Page 3 - B Bbee News Today

Top black business leaders have blasted the slow pace of economic transformation, saying there is still too much wealth concentrated in white hands almost 30 years into democracy.

SPONSORED | The company is pushing the agenda through four key areas

Sanlam chair Elias Masilela says corporate South Africa should not “throw the baby away with the bath water” when it comes to economic empowerment.

SPONSORED | The findings of the annual report on the progress of economic transformation in SA will be unpacked on July 18

Disgruntled empowerment partners are planning to have one of South Africa’s largest fishing groups investigated after the company announced it would discontinue a R1.2bn empowerment deal that smoothed the way for it to secure fishing rights.

Gqeberha-based Jendamark Automation’s locally developed technologies have been recognised for a second consecutive year by the upcoming Africa Tech Week Awards, with two of its divisions reaching the finals in this year’s competition.

The company is focusing on skills development, enterprise development and supplier development in achieving its B-BBEE targets.

The DA has insisted that its position on the declaration of a state of disaster over the energy crisis is consistent.

However, the council said it is sharply opposed to Ramaphosa's plan to appoint an electricity minister.

The constitutionality of Broad-Based Black Economic Empowerment (B-BBEE) can still be tested even though the Constitutional Court (ConCourt) upheld the Supreme Court of Appeal (SCA) ruling that provisions to aid only black tourism companies were unlawful.