Tag Archive | black economic empowerment

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

Vodacom Group aims to increase black ownership

Mobile giants Vodacom might take part in one of the biggest deals ever aimed at uplifting black participation in the economy, that’s according to Bloomberg, who cited two close sources. It is reported that Vodacom Group plans to buy back part of the 12.47% stake owned by the Public Investment Corporation (PIC), Africa’s biggest money […]

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Posted in B-BBEE, Business, ICT0 Comments

Mandated investments should not be counted as BEE ownership – transformation expert

Black Economic Empowerment in its current version has been criticised as a mechanism which does not necessarily grow wealth amongst its intended beneficiaries, but perpetuates the growing gap between the so-called historically disadvantaged individuals and groups that are classified as having been “privileged” during the apartheid era. But the final BEE Codes, which are meant to […]

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Why majority of BEE shareholders end up with nothing

Are we surprised why shares doled out with fanfare in the mining sector to so-called Black Economic Empowerment consortiums (or some hastily assembled grouping classified as black) end up not worth even the paper on which they are printed? We shouldn’t. It’s down to the mechanism employed to facilitate the transactions, according to an articulate analysis in […]

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Posted in B-BBEE0 Comments

SA desperate for black industrialists

By Chris Bathembu Midrand – Government should help create South Africa’s own black industrialists, President Jacob Zuma said in Johannesburg. “There are many financial institutions that are under the control of government; they must shift in how they finance black business, they must encourage people to take risks to industrialise. We need black industrialists,” he […]

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Posted in Government0 Comments

BEE firm enters seaborne ore market

An agreement between Kumba Iron Ore and Burk Mining will see the latter become the first black-empowered mining company to enter the seaborne iron ore market, through the port of Saldanha. The agreement makes provision for iron ore from Burk Mining’s mine in the Northern Cape to be loaded at Kumba’s Sishen mine onto the […]

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Posted in B-BBEE, Business0 Comments

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