(Sandile Zungu's) contemptuous attitude to BEE hand-outs is rich given that he himself was only too keen to accept what would have been one of the biggest hand-outs in the history of BEE through a stake in the Ayigobi consortium which he was invited to join shortly before it scored an R800-million deal with ArcelorMittal […]
ZungGwabber politely assessed by Chris Barron. And the ICT Charter Read More »
New state bid to make BEE more hands-on (edited) CAPE TOWN — Amendments to the Broad-Based Black Economic Empowerment Act, aimed at shifting its focus from equity deals to enterprise development, will be tabled in Parliament by July. They would also address sharp criticism of black economic empowerment (BEE) as only benefiting a small elite
New state bid to make BEE more hands-on Read More »
The BEE council (with that Zungu in it) met today and had a long pow wow about stuff – and I am rather happy with the result. If this is what the council is talking about then we are definitely making progress. We were all shitting ourselves that Zungu would push for a greater level
Zuma chairs, BBBEE codes to be revised and fronting is a vile practice Read More »
It was supposed to be a great moment in the history of empowerment, a milestone that was some seven years overdue. Alas they have done nothing but disappoint. The venerated BEE council met last week, chaired by Rob. And all that came out of it was some babbling about fronting. Of all the articles written
Is this all they are doing – Rob content Read More »
KPMG worked with iQuad on this survey. They didn't ask me for my opinion on this so I'll give it now. The last three years of the codes have revealed a few interesting trends BEE scorecards are becoming a lot more prevalent. Industries are starting to show a certain average score. The upshot of the
It's a very sensational heading but Zungu does make a little bit of sense. Sandile Zungu, Executive Chairman of Zungu Investments Company and member of President Zuma's newly established BBBEE Council, says that SA's corporates are unpatriotic because they are not prepared to implement BEE in a meaningful way. This, he cautions, will have dire
It was the title that put me off Read More »
You might have read that recent Mzwandile Jacks article where he quoted the ultimate bright spark, Keith Levenstain. Our PLT is quoted as saying "We would like to see the government and public enterprises obtaining a scorecard because it would show the government's commitment towards its own policies". Beautiful words – sadly uninformed and stupid.
They just can’t do it Read More »
This blog's job is to be the new aggregator. As I mentioned in a few posts ago, you get different perspectives of events from different publications and when you put the lot together you can form a clearer view of what actually happened. I have set myself this task. The reports about yesterday's meeting are
More on the BEE Council meeting on Thursday Read More »
And Zumachine Gun was supposed to chair the council meeting but he's tired so he sent Motlanthe to deliver his speech. It's clear that BEE is going nowhere The speech makes for interesting reading and I recommend that you do read it. I'll go through a few quotes that I think are significant. We should
BEE council met today Read More »
BEE is to right the wrongs of the past, it's the right thing to do, wealth needs to be redistributed from the 5% who have etc. We've all heard these justifications from numerous commentators and agitators. I have a different perspective. I don't view BEE as being so much about righting the wrongs of the
Apartheid’s legacy Read More »
