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Over-the-counter trade just might be the ideal method of trading shares held within an empowerment scheme, as suggested by MultiChoice and African Bank. Several corporates with BEE share initiatives, such as Naspers (JSE:NPN)’ MultiChoice and African Bank have opted for this method of trade, after taking administrative costs, scheme specifications and limited first time investor […]

The draft ICT charter calls for 30 percent black ownership. Department of Trade and Industry spokesman Sidwell Medupe expected the charter to be implemented by March. via www.iol.co.za Please no. This must be blocked

Haven't read it yet.  Here they are  via bbbee.typepad.com However most people in the industry want to see that codes. My first reading of the bill has some very worrisome aspects to it. It needs to be opposed

Government has named the "first wave" of products that will require a minimum level of local content in terms of the Preferential Procurement Policy Framework Act, which came into effect on Wednesday. The list of designated products include power pylons, rolling stock, buses, canned vegetables, clothing, textiles, footwear, leather products and set-top boxes and comes

Still on BEE, we have introduced a series of stories themed Comrades in Business. We aimed to hold accountable individuals who have benefited from BEE. The series was launched on the back of concerns that former political activists, who were supposedly deployed in the mainstream commercial sector as “comrades in business”, have betrayed the mission

Busa indicated South Africa spent only 0.6% of annual GDP on PPPs in the past 15 years, while other countries with superior economic growth such as India spent up to 1.1%. Busa believes the business community at large has already shown an interest in deepening PPP relations with government. "There is real interest from the

We were blinded by colour to one simple truth: empowerment is not about owning things. It’s about doing things. Empowerment is about making a meaningful contribution to others because that is where our true value lies. The extension of ownership to staff suffers from the same defect. It’s what I previously called the “worker capitalist

“Ownership should not be seen as the most important pillar [of the New Equitable Economic Empowerment Framework, or NEEEF],” he said at the first convention of the Institute of People Management (IPM).“Our primary wish is that the policy [NEEEF] grows the middle class, create more black entrepreneurship through procurement/mentorship, and elevate a critical mass of

According to the National Treasury, the government spends 10.9% of its total budget on social grants, which support about 15.2 million South Africans. The Treasury estimates that spending on social protection will rise from R160bn in 2012 to R182bn by 2014. via www.news24.com This 10.9% figure has gone up from about 3% seven years ago.

According to the National Treasury, the government spends 10.9% of its total budget on social grants, which support about 15.2 million South Africans. The Treasury estimates that spending on social protection will rise from R160bn in 2012 to R182bn by 2014. via www.news24.com This 10.9% figure has gone up from about 3% seven years ago.