Taken up by Namibian Prime Minister Saara Kuugongelwa-Amadhila. To quote the Namibian Kuugongelwa-Amadhila said Neeef has six pillars, which are of equal importance. Neeef is more than the 25% equity ownership. (There are) six pillars, and all those pillars are very important. The pillars are ownership, management control and employment equity, human resources and skills development, […]
This is a scenario that we come across all the time. I have a number of clients that fall into these broad categories They do a lot of business outside of South Africa and this impacts their turnover. One of these examples is merchanting - The Balance of Payments Manual, fifth edition (BPM5) defines merchanting
What if your company is really small but your turnover is ridiculously high? Read More »
The irony of Sarbanes-Oxley was that it was intended to prevent more Enrons and Worldcoms but it ended up being a gigantic tax on small companies. — @pmarcaThe IPO is dying. Marc Andreessen explains why. – Vox via fredwilson.vc Fred expands on this in a later post One thing I have seen over and over
Unintended consequences of over-legislating (we aren’t alone) Read More »
CNA Look and Listen Luminance Perhaps Khanyi is an Elton John fan Related articles Luminance issue won't blow out What is it about the Khanyi deal
Hyde Park Shopping Centre this morning (31 Jan 2014) Read More »
It's almost like there's a lull. Nothing controversial at the moment but I expect to post some illegal Eskom activity soon. Hence I am drawn to anti-ANC rants with a smattering of "what the fuck is the government doing now" content. Issues like the New Age and Nkandla and corruption and Zuma must be kept
There’s not much BEE stuff happening at the moment – and so I rant 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 »
From today's Business Day. Joffe is referring to the latest BEE book – "Jenny Cargill: Trick or Treat : rethinking black economic empowerment". Cargill points out that it cost the big four banks 2,5%-3% of their market capitalisation to transfer 10% of their equity to black shareholders. Which implies that giving the shareholders 3% free
HILARY JOFFE: Could SA’s BEE billions have been better spent? Read More »
Theo Garrun is probably one of the most influential people in the HR/employment world. For those of you who don't know him – he's the editor of (amongst other things) the Star Workplace. I have been very lucky to have him publish a few of my articles. This is the latest one – feel free
Star Workplace article Read More »
And I quote Chief operating officer of empowerment rating agency AQRate KZN Brigitte Brun said yesterday that the recession had a “helluva impact” on BEE deals. A lot of them that have been finalised have resulted in little real empowerment as black investors have been left with a huge debt burden. She said this
True empowerment is what exactly? Read More »
The so-called EMEX Trust has been around for a long time. They are accredited. But that is about all that they've got. They aren't known as the best at what they do. And this is why I got this email from Gert du Preez of the Emex Trust. Gert is the Marketing Manager of
More Emex bullshit Read More »
