to realise their dreams of becoming entrepreneurs and enjoying a better quality of life has been made possible. Spearheaded by Ithala Development Finance Corporation, the mentorship programme is designed to help micro-level SMMEs grow and sustain their businesses. The initiative forms part […]

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