Happy birthday BEE blog. I started this blog 13 years ago. I needed a web presence and had no html (I still don't) skills. I was very inspired, and remain inspired, by Fred Wilson. Fred is incredibly prolific, he posts something new every day, and he does it religiously. I had been reading his blog […]
A 13th birthday and some NEEEF news Read More »
This Workers Day, Geingob said, let all Namibians follow the example of workers and sacrifice for the benefit of all! He said as government, they will intensify efforts to finalise the Namibia Equitable Economic Empowerment Framework (NEEEF). “I call on all stakeholders involved to handle this as a matter of urgency. During my 2018 Sona, I
Geingob – Namibian government will intensify efforts to finalise the NEEEF Read More »
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,
We are just slowing down the (black) empowerment that we want to achieve, says the country’s mines minister. This is a difficult one. Clinging onto licenses for resources does give a government a lot of power and control but it also scares off investors. Diamond and uranium producer Namibia may scrap requirements for black ownership
Namibia may scrap black ownership requirements for miners Read More »
Last year I hosted a conference in Windhoek about the NEEEF. The overriding impression I got was that the government was willing to talk and listen to business. Something that our dear bolshie bob is not willing to do at all. The latest NEEEF developments are a reflection of this the controversial NEEEF clause that
NEEEF developments Read More »
A plan by Namibia, among the world’s most economically unequal nations, to better distribute wealth among its citizens may end up the way neighboring South Africa’s has — benefiting an elite minority. The nation is working on a law that will require all businesses to be at least a quarter owned by “racially disadvantaged people.”
What is it about Namibia and Namibians? They are so different to us. They just want to get on with their lives and business and are willing to talk to each other in a constructive way to do this. I was invited to present a paper at a NEEEF conference in Windhoek a few weeks'
New Equitable Economic Empowerment Framework (NEEEF) conference 28 June 2017 Read More »
Windhoek — The Namibian Government has decided to revisit the New Equitable Economic Empowerment Framework (NEEEF) and to legislate it. This, according to Prime Minister Saara Kuugongelwa-Amadhila, is because government has realised that voluntary corporate social responsibility measures are not as effective as they should be. "NEEEF consists of policies designed to restructure the private
Namibia: Government Revisits Neeef to Make It Law Read More »
The Namibian Financial Sector Charter was introduced by the Ministry of Finance in November 2008. The NFSC is a voluntarily adopted transformation charter, which constitutes a framework and establishes the principles upon which empowerment will be implemented in the financial services industry in Namibia. The objective of the charter is to facilitate the transformation of
Standard Bank compliance with Namibian Financial Sector Charter reaches 61 percent Read More »
The Namibian empowerment landscape has fascinated me for the last five years or so. My interest was piqued when Hartmut Ruppel called me from Windhoek and asked me to help with a BEE issue at a mine in Namibia. Since then I've read everything I could get my hands on about TESEF and NEEEF and
NEEEF conference in Windhoek – 26/27 September 2013 Read More »
