Developing countries must do more to create transparent, accountable business conditions if they are to raise the capital needed to finance critical infrastructure. This was a key theme underscored at PPP Days 2012, the premier global meeting for senior policy makers on Public Private Partnerships (PPPs). "PPPs are facing new and greater challenges due to […]
Besides power pylons, the ‘first wave’ of designated products also included rolling stock, buses, canned vegetables, clothing, textiles, footwear and leather products and set-top boxes. via www.engineeringnews.co.za This is in terms of section 9 in the 2011 PPPFA Regulations. Now you know
Designated sectors in terms of the PPPFA regulations Read More »
The codes are being amended by the Department of Trade and Industry, which has worked closely with the presidential BEE advisory council. A document containing the proposed amendments was recently presented to the cabinet. Among the proposals is that rules relating to ownership be tightened. Analysts say this tightening may kill many bad deals. “There
The new codes exist – according to the New Age Read More »
I am pleased to report that progress is being made on several financial sector reforms. • There is now agreement between stakeholders on enhanced targets for empowerment financing and access to financial services. A revised financial sector charter code will be gazetted shortly for public comment by the Minister of Trade and Industry. via www.timeslive.co.za
Pravin and the FSC Read More »
TRANSFORMATION The growth and development of the mining industry cannot be delinked from addressing historical inequalities and imbalances in our society. In the mining industry, we have come a long way on issues of transformation. This year we are celebrating the tenth anniversary of the promulgation of the Mineral and Petroleum Resources Development Act (MPRDA).
Susan Shabangu, the mining charter and the BEE Act Read More »
The supporters of nationalisation will never be satisfied by an academic study. Explicitly rejecting nationalisation unwittingly fosters it by allowing its popular appeal to grow. Now it is out, the study demonstrates how fungible the findings are. This is not an issue of logic and academic analysis. It’s a matter of raw emotion via www.businessday.co.za
TIM COHEN: Mining study was a poor tactic that may backfire Read More »
Another of the proposed changes would entail the revision of existing BEE codes to place more emphasis on support for black entrepreneurs through enterprise development and procurement. This is an attempt to correct an overemphasis on the equity transfer component of the original legislation, which resulted in the enrichment of a handful of high-profile, politically
New codes may open new holes Read More »
Comments on the B-BBEE Amendment Bill can be sent to the following persons: Lindiwe Madonsela LCMadonsela@thedti.gov.za or Xolisile Zondo XZondo@thedti.gov.za Issued: The Department of Trade and IndustrySidwell Medupe (Departmental Spokesperson)Tel: (012) 394 1650 (012) 394 1650 Mobile: 079 492 1774E-mail: MSMedupe@thedti.gov.za Government Gazette 34845, Notice 893 of 2011 via www.thedti.gov.za The gazetted bill has
Commenting on the BEE bill by email Read More »
All in all the revisions to the Act are a welcome strengthing to the process of implementing B-BBEE in the country, and I believe if quickly implemented can only improve the current state of affairs. via www.transcend.co.za Bullshit Robin. These regulations are designed to over-regulate an industry that copes very well on its own. They
Trade and Industry Minister Dr Rob Davies last night moved to stamp out confusion after various media organisations quoted a BEE analyst as saying the Broad-based Black Economic Empowerment (B-BBEE) Amendment Bill, proposed that points no longer be awarded for white women and white disabled people for their companies’ BEE scorecard rating. He reportedly said
Andile Tlhoaele could not be reached for comment (should never be reached for comment) Read More »
