A transaction that will set the pace for future Broad Based Black Economic Empowerment (BBBEE) deals involving entities within the property sector is at an advanced stage. Balwin Properties Group, South Africa’s largest sectional title developer, is selling a stake Read the full story
The election of Nolitha Fakude, as President of the Minerals Council of South Africa (MCSA), is a much needed pick-me-up that the mining sector needs. This is considering differences that persist amongst stakeholders on the appropriate approach to implementing transformation Read the full story
While everybody is fixated on seeing increase in the participation of black South Africans in the formal sector (both in business and at the workplace), the informal economy, where the black African majority dominate, is overlooked. Khwezi Mabasa, a senior Read the full story
J Sassoon Group, a US private and equity investment firm, is keen to invest $50 billion (R692bn) in ’emerging, entrepreneurial and innovative’ businesses involved in transportation, infrastructure and particularly in renewable energy in South Africa. The company’s chairman, David Sassoon, Read the full story
Mergers and acquisitions in the advertising space are very rare in the current COVID-19 ravaged economy, as investors are generally risk averse. And when a deal happens, one is certain that it is the real deal. That is why Matrix Read the full story
“All the funding and risk-taking in the world may not be enough if South Africans lack the basic foundations in education to set them up to be successful“ lt is only fair to admit that South Africa’s noble efforts to Read the full story
The Department of Employment and Labour has proposed amendments to the Employment Equity Act, which seek to give the Minister of Labour, Thulas Nxesi, the authority to set employment equity targets for employers across the economy, among other notable changes. Advocate Read the full story
South Africa has been importing goods which local small and medium companies have manufacturing capacity, resulting in loss of revenue and depriving citizens of job opportunities, at a time the country has an unemployment rate of 35%. Hopefully, a new Read the full story
Zenzele Kabili, SAB’s new broad-based black economic empowerment scheme, is all set for listing on the Johannesburg Stock Exchange on the 28th of May 2021. This follows approval by 95% of SAB Zenzele Scheme’s shareholders during a special virtual AGM Read the full story
It has become not uncommon for the court of law to declare a section of the legislation on B-BBEE compliance as ‘not binding or invalid’ after a certain business group or association wages a legal challenge. And it must be Read the full story