Image (TSA)

4 THINGS TO KNOW ABOUT EMPLOYMENT COMPLIANCE CERTIFICATES

Employers will be subjected to strict audit before the certificates are issued. without the certificate, a business entity cannot do business with neither the state nor any of its organs. Following the amendment of Section 53 of the Employment Equity Read the full story

A shop owner (Image: SAB Foundation)

SAB BREWING ENTREPRENUERS TO PERFECTION

Applications are now open for the SAB Foundation Tholoana Enterprise Programme. Entrepreneurs who are living with disabilities are strongly encouraged to apply. Applications are also welcome from businesses working in new and growing sectors such as export, manufacturing, food processing, water, energy and waste Read the full story

STRONG CASE FOR PREFERENTIAL PROCUREMENT FOR WOMEN

The Preferential Procurement Act should be revised to make the involvement of women-owned companies compulsory. A gender specialist believes the national preferential procurement ‘could be an effective tool to build economic resilience for women’. Data suggests that there is a Read the full story

(Image: Imperial Logistics)

DUBAI GROUP’S ACQUISITION OF IMPERIAL LOGISTICS TO INCLUDE BLACK-OWNERSHIP

DP World buys Imperial Logistics for R12.7 billion, vowing to comply with BBBEE Act. A few weeks ago the Competition Commission blocked the sale of Burger King South Africa to a private equity fund to forestall the loss of black-ownership Read the full story

Image: TSA

PRACTICE NOTE CLARIFIES POSITION OF TRUSTS UNDER B-BBEE CODE OWNERSHIP

Ownership, as defined by Broad Based Black Economic Empowerment (B-BBEE) Act, has been a grey area, lending itself to different interpretations by regulators and major entities alike, as well as being viewed by businesses as the most cumbersome component of Read the full story

Minister of TIC, Ebrahim Patel (Image: TSA)

3 CHANGES MADE TO THE COMPETITION ACT TO ENFORCE BLACK OWNERSHIP

The Competition Commission‘s move to block the acquisition of Burger King South Africa by private equity fund, ECP Africa, may have shocked some, viewed as an extreme measure. However, the oversight body was merely enforcing the increased scope of its Read the full story

Zodwa Ntuli, B-BBEE Commissioner (Image: B-BBEE Commission)

FRONTING FORCES COMMISSIONER TO CONSIDER REVOKING LICENCES

Statistics submitted to the Broad-Based Black Economic Empowerment (BBBEE) Commission are impressive, showing increase in black ownership in businesses. However, the impact of this trend is not felt on the ground where some of the supposedly black shareholders are not Read the full story

Image: Burger King

SALE OF BURGER KING BLOCKED OVER LACK OF BLACK OWNERSHIP

The Competition Commission has blocked Grand Parade Investments’ sale of Burger King (South Africa) and Grand Foods to ECA Africa, a private equity fund, over significant reduction of shareholding of historically disadvantaged persons (HDPs) and workers. The Commission says the Read the full story

One Balwin's assets in Cape Town (Image: Balwin)

REGGIE KUKAMA TO OWN 10 PERCENT OF BALWIN PROPERTIES

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