As the Matric Class of 2023 approaches the end of their school journey, some students might know about Broad-Based Black Economic Empowerment (B-BBEE) from their Business Studies. However, how companies apply B-BBEE and shape their Skills Development programs could significantly Read the full story
Amid the scandal rocking Johannesburg Stock Exchange-listed Spar, the Black Business Council (BBC) has requested a meeting with the board of the grocery food chain, to discuss damning findings of an independent investigation pointing to: Allegations Spar wanted to use Read the full story
President Cyril Ramaphosa has appointed a diverse and representative group of people with sector expertise to serve as members of the Broad-Based Black Economic Empowerment Advisory Council. The Advisory Council, which has been appointed for a period of five years, Read the full story
Banking group Absa has made a big mistake to choose the eve of April Fools’ Day to announce the appointment of its white CEO, Arrie Rautenbach because none of the transformation advocates were deceived by its unpopular decision. Rather its Read the full story
Two weeks ago, the Broad-Based Black Economic Empowerment (B-BBEE) Commission declared that a company with a naturalised black South African citizen as one as its shareholders had misrepresented its BEE credentials. If your company has black shareholders, one of them Read the full story
Johannesburg – Coca-Cola Beverages South Africa (CCBSA) has increased its Broad-based Black Economic Empowerment (B-BBEE) ownership to a revised 20% target, with a significant worker ownership component. “This updated agreement will result in employees increasing their current holding of around 5% Read the full story
The B-BBEE Commission has noted the ruling by the Supreme Court of Appeal that declared the PPPFA Regulations of 2017 invalid and confirms that the ruling has no effect on the B-BBEE Act, as amended, and its requirements. The B-BBEE Read the full story
The Competition Commission (Commission) is pleased to announce the signing of a consent agreement reached with Pick n Pay Retailers Proprietary Limited (Pick n Pay) to eliminate exclusive leases in shopping malls in compliance with the recommendations of the Grocery Read the full story
The Broad-Based Black Economic Empowerment (B-BBEE) strategy was published in 2003 as a precursor to the B-BBEE Act 53 of 2003 with the aim of advancing economic transformation in South Africa. B-BBEE aims to ensure that South African citizens who Read the full story
In July this year, President Cyril Ramaphosa ruled out the scrapping of B-BBEE policies arguing that they brought real benefits to poor South Africans, particularly women and people living with disabilities. In his opening address, he also said:“we (referring to Read the full story