Last month Transform SA online reported about Gijima’s setbacks which had resulted into the company delisting from the JSE. Now its charismatic chairperson, Robert Gumede, who has embarked on a turnaround trail for his firm, sees shortcomings in the current Read the full story
The black economic empowerment drive in blue chip organisations is surely gaining traction, as demonstrated by the appointment of Thulani Gcabashe, the former head of Eskom, as the replacement for the current chairperson, Fred Phaswana, at the end of this Read the full story
In a press release issued from its London Headquarters, Lomnin, the world’s second-largest platinum producer, has announced that it is in talks with unions and employees aiming to cut 3 500 jobs at its mines in South Africa, in an Read the full story
In an economy in which most BEE schemes are either on the verge of collapse or wobbling along, Old Mutual’s initiative is certainly bucking the trend. Financial services giant says that its broad-based black economic empowerment transactions that, to date, Read the full story
Kwazulu Natal has been receiving negative press in the past two months. But there are a number of positive developments that are being overlooked. One of them is the Eyesizwe Contractor Development Programme in the mega-billion public sector construction landscape. Read the full story
The Deputy Minister of Energy, Ambassador Thembisile Majola, says transformation in the petroleum sector remains a critical imperative of the Department of Energy (DoE). “We should never lose sight of the important goal of transformation. Transformation is a critical imperative Read the full story
For many years it has been very easy for corporations to achieve compliance with Broad Based Black Economic Empowerment (BBBEE) codes. All they have had to do is to mobilise a community and offer it token shares to score high Read the full story
Transform SA Online is informed that Media24 has significantly increased its broad-based black economic empowerment (B-BBEE) scorecard from 77.98 to 80.55, the company said in a statement. In a press statement, the media giant says it has retained its level Read the full story
The amended B-BBEE codes are quite explicit about the distinction between “the value adding supplier’ and “the empowering supplier”. From government’s zero tolerance stance on compliance, ignorance won’t be a defence for noncompliance. Thus, the onus is entirely upon companies Read the full story
In a first for South Africa, Calgro M3 is soon to launch a subsidiary that will operate completely off the national electricity grid, by generating its own renewable energy to run all aspects of the business, including that subsidiary’s Read the full story
