Page 5 - B Bbee News Today

The co-founder and CEO of Wiphold says B-BBEE efforts so far are failing to have much impact on the livelihoods of these women.

3 June 2022 - There is little to celebrate about the results of Stats SA’s latest quarterly labour force survey (QLFS). Perhaps the most disturbing result is an increase in the “not in employment, education or training (Neet) rate for people aged 15-34.

President Cyril Ramaphosa's office on Wednesday unveiled the newly appointed Broad-Based Black Economic Empowerment advisory council.

10 May 2022 - In my last column, I discussed the government’s commitment to its race-based model of empowerment: Broad-based Black Economic Empowerment. Government leaders and ruling party Mandarins have decreed this (or at a minimum, its guiding principles) to be non-negotiable. Those who oppose it, they warn, are destroying the country’s future, for B-BBEE represents not just a strategy for economic growth, but for socio-economic and political inclusion.

The objective of the B-BBEE Act is clear in seeking to increase the number of previously disadvantaged social groups to participate meaningfully in the mainstream economy through various interventions.

Tongaat tackles Woollam, explains why rights issue is critical, and says the company does not have the luxury of time to reduce this debt.

L-R: Shamy Naidu, executive director; Thulani Dumakude, group head rights and development and Mzi Deliwe, deputy CEO] In September it will be five years since Provantage Media Group and Outdoor Network announced the merger of their respective out of home media operations, making the coming months a good time to reflect on the journey that ON has taken with PMG and how it has impacted transformation within the South African OOH sector. At the time of that significant transaction in 2016, the bal...

Changing the status quo for women working in the production side of the advertising industry is at the heart of new company launched by the DUKE Group this week. Duchess is a 100% black female-owned, Level 1 B-BBEE-compliant, full-service production facilitator. In the words of DUKE CEO, Wayne Naidoo, it is “a powerful, female-owned and managed business that exists to meet the production, media, social, economic and cultural landscape”. Headed by 25-year production stalwart, Nino Naidoo, Du...

Accrediting fronting firms hampers BEEs good intent SIBUSISO MTSETFWA"> By SIBUSISO MTSETFWA - 19 April 2021 - 07:57 I recently came across a “transformed” 51% black-owned company that flashed its level 2 broad-based BEE  (B-BBEE) credentials to all and sundry as it stood at the front of the tender line, successfully winning and retaining contracts with large corporations it did business with before its “transformation”. I say “transformed” because on closer investigation...