There is a hard and fast rule that must be adhered to when applying for a Electronic communications network services (ECNS) license through ICASA, and that is that 30% of the shareholding must be held by Historically Disadvantaged Groups (HDG). The simplest definition of HDG is black. Back is broadly defined as an African, Coloured […]
Further to my post last night, I found an article (written by Duncan McLeod) that goes into a little more detail on the machinations of the equity project. The R472m will be spent in roughly equal portions of nearly R70m/year over the seven-year investment period. MS plans to spend the R472m helping between five and
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This is a big deal and a fantastic one at that. Microsoft SA has announced their R472m equity equivalent project. The project will see Microsoft spending R472 million into helping small, black-owned software development companies grow into global companies by 2017. Participants will be chosen from responses to a nationwide request for proposal, slated for
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Two new projects were announced last week. Liebherr Africa (Pty) Ltd, a Swiss multinational operating in the manufacturing industry, will partner with Ikhaya Fundisa Techniskills Academy (Pty) Ltd (IFTA) to form the Liebherr Training Academy which will train 75 students per annum over a six year period, where the students will then be placed in
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I was thinking that when my Dell finally packs it in I would get a HP. They have been praised from the rooftops for dong this. Even old jungle jim has offered his two cents in today’s Business Day (I know I said I wouldn’t talk about him anymore but he is all over the
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The floodgates have opened. HP are the voortrekkers of equity equivalents ek se. The front page of this morning’s Business Day announced the news boldly – HP gets BEE equity exemption. Its equivalent plan is to set up the HP Business Institute. The institute, to be launched in November, is expected to train about
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I had heard nothing about multinationals applying for equity equivalents. But the Business Day tells us that numerous companies have submitted proposals to the DTI. “A lot of them have come with proposals to us on equity equivalents. These include Hewlett Packard, IBM, pharmaceutical companies, and the German Chamber of Commerce and Industry on behalf
Two recent articles in different publications discuss the sale of a company’s assets and the implication this will have on the seller’s BEE status. There are different rationales behind each transaction. The first one was in Business Report on 16 October, 2006. Caxton may hive off non-core assets in BEE move. "Caxton is considering hiving
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