Tag Archive | BEE

Bushveld Minerals concludes BEE deal

Bushveld Minerals Limited, the diversified mineral development company with a portfolio of vanadium, titanium, iron ore, tin and coal assets in Southern Africa, has completed the change in ownership of Vametco Holdings Black Economic Empowerment (BEE) partners.   Further to the Company’s announcement on 22 February 2017, Bushveld also confirmed that Jaxson 640 completed the acquisition […]

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Posted in B-BBEE, Mining0 Comments

BEE not working, says IRR

Whether President Jacob Zuma stays or goes in response to the public outcry over his firing of finance minister Pravin Gordhan is important for many issues, including the terms of any nuclear deal with Russia. However, it will have no impact on South Africa’s most pressing policy challenge of all – how to empower the […]

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Worx Group achieves Level 2 B-BBEE status

Worx Group has concluded a corporate restructure that sees its empowerment rating improve to Level 2 while significantly enhancing its transformational plans, and is expected to have a profoundly positive influence on the company’s community in the years ahead. The restructure sees Worx Group’s total black ownership grow to over 51%, combined with the Group’s […]

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BEE scheme bucks the trend in agriculture

New entrants in the agricultural sector find it hard to survive, especially when they are previously disadvantaged individuals.  That is not the case with a Western Cape based citrus project in Upper Olifants River Valley near Citrusdal. Cedar Citrus (Pty) Ltd a BEE citrus export company established in 1999 with the assistance of a start-up […]

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Posted in Business, Skills development0 Comments

State Power Utility uncompromising on transfor – mation commitment

Mining giants, Exxaro and Anglo American could be in for a rocky ride if Eskom’s threats are to be taken seriously. This comes after the state utility’s quarter update today. Eskom was responding to Exxaro’s restructuring of its black economic empowerment (BEE) ownership by lowering its black shareholding from just over 50 percent to 30 […]

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Posted in B-BBEE, Business, Enterprise Development, Government, Mining, Prefferential Procurement, Supply Chain0 Comments

Patrice Motsepe’s ARC, new Alexander Forbes empowerment partner

Shareholders of Alexander Forbes Group Holdings, have approved a transaction announced in November 2016 introducing African Rainbow Capital Proprietary Limited (ARC), a wholly-owned subsidiary of Ubuntu-Botho Investments Proprietary Limited, as an empowerment shareholder. ARC is investing in Alexander Forbes’s African operations by acquiring 10% of wholly-owned subsidiary Alexander Forbes Limited (AFL) for net proceeds of […]

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Posted in B-BBEE, Business0 Comments

Businessman launches transformation magazine

A Johannesburg-based publisher and businessman, Saki Mabhele, today said TransformSA, a new sassy quarterly publication covering transformation and BEE issues, would hit the shelves on Friday this week. Developed by Mabhele and his business partners, TransformSA will be available by subscription and at leading book shops. The magazine is distributed throughout the country. TransformSA focuses […]

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Posted in B-BBEE, Featured0 Comments

Advisory Council not a useless talk-shop

  By Mzwandie Jacks A respected BEE expert has said the much-vaunted advisory council – launched in late 2009 – had since its inception brought back broad-base black empowerment (BBBEE) to the South African political agenda. This bucks the general trend in BEE circles with most BEE practitioners criticising the council and describing it as […]

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Transform SA in conversation with Nompendulo Mkhatshwa about student movement.

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