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
In a holds-no-barreled tone, Gerhard Papenfus, chief executive of the National Employers’ Association of South Africa (NESA), highlights the institutional barriers which the culture of Black Economic Empowerment (BEE) has put placed on the growth and development of white owned Read the full story
The high profile court case in the North West has underlined the significance of chiefs seeking the consensus of members of their communities first before entering into agreements. Members of the Bapo ba Mogale Community are divided over a black Read the full story
Beyond the hilarious debate about whether legislators should be allowed to wear red overalls in parliament and chant “pay back the money”, uppermost in the public interest in parliament is whether the 2015 National Budget will foster economic transformation. In Read the full story
The changes with BEE that have been the talk for quite some time now will be implemented in 2015. Below, John Long of Veld Cooper lists a couple of changes that will have an effect on BEE compliance: – Read the full story
For a high level of compliance with the revised B-BBEE codes to be achieved, there has to be a high level of buy-in from various organisations. However, the Department of Trade and Industry (dti) might face the problems in Read the full story
As the Department of Trade and Industry (dti) is looking at revising its approach to transformation compliance monitoring, it should ensure that companies adhere to every aspect covered in the revised B-BBEE codes. What has emerged in a recently-concluded Read the full story
While the level of occupancy in most of their classes of properties is mostly high, defying depressed economic conditions, the transformation score card of most organisations in the property sector is dismally low. The Public Works Minister, Thulas Nxesi made Read the full story
With Telkom employees resigned to the reality that retrenchment is imminent, Solidarity, a trade union which represents mainly white workers, has warned Telkom that it would have to file a court petition if needs be to prevent its members from Read the full story
It should not be a coincidence that recent reports released by various entities on Broad Based Black Economic Empowerment (BBBEE) have concurred that the private sector’s compliance has been ‘way below par’. To put it more bluntly, the moral is Read the full story