Whilst the play is in play the ushers hand out these two documents which will have to substitute for a programme. The ushers inform the audience that they have 60 days to comment on the two documents. hlaudi looks at the documents and sees there is writing on them, being neither literate nor compus he […]
Rob Davies – making amends, coda to the play in one act Read More »
Investment company Ditikeni has launched its Black Economic Empowerment (BEE) checklist which the company says will improve the quality and transparency of broad-based BEE ownership. Jay Naidoo - "Graft and corruption are producing a society that is driven by consumption rather than production, yet consumption will not create jobs that are needed. Consumption just breeds greed
New BEE checklist launched by Jay Naidoo Read More »
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 »
Public Private Partnerships are without doubt the most effective tool that the government has to achieve its Black Economic Empowerment (BEE), RDP and other empowerment related goals. Yet this method of procurement is not making the most of these opportunities. The problem seems to be that the transaction advisors that are used in the early
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 »
Solidarity took FNB to task about their allocation of education bursaries for employees' children. The November issue of Treetalk (FNB's newsletter) offer financial support to children of African, Indian, Coloured and Chinese employees earning less than R100,000 a year. This is a very well reported story indeed. I'm not in the way of getting involved
FNB rethinks ‘racial’ bursaries – hmmmm Read More »
Kevin commented on my Zuma appoints members of BBBEE Advisory Council post. It's too good to leave buried away under comments so I've reblogged it. I am thrilled by the composition of the Advisory Council – not one BEE consultant, not one verification agent and not one member of the team that drafted the Codes
Comment from Kevin Lester on Advisory Council Read More »
This is truly an hysterical article. I would normally Tweet on these things but it warranted a lot more than 140 characters. Ann Crotty reports that the Public Investment Corporation (PIC), which manages about R800 billion of funds on behalf of the Government Employees Fund, is in discussions with the Department of Public Works
PIC and Cyril – two from Business Report Read More »
Zuma's ANC letter beautifully precised by Moneyweb as "ANC president responds to the concerns raised by the BMF over Eskom and other SOE's". A few features/quotes One of the key focus areas of the ANC government is economic transformation. We emphasise that the creation of decent work will be at the centre of our economic
Jacob Zuma on plans for economic transformation Read More »
Would you believe it, unbeknownst to almost everyone I know, the Media, Advertising and Communication (MAC) Sector had been planning their own little charter which they have now gazetted under section 12. I haven't looked through it properly but its weightings and targets are substantially different to the codes. I revert back to Kevin
