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Renewed panic has gripped Zimbabwe's mining sector after the government last week gazetted new stringent regulations compelling foreign-owned firms to surrender a 51% shareholding to indigenous Zimbabweans. via www.timeslive.co.za Subtlety be damned. How obvious can you get. Take a look at this Under new regulations, all foreign-owned mining companies with a net asset value of […]

But for BEE consultant and economic analyst Duma Gqubule, the BEE Advisory Council has run out of ideas and could find people getting impatient with it. “We are not saying fronting is not an issue, but the council cannot still talk about it now. For a year after it was established it had zero impact

This could lead to new provisions in the revised charter, especially with regard to ownership, affirmative action, skills development as well as housing, according to portfolio committee chairperson Fred Gona. via www.miningmx.com He said the committee was also considering to have the charter declared part of the Mineral and Petroleum Resources Development Act (MPRDA), in

In a way, the department’s requirement that Massmart specify its local procurement levels is bizarre. It is the government, for goodness sake, and importation levels are part of its function. It taxes on the basis of imports; it should be telling us what these levels are, not asking retailers to tell them, and if it

Davies, who briefed the National Assembly's portfolio committee on trade and industry, outlined several achievements of the plan but hastened to add that a lot of work still had to be done in the role out of IPAP. The initiative was launched last year. He said lots of work had so far been spent setting

2.7. Cabinet noted the recommendations of the Black Economic Empowerment (BEE) Advisory Council to improve the state of BBBEE performance in the economy and to address some challenges in the implementation of the policy. The recommendations by the council will be discussed further by the cluster. via www.buanews.gov.za I would love to know what they

“Institutions that have done things a certain way need to change… up to now they have been dictating things for themselves… We need to take control.” For this reason, Nafcoc planned to establish its own black empowered bank. “Nafcoc has taken a resolution that the dreams of its founding fathers to establish its own black

The minimum black ownership target of the financial sector charter should be set at 25.1% or more and the requirement for banks to have a shareholder of last resort should not hold this target hostage, said a veteran BEE analyst Ajay Lalu. via www.thenewage.co.za I can't say that this is really "opposition". We know the

Manyi — who has yet to respond satisfactorily to claims by one of the Scandinavian governments that when he was director- general of labour he tried to moonlight for his own pocket by soliciting business from said Scandinavians — is what I have called in the past a "professional black". He is among those for