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SAB Zenzele Kabili officially lists on JSE

BEE is a failure and it must be turned around - Sakeliga CEO Piet le Roux

In 2003, the Broad-Based Black Economic Empowerment Act 53 of 2003 (BEE) was introduced to address the inequalities suffered by black South Africans as a result of apartheid. It was initially created to ensure an inclusive economy – but corruption is forfeiting the purpose. Sakeliga has won a series of court cases against unfair BEE practices in the past. The firm’s CEO, Piet Le Roux, joined the BizNews Power Hour to discuss Sakeliga’s most recent case against unfair BEE practices, saying, “We must judge tenders by whether they serve the end-user and not by how much profit can be made”. Sakeliga CEO Piet le Roux on BEE procurement and the progress Sakeliga has made:

SA must step up production of EVs for export or be left behind, says Patel

GCIS Climate change presents a threat to economic prospects, and South Africa must make sure not to get left behind, says Trade, Industry and Competition Minister Ebrahim Patel. Patel says the country needs to step up production of electric vehicles to key export markets, the UK and EU, as these trade partners have set targets to reduce fossil fuel relying vehicles. Patel tabled his department s budget vote virtually, to Parliament on Tuesday. Climate change presents a threat to economic prospects and South Africa must make sure not to get left behind with stranded assets and a carbon-dependent economic model , Trade, Industry and Competition Minister Ebrahim Patel has said.

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