Trade and Industry Minister Rob Davies on Friday somewhat backed down, announcing a task team to spend 30 days reconsidering. It is clear what decisions they should arrive at. via www.bdlive.co.za Rob didn't back down. He's made up his mind. The task team is a farce, it's not going to check that data. Just look […]
ANC transgresses key policy beliefs – Rob is a pawn because he’s a nasty commie Read More »
The only consolation is that Mr Davies’ intervention may not even be legal, with some commenting that it has ultra vires written all over it. Expect high-profile court action if the matter is not resolved soon. The ownership definition in the Mining Charter is already on its way to court for a declaratory order. The
BEE code change inept and cynical. Rob as usual Read More »
Chief director of the Department of Trade and Industry Takalani Tambani said the idea behind the change was to ensure that ownership by black individuals was given greater priority by the business community. "The message is government views the ownership as important to transform the economy. For us to effectively do that, we want to
BEE code change shocks industry Read More »
Party control of all centres of power to reverse the effects of colonialism as epitomised by Rhodes is one of the overriding policy objectives of the ANC and the South African Communist Party. But if Rhodes symbolises colonialism, Eskom symbolises transformation. via www.rdm.co.za
More than a few business leaders quietly report that they will simply walk away from the new BEE regulations. Some of them indicate that, if they are compelled to do so, they will take instructions directly from the Constitution. But the government now consumes 32% of national income each year. As such, too many businesses
Cape Town – Regional and not just national demographics should be taken into account for employment equity targets. ADVERTISEMENT That was the ruling on Friday by the Labour Appeal Court, in a decision which trade union Solidarity has described as a major setback for the government’s stance on the issue. via www.iol.co.za The Labour Appeal
THE Department of Trade and Industry will provide grants and cheap loans to the tune of R1bn as part of the government’s plan to create large and competitive black industrialists. The funding was expected to attract an estimated R10bn to R20bn from other funders, such as the Industrial Development Corporation; the National Empowerment Fund; the
State set to provide R1bn to create black industrialists – don’t hold your breath Read More »
THE government’s black economic empowerment policy has contributed to the country’s deindustrialisation as it has fostered the creation of middlemen in the supply chain, says former African National Congress MP Professor Ben Turok. Prof Turok, who is also the director for the Institute for African Alternatives (IFAA), said the policy incentivised mining companies to source
Government’s BEE policy creates middlemen Read More »
This appeared to indicate that the two-farm rule either looks set to be done away with, or that it would apply only if the two farms together make up 12 000 hectares. Officials from his department could not provide clarity on the matter after the briefing on Tuesday. via www.fin24.com Or do existing local farmers
Foreigners with farms over 12 000ha must sell Read More »
Police and Prisons Civil Rights Union Western Cape (Popcru) provincial secretary Mncedisi Mbolekwa said applying possible migrations meant our becoming more integrated. “More coloured people are needed in Gauteng and the Eastern Cape, for example. We must get them to go there. We fought for society to be integrated,” Mbolekwa said. via www.iol.co.za Not an
