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Businesses that fail to achieve a minimum score on the Black Economic Empowerment (BEE) scorecard for ownership, procurement and enterprise development will be penalised by having their BEE level status dropped, the Minister of Trade and Industry Rob Davies said on Friday. Davies, briefing media after his Budget Vote in Parliament, said his department was […]

As this is a work of art, there is no chance that any half decent judge would grant the orders requested by the ANC, first, because there is no law that prohibits an artist from making such a portrait and second, because if there were such a law it would be unconstitutional. That is why

The Dti is in the process of refining the BBBEE Codes of Good Practice and have made the following ruling regarding the 6 – 10 year BEE Targets on Preferential Procurement and Empolyment Equity… "the dti is in the process of refining the Codes of Good Practice on B-BBEE and therefore the 0-5 year targets

The solution seems rather simple. Let’s be led politically by politicians: leaders with few private interests and a wish to serve the common good. They won’t make much money – exactly like elsewhere in the world – but if they’re good, they will get into history books and we’ll make bronze statues of them. Let

The ANC is in a bigger mess than it has ever been (and, boy, you should have seen it in exile!) and the country cannot escape forever. Friends of the president tell me he genuinely doesn’t know Lt-Gen Richard Mdluli and doesn’t know how he had those murder, corruption and fraud charges dropped to become

He said the period for public comment for the Financial Sector Charter had closed and that it was almost ready for publication in the Government Gazette. via www.businesslive.co.za The "he" here is Rob Davies – our esteemed minister of tirade and ingeniousness.

Windhoek — New black economic empowerment charters for electricity, petroleum and the mining sectors are to be introduced soon. The charters would govern or guide companies doing business in the three sectors on the issue of sharing production benefits with previously disadvantaged Namibians. The Minister of Mines and Energy, Isak Katali said the charters would

“I have reviewed the resolutions of the last DOD Industry days and can confirm that we are working towards the creation of a BEE Directorate and the appointment of the incumbent who will ensure that when we meet like this in 2013 we have a Defence Industry BBBEE Charter for submission to the DTI for

My question would be: which sections of the Constitution exactly are those that hinder transformation? In my view there are no such sections to be found in our Constitution. Those who argue that it might be time to amend the Constitution to effect social and economic transformation need to say which sections they find objectionable.

Davies seems to assume that increasing the BEE burden on business will somehow make for more — and more successful — black entrepreneurs. Before the bill is enacted into law, he should remember the words of a French entrepreneur, who recently said (of the regulatory burden in his country): "You can’t play football with a