Tag Archive | B-BBEE

AECOM announces inaugural Educational Trust bursary recipients

Speaking at an official ceremony at AECOM’s Sandton head office on 29 June, Marketing and Communications Director Rashree Maharaj commented that the Educational Trust had been a long time coming. “We are really excited that it has finally gotten off the ground,” she added. Maharaj is a trustee, along with Human Resources Director for Africa Senika Devsheel, and […]

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Minister Davies gazettes threshold for major B-BBEE transactions

The Minister Trade and Industry, Dr Rob Davies has gazetted the Threshold for Major B-BBEE Transactions which must be submitted to the Broad-Based Black Economic Empowerment (B-BBEE) Commission in terms of Section 13F (1) (f) of the Broad-Based Black Economic Empowerment Act 53 of 2003 as Amended by Act 46 of 2013 as well as […]

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Amended B-BBEE Forest Sector Codes gazetted

Trade and Industry Minister Rob Davies has gazetted the Amended Broad-Based Economic Empowerment (B-BBEE) Forest Sector Codes. Minister Davies also directed the sector codes should be reviewed within two years of gazette. “Two years from the date of gazette the sector code shall be reviewed to set new targets that will accelerate radical transformation.  The […]

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Why BEE deals fail and is there a better way?

The graveyard of BEE deals is huge and this is sad, that’s according to Brian Rainier CFA, Director at Pula Capital. Brian says this was based on an examination of many of these deals over the past 15 years or so. “ I think the reasons are fairly simple as to why many of them […]

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No need to fear new B-BBEE codes

The new B-BBEE codes are here and many businesses will have to find a black shareholder if they wish to maintain their BEE status and benefits at anywhere near the level they currently enjoy. This is according to Pula Capital Partners, a BEE private equity partner for companies seeking an empowerment investment. The company says […]

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Posted in B-BBEE Act0 Comments

Mann Made Media announces B-BBEE deal

Mann Made Media is proud to announce its BBBEE ownership deal that will have a positive impact on the future of the South African economy and a significant influence on young black women. Mann Made Media announces BBBEE ownership deal with the Maharashi Institute In terms of the deal, which has an effective date of […]

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How American President’s policies could drive B-BBEE in South Africa

American President, Donald Trump’s inclusive policies coupled with China’s, France and Germany’s introspection on development investment could create a global economy riddled with isolation policies, that’s according to Oriole Consulting, a legal consultancy firm based in Johannesburg. Natalie Grundlingh, a BEE consultant at the firm, said economies built on “isolation policies” generally discourage external investment […]

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New perspective on economic transformation needed, Minister Pravin Gordhan

South Africa needs a new perspective on economic transformation, Finance Minister Pravin Gordhan said on Wednesday. “To achieve sustained higher growth, there are also more fundamental, more radical transformation measures that are needed. These relate, in particular, to economic power,” said Minister Gordhan, who tabled the 2017 Budget in Parliament. He said the relationships between […]

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PPC and AfriSam merger to boost transformation in construction industry

Cement making giants PPC and AfriSam Group Limited have entered into a Heads of Terms to assess the merits of a potential merger between the two groups. PPC is a leading supplier of cement and related products in southern Africa, PPC Ltd has nine cement factories in South Africa, Botswana, Zimbabwe and Rwanda, while AfriSam […]

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Posted in B-BBEE, Infrastructure0 Comments

Department of Tourism clarifies grey areas in the Amended Code

The Department of Tourism is to conduct a study aimed at analysing the current state of transformation in the sector, over and above establishing the effect of the tourism codes, which apply to businesses in the accommodation, hospitality and travel services sectors, since their introduction, according to what the Department’s officials briefed the Parliament Portfolio […]

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Posted in B-BEE Codes0 Comments

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