21 Septemebr 2023 – NYDA partners with GEP to launch R60m youth enterprise fund in Gauteng
Young entrepreneurs can access up to R1 million through a diversified pool fund that offers a blend of loans and grants.
18 Septemebr 2023 – As we commemorate our heritage, we remember Biko and Mayosi: Doctors of Hearts who gave the world a human face
In September we remember the life of Steve Biko and celebrate our heritage. One can’t avoid the urge to recall Professor Bongani Mayosi (January 28, 1967 – July 27, 2018) in the black excellence lineage of revolutionaries like Biko, who embodied what they stood for, adopting excellence as their form of protest.
07 Septemebr 2023 – Women in tourism celebrated
Kouga Municipality participated in, and supported, the Women in Tourism event held on August 29, at the Rainbow Skills Development Centre in Humansdorp. The event, hosted by St Francis Tourism, gathered a diverse and enthusiastic group of women from the tourism industry to celebrate and empower women’s roles in shaping the future of the industry
07 Septemebr 2023 – South Africa: Member of Executive Council (MEC) Mireille Wenger on critical skills shortages to boost business and job creation
The Department of Higher Education and Training’s (DHET) Labour Market Intelligence unit has recently released a survey to identify occupations in high demand, occupational shortages, and skills gaps in South Africa, and at a provincial level.
06 Septemebr 2023 – Huawei, DCDT Partner To Drive Broadband Deployment, SMME Skills Development
Huawei South Africa and the Department of Communication and Digital Technologies (DCDT) have officially launched partnership programmes aimed at enhancing broadband deployment as a foundation for a digital economy and providing digital skills training for SMMEs.
05 Septemebr 2023 – Smart centre to advance digital skills in KZN community
The Chemical Industries Education and Training Authority (CHIETA) has unveiled a smart skills centre inBabanango, a small town in KwaZulu-Natal (KZN). In a statement, CHIETA says the centre is the third and “largest” it has opened in the country.
05 Septemebr 2023 – Just say YES: Job creation incentive should be greater than the national minimum wage
YES has been a success and has proven that innovative legislation and coordination between the public and private sectors can create jobs. We just need to ensure that we create jobs the economy needs.
02 Septemebr 2023 – Absa launches landmark employee ownership plan
Absa has launched a landmark employee stock ownership plan that is sparking celebration from its employees across the continent.
02 Septemebr 2023 – Labour minister clarifies amended Employment Equity Act
Minister Thulas Nxesi has fired back at the DA and says they have embarked ‘on propaganda to mislead people’.
02 Septemebr 2023 – Nomasonto Motaung addresses MAC Charter B-BBEE Council Women’s Day
“Our government focuses its attention on the rights of women and to assess how far we have come as a nation on the journey towards women empowerment and gender equality,” said Deputy Minister in the Presidency, Nomasonto Motaung.
30 August 2023 – Employers advised to use current equity legislation – DoL
Although President Cyril Ramaphosa on 6 April 2023 signed the amended Employment Equity Act (EEA) into law, it is not yet effective – hence employers will be expected to report on their 2023 obligations using the current legislation, Department of Employment and Labour Director of Employment Equity advised employers.
29 August 2023 – MAC Charter Council celebrate women in the sector, 1 Sep
MAC Charter Council celebrate women in the sector The Marketing, Advertising and Communication (MAC) Charter Council will host a Women’s Day event, an inspiring and empowering gathering dedicated to celebrating the achievements and contributions of women in the MAC Sector. The event is set to take place on 01 September 2023 at Inanda Polo Club in Sandton, Johannesburg under the theme, “Driving transformation and empowerment: Advancing women in the MAC sector”.
23 August 2023 – Government giving businesses a ‘weapon’ to defend against new BEE laws
The Department of Employment and Labour (DEL) says that it is giving businesses in South Africa a “weapon” to defend themselves against new employment equity laws which aim to speed up transformation in every major sector in the country. Speaking at the latest national workshop on the new laws, the department conceded that it was putting pressure on businesses with the new laws but at the same time, was giving them an ‘out’.
15 August 2023 – Sanlam forced to bail out failed R8bn BEE deal
Insurer Sanlam has had to begin unwinding its failed R8 billion broad-based black economic empowerment (B-BBEE) transaction implemented in March 2019. The deal, which saw a 5% stake in the financial services group effectively issued to five new beneficiary trusts and existing empowerment partner Ubuntu-Botho, has been under water since early 2020, when the effects of the Covid-19 pandemic rattled through markets.
11 August 2023 – Businesswoman and media mogul in the making serious about women empowerment
It’s all systems go for the long-awaited EmpowerHer Luncheon intended to share empowering insights as the country commemorates Women’s Month.
11 August 2023 – Slight reduction in the jobless rate expected in the second quarter
South Africa’s jobless rate is expected to have seen a marginal drop when the outcomes of the second quarter, Quarterly Labour Force Survey are released on Tuesday. This comes on the back of the marginal economic growth expected this year that has continued to impede job creation, with the official unemployment rate currently standing at 32.9%. The expanded unemployment rate which includes people who’ve given up looking for work was 42.4% in the first quarter.
11 August 2023 – #Youth4Tourism calls on corporate SA to transform the tourism industry
This game-changing initiative will harness the talent of the country’s young people to drive economic growth through digital content creation
10 August 2023 – Premier Dube-Ncube promises more jobs for women in the province
Durban — KZN Premier Nomusa Dube-Ncube said the government has implemented policies aimed at investing in women’s economic empowerment. Dube-Ncube was speaking at the Women’s Day event at the Princess Magogo Stadium in KwaMashu on Wednesday.
07 August 2023 – Uber Eats invests R200m to empower youth in township economy
Uber signs on the doors of township restaurants and their menus on the e-commerce platform, with young people interested in establishing last-mile delivery businesses in partnership with Uber – Mathopane Masha from the Gauteng Department of Economic Development tells us more
07 August 2023 – PPC in R380m empowerment deal
JSE-listed cement group PPC has established a new employee trust that has purchased 10% of the company’s share capital and will benefit the group’s subsidiaries operating in South Africa.
30 July 2023 – BEE compliance in ICT, MAC sectors improves
The council focusing on information and communication technology (ICT) empowerment has entered into partnerships it hopes will improve transformation compliance and ensure sustainable initiatives. The sector, whose targets are onerous compared with other industries, improved its BEE scorecard this year, but still lacks in areas, especially socioeconomic development.
26 July 2023 – Heineken SA employees bag empowerment stake
Heineken Beverages South Africa on Wednesday confirmed that its almost 5 000 employees will jointly own a stake in the company through an employee share ownership plan called Bokamoso. The empowerment scheme, which was one of the conditions of ownership imposed on the Dutch brewer by local competition authorities, will see Heineken South Africa employees holding a 6% share in the company.
26 July 2023 – Municipal BEE compliance could lead to better service delivery
Councils can use elements of the scorecard to develop the skills they need and support local businesses. Many businesses that service local municipalities are probably aware of a black economic empowerment (BEE) requirement to do business with that municipality. Typically this means the submission of a BEE scorecard or affidavit along with the bid. Unfortunately, this aspect of BEE is often the only thing that the municipality itself is aware of.
24 July 2023 – Employment Equity Amendment Act ‘not this big monster the DA is making it to be’
The Employment Equity Amendment Act aimed at increasing the employment of black people in South Africa has enraged businesses and liberals who say the legislation could see qualified workers lose their jobs.
21 July 2023 – BRICS youth urged to grab opportunities with both hands
Durban — The BRICS forum presents the youth of South Africa with an abundance of opportunities, and an immense world of skills to empower and develop them as global economic players.
20 July 2023 – South Africa’s laws about inclusivity, Employment Equity workshop told
Department of Employment and Labour’s Deputy Director: Employment Equity, Niresh Singh, has told an Employment Equity workshop that South Africa’s laws are about inclusivity.
19 July 2023 – Sanlam at the forefront of deliberate transformation
The third Sanlam Transformation Gauge, a research report that takes a holistic measurement of economic transformation in SA, has scored SA Inc as a low level three. The result is based on the average score of the 14,542 companies involved.
11 July 2023 – SAB, Isanti Glass celebrate transformation, empowerment strides
SAB corporate affairs VP Zoleka Lisa; Isanti Glass chairperson Shakes Mtiwaza; Trade, Industry, and Competition Deputy Minister Fikile Majola; Gauteng Premier Panyaza Lesufi; Kwande Capital non-executive director Deon Dhlomo; and SAB CEO Richard Rivett-Carnac celebrate the partnership between SAB and Isanti Glass
05 July 2023 – What does Solidarity employment equity agreement with government change?
The Solidarity employment equity agreement with government changes only one principle: that government cannot impose any penalties or disadvantages on employers who can show they have reasonable grounds for not complying with legislation.
05 July 2023 – Report reveals urgent need to invest in tech skills development and training to ensure Africa capitalises on youth
Research has revealed that a lack of tech skills is having a negative effect on the continent’s digital transformation efforts. The most in-demand skills include cybersecurity and data analytics, developer and industry skills, and digital transformation skills.
03 July 2023 – Ewseta and Chieta partner in R10m green hydrogen bursary fund
Energy and Water Sector Education and Training Authority (Ewseta) and the Chemical Industries Education and Training Authority (Chieta) have partnered in a R10m, two-year Green Hydrogen Bursary Fund aimed at providing women and youth with the skills and opportunities needed to excel in the hydrogen economy.
01 July 2023 – SA must do more to empower women in business – Mashatile
Deputy President Paul Mashatile delivered the keynote address to the annual Black Business Council dinner on Friday, highlighting the success of black economic empowerment (BEE) initiatives but lamenting the ongoing lower participation of women in the economy. Women’s economic empowerment was central to the global development agenda and critical for gender equality. Mashatile said
30 June 2023 – Settlement agreement offers some relief to business struggling with EE compliance
The settlement agreement signed on Wednesday 28 June 2023 between Solidarity and Government in the International Labour Organisation conciliation process, facilitated by the CCMA, will no doubt be welcomed by many businesses in South Africa who have, over the past years, been grappling with the fact that Employment Equity legislation has, to a large extent, put significant emphasis on “race” in recruitment, promotion and restructuring processes.
22 June 2023 – Growthpoint proposes R250m transaction to boost social compact
Growthpoint Properties has asked its shareholders to back a R250 million broad-based black economic empowerment (B-BBEE) ownership scheme that will aim to fund the corporate social investment (CSI) initiatives that Growthpoint supports.
26 June 2023 – Latest employment equity report reveals ‘disheartening’ stats
I think as a country, we haven’t had a serious discussion and debate around how we feel honestly about transformation and confronted our own stereotypes and our own fears around this particular matter,’ says chairperson for the Commission for Employment Equity, Tabea Kabinde.
23 June 2023 – Prescient in deal to boost black ownership
Financial management and investment company Prescient has entered into a BEE deal that will boost the company’s black ownership to 69%. It announced on Thursday that it is increasing the interests of both its staff and its strategic BEE partner Sithega. The deal, the value of which has not been disclosed, will see Stellar Capital Partners sell its stake in Prescient.
23 June 2023 – Labour market transformation ticks over latest CEE report finds, new EE regulations addressed
The Commission for Employment Equity (CEE) on June 23 confirmed in its latest Employment Equity (EE) report that not much transformation has taken place in the labour market in recent years, despite many employers having committed to self-regulate on the matter.
19 June 2023 – Barloworld recognised for its commitment to transformation, women empowerment and the provision of innovative finance
Barloworld, a leading industrial processing, distribution, and services business, marked a significant milestone on its remarkable gender-equality journey, when it took home the ESG Bond Deal of the Year Award for its gender-linked bond – a first on the African continent, at the 2023 Bonds, Loans and ESG Capital Markets Africa Awards
19 June 2023 – Gauteng Social Development launches Trade Test Centre
The Gauteng MEC for Social Development, Agriculture, Rural Development and Environment, Mbali Hlophe, launched the state-of-the-art Trade Test Centre in Bapsfontein on June 8 as part of the department’s mission to improve the lives of the youth.
15 June 2023 – Yershen Pillay | Rural youth need access to digital technology and skills training
The combined impact of digital technology trends, such as the Internet of things, big data, robotics, and AI, is changing the way in which people, economies, and societies operate. Now, more than ever, the ability of countries, organisations, and individuals to participate in the growing digital revolution relies on the acquisition and deployment of digital skills
05 June 2023 – Absa’s shareholders approve R10bn empowerment deal
The shareholders of Absa – one of South Africa’s big six banks – have approved a R10-billion empowerment deal that will see 7% of its shares distributed to black employees and Corporate Social Investment (CSI) participants.
04 June 2023 – New EE targets cannot be used to fire or retrench staff, says leading law firm
Leading law firm Werksmans has poured cold water on the Democratic Alliance’s assertion that the recently promulgated transformation target amendments of the Employment Equity Act will cause hundreds of thousands of job losses
01 June 2023 – The rise and rise of the township economy
With half of South Africa’s population living in the estimated 532 townships around the country, vast potential lies in the so-called ‘township economy’. According to Roger Wilco’s 2022 Township CX Report, the vibrant, culture-rich township economy representing hundreds of billions of rands in spending power is largely untapped and misunderstood.
29 May 2023 – The merSETA Embarks on a vigorous journey of skills development
The Manufacturing, Engineering and Related Services SETA (merSETA) has launched a vigorous journey of skills development throughout the country, in particular focusing on training more than 7 000 learners in solar photo-voltaic skills. This comes as the country faces a huge demand for solar alternatives in the face of the severe energy crisis affecting both production and households.
10 May 2023 – Huawei supports Digital Council Africa’s skills development for SA women in fibre optic technology
Huawei South Africa has lent its support to a pioneering fibre optic technologies skills training programme targeting young women from three Johannesburg townships. The cohort of 19 selected participants, who all have a background in maths and science, spent a day at Huawei’s flagship Customer Solutions Innovation Centre in Woodmead, Johannesburg.
09 May 2023 – New BEE and transformation targets for businesses in South Africa are ready
The Department of Employment and Labour says the new employment equity targets for businesses in South Africa are ready – but it is waiting for court challenges to the new laws to wrap up before it publishes them.
09 May 2023 – Transformation requires bold, intentional action
For any transformation strategy to really work it must be rooted in a passion for one’s sector and a commitment to strengthening equality and the growth of local businesses. If a business still views this as an exercise in ticking boxes, it won’t work: bold steps must be taken
20 April 2023 – With new B-BBEE laws gazetted by the president, what now for the SA media industry?
President Cyril Ramaphosa recently signed the Employment Equity Bill into law, which empowers the government to set specific equity targets and regulate sector-specific employment equity (EE) targets. This increased transparency and accountability will require South African companies including those in the media and advertising sector to be more diligent in their compliance efforts, which may result in a higher degree of scrutiny from regulators and the public
17 April 2023 – State earmarks R800-million for digital skills development
The National Skills Fund is expected to launch a training package in digital skills for unemployed youth in South Africa, President Cyril Ramaphosa said in his weekly newsletter. The move is aimed at ensuring South Africans are able to use their skills to take advantage of employment and economic opportunities.
14 April 2023 – COSATU welcomes President Ramaphosa’s signing of the Employment Equity Amendment Bill into law
The Congress of South African Trade Unions welcomes President Ramaphosa’s signing of the Employment Equity Amendment Act into law.
12 April 2023 – Ramaphosa signs major new BEE and transformation rules for South Africa into law
President Cyril Ramaphosa has signed the Employment Equity Bill into law. Presidential spokesperson Vincent Magwenya noted the signing of the bill during a briefing on Wednesday (12 April). The Employment Equity Amendment Bill, 2020 was passed by Parliament (National Assembly and National Council of Provinces) on 17 May 2022.
04 April 2023 – Seifsa concerned about artisan levels in South Africa
Industry organisation the Steel and Engineering Industries Federation of Southern Africa (Seifsa) human capital and skill development executive Zizile Lushaba emphasises that a functioning economy must have a sufficient number of artisans if it is to fulfil its economic potential.
04 April 2023 – 14 KZN SMEs generate over R163m, create 150 jobs
Two leading property companies, Fortress Real Estate Investments and Growthpoint Properties, have celebrated the graduation of 14 small and growing businesses in KwaZulu-Natal through the enterprise development programme, Property Point.
31 March 2023 – Absa group seals R11.2bn BEE deal to increase black ownership
Absa Group has finalised a R11.2 billion BEE transaction to increase black ownership to over 25% and benefit communities and staff, the lender said yesterday.
31 March 2023 – These car brands have rallied to accelerate literacy in South Africa
While they are fierce competitors on the road, Mercedes-Benz, Renault, and Ford joined forces for the annual Rally to Read initiative, which took place in recent weeks. Each automaker contributed generously towards this popular cause through donations, vehicle partnerships, or establishing modern and vibrant libraries.
12 March 2023 – Takealot launches Business Accelerator Programme
Online retailer, takealot.com has opened applications for its first-ever Takealot Marketplace Business Accelerator Programme, a hands-on initiative aimed at building an inclusive digital economy.
12 March 2023 – Sanitation company goes to court to fight fronting allegations
The owner of a leading sanitation company who stands accused of fronting so he could score government tenders is trying to clear his name in court after an adverse finding against him by the Broad-Based BEE Commission.
09 March 2023 – Competition Tribunal gives conditional nod to R40bn Distell and Heineken tie-up
SA’s highest competition authority has finally approved Dutch brewer Heineken’s R40 billion tie-up with JSE-listed liquor group Distell nearly a year and a half after the deal was first officially announced.
08 March 2023 – Lack of transformation ‘needs urgent action at car dealerships’
The pace of transformation within vehicle dealerships remains woefully slow, and urgent action is needed if the automotive industry is to achieve true transformation, warns Mpho Dipela, chair and shareholder of the Legacy Motor Group (LMG).
28 February 2023 – Learnerships can be a business hack for companies in South Africa – if they do it right
Despite being Africa’s most industrialised nation, South Africa has one of the highest unemployment rates in the world and is currently struggling with low GDP growth in the thick of global market uncertainty. Economic recovery and growth are desperately needed, but this requires job creation and skills development to meet our country’s current and future needs.
28 February 2023 – Lesedi La Sechaba is first woman-owned level one B-BBEE Atlassian solution partner
Lesedi La Sechaba, a proudly South African female-owned level one broad-based black economic empowerment (B-BBEE) consultancy, has been accredited as a solution partner with Atlassian in southern Africa.
23 February 2023 – VWSA jumpstarts new supplier through B-BBEE Initiatives Trust
Through the ongoing support of Volkswagen’s Broad-based Black Economic Empowerment (B-BBEE) Initiatives Trust, a former employee of Volkswagen Group South Africa (VWSA) has been able to realise his dream of becoming a business owner – and a supplier to his former employer.
22 February 2023 – A compulsory 100% black women score on the B-BBEE scorecard is the panacea to women empowerment challenges
Achieving sustainable development goals of promoting gender equality in all facets of life, decent work for men and women, and reducing inequality is a challenge that has mainly affected women across the globe. Many policies and programmes have been implemented to empower women, strengthen their societal position, and contribute to economic development. In South Africa, the post-apartheid period overlooked gender issues in the mammoth task of eradicating racism and sexist laws.
21 February 2023 – Upskilling – a win-win solution
THE matric pass rate says a lot about the health of South Africa’s education system. As an indication of the learners who successfully pass Grade 12, it offers insight into whether primary and secondary institutions are serving the needs of their learners, and provides an indication of the number of new graduates who may apply for tertiary studies or enter the job market. This figure doesn’t tell the full story, however
09 February 2023 – Agriculture Sector Code is a step in the right direction, says law firm
Cliffe Dekker Hofmeyr (CDH) yesterday said the Agriculture Sector Codes was still fairly new, but was a step in the right direction. CDH held a webinar yesterday, which focused on the B-BBEE regulatory environment applicable in South Africa in the agriculture and fishing sectors.
07 February 2023 – Women who are changing the fields of STEM – one project, degree, invention and step at a time
Universities only admitted women in the early 1800 towards an engineering degree. In 1876, Elizabeth Bragg became the first female recipient of an engineering degree in civil engineering from the University of Berkeley, paving the way for thousands of women of the 19th century who followed her lead. Also remember, it was a woman, Ada Lovelace, who collaborated with Charles Babbage to design the first computer program in the world.
06 February 2023 – B-BBEE commission says that progress in improving things is slow
The research study assessed the abilities of entities to implement the funds allocated for ESD, as required by B-BBEE Codes of Good Practice which set the targeted ESD spend of 3% Net Profit After Tax for ESD.
01 February 2023 – Advancing gender equity: the impact of the 2018 Mining Charter and taxation
The 2018 Mining Charter aims to address the inequalities, systematic marginalisation, and economic exclusion of historically disadvantaged persons (“HDPs”) in South Africa’s mining sector. The Minerals Council of South Africa has previously reported that generally, companies with more than 30% women on their boards have a net profit that is over 6% higher than other companies, which demonstrates the benefits of diversity in the workplace.
30 January 2023 – SA women-leaders in Engineering, Infrastructure and Innovation gather in Somerset West
“New on the block” South African, 100% women-owned company, Pinpoint Stewards, is making it their mission to highlight new and upcoming talent within South Africa’s borders – with the help of media partner Engineering News and industry association WiMSA.
20 January 2023 – EOH issues final rights offer to BEE partner Lebashe
JSE-listed technology services group EOH has issued final terms of its rights offer and its specific issue of shares to its strategic investment partner Lebashe Investment Group.
19 January 2023 – Heineken’s acquisition of SA-owned Distell will result in a new brewery in KZN, malt operation in the Western Cape
Dutch multinational brewer Heineken’s takeover of South Africa’s alcohol drinks group Distell will result in the merged company investing R5.5 billion into the local economy, the Competition Tribunal heard yesterday.
19 January 2023 – Do you know how many people in SA have a matric? Here’s how companies can change this major problem in SA
In 2020, the Department of Higher Education and Training calculated that less than a third of South African adults, some 32.5%, had a matric certificate or its equivalent.
11 January 2023 – Addressing industry skills shortages in the mining sector by engaging in the new QCTO framework
In its global risk barometer for 2022, international financial services provider Allianz surveyed 2 ,650 risk experts in 89 countries on the biggest perils facing industries in the coming year. Notably, skills shortages were identified as the eighth biggest risk in South Africa currently.
07 January 2023 – ANC’s 55th National Conference adopts resolutions to revive SA’s economy
The African National Congress’s 55th National Conference has adopted a number of resolutions geared at reviving and transforming the country’s economy. The party’s Commission on Economic Transformation resolved that social grants and welfare payments should be protected from inflationary pressures, and expanded to provide for basic incomes as government’s budget allows.
07 January 2023 – Black-Owned Tourism Enterprises Urged to Apply for Tourism Transformation Fund
South Africa’s Department of Tourism is calling on all black-owned tourism enterprises to apply for the Tourism Transformation Fund (TTF).
10 December 2022 – Absa beefs up transformation with appointment of three executives
Absa Bank has further beefed up its transformation scorecard by appointing two more black executives within its executive ranks. Jeanett Modise has been named new group chief people officer and Sydney Mbhele the new chief brand, marketing and corporate affairs officer.
08 December 2022 –Alex job seekers to walk to Union Buildings to protest for jobs
A group of 150 jobless people from Alexandra who are members of the Imisebenzi Yethu organisation will undertake a 12-hour walk to the Union Buildings to demand the creation of jobs for the unemployed.
29 November 2022 –Delta Drone : Rocketmine becomes the first operator of civilian drones in South Africa to obtain Level 1 B-BBEE
Rocketmine, a South-African subsidiary of Delta Drone, recently announced in a press release dated 9 January 2019 that it obtained a Level 1 B-BBEE certificate, pursuant to a stringent audit carried out by SANAS (South African National Accreditation System), the only government-accredited agency for such verification.
28 November 2022 –Disability learnerships key to addressing SA’s unemployment challenges
With the month of November marking Global Disability Month and 3 December being International Day of Persons with Disabilities, it’s a good time of year to reflect on how we can empower people with disabilities, while also helping them to play a bigger role in our economy.
22 November 2022 –New Preferential Procurement Regulations will give state organs more discretion to implement their own procurement policies
From 16 January 2023, New Preferential Procurement Regulations (“2022 Regulations”) will take effect in South Africa. These will expand the aims of preferential procurement and reinforce the discretion of organs of state to implement their own procurement policies.
18 November 2022 – Transformation laws without end
Minister of Employment and Labour, Thulas Nxesi, says that South Africa’s employment equity and transformation laws will stay in place until the “primary objectives” of the regulations are achieved.
16 November 2022 – ANC NEC should have focused more on economic disparities – Business leaders
The ANC national executive committee (NEC) should have dedicated more time to addressing the continued economic disparity, growing unemployment, poverty and inequality during deliberations. So said the Black Business Council (BBC) chief executive officer Elias Monage on Tuesday following the ANC NEC meetings held at Nasrec, Johannesburg, from Friday until Sunday.
15 November 2022 – Ramaphosa denies government is abandoning affirmative action amid procurement rules outrage
Amid the backlash over the government’s policy tweak which saw the rescission of Broad-Based Black Economic Empowerment (B-BBEE) as a requirement for businesses looking to trade with state-owned entities, President Cyril Ramaphosa has denied that the government is abandoning affirmative action.
14 November 2022 – Ramaphosa stands firm on BEE and transformation laws in South Africa
South Africa’s need for economic transformation is still prevalent, and broad-based black economic empowerment is here to stay, says President Cyril Ramaphosa.
09 November 2022 – Government clarifies big changes to BEE laws in South Africa
The government remains wholly committed to transformation and empowerment as envisioned in the Constitution, says Finance Minister Enoch Godongwana. The Minister made the commitment during a press briefing on Tuesday on the new Preferential Procurement Regulations (2022 Regulations) under the Preferential Procurement Policy Framework Act, 2000 (PPPFA), which he gazetted on Friday.
09 November 2022 – No change to BEE or localisation procurement objectives, says Godongwana
Government has no intention of scrapping black economic empowerment (BEE) or localisation criteria in its public procurement policy, and has dismissed recent media reports indicating otherwise. Finance Minister Enoch Godongwana stated emphatically on Tuesday that government is not deviating from its transformational and reconstruction and development frameworks
07 November 2022 – Media Statement: Preferential Procurement Regulations, 2022
The purpose of this statement is to provide clarity in light of some of the news reports that have, incorrectly, attributed the new regulations to a change in procurement as it relates to State Owned Entities, and as a wholesale scrapping of Black Economic Empowerment and local content development. This is not the case
07 November 2022 – SOEs like Eskom and Denel may not be forced to use BEE-compliant companies in future
Finance Minister Enoch Godongwana has started the process to implement new legislation that would allow state-owned companies to engage with not only BEE-compliant firms.
07 November 2022 – SA Youth Economic Council rejects Godongwana’s new BEE laws
Cape Town – The South African Youth Economic Council (Sayec) says it rejects the new legislation procurement procedures involving BEE and state-owned entities promulgated by Finance Minister Enoch Godongwana.
07 November 2022 – ‘Black people can’t be perpetual spectators in the economy’
The Black Business Council (BBC), which advocates for the interests of black entrepreneurs, has come out guns blazing against Finance Minister Enoch Godongwana for “abdicating his constitutional responsibility” when it comes to transformation, particularly state procurement.
03 November 2022 – Ramaphosa defends BEE, says it is ‘not the enemy of meritocracy’.
CAPE TOWN – President Cyril Ramaphosa has defended Black economic empowerment (BEE) and affirmative action, saying that transformation was not a replacement for being appointed on merit.
01 November 2022 – North West community oust chief, takes control of lucrative stake in Glencore Mine
Johannesburg – A mineral-rich North West community has successfully wrestled control of a lucrative stake in mining giant Glencore after accusing its chief of not accounting for millions of rands.
27 October 2022 – South Africa’s Amended Employment Equity Act Likely to Take Effect in 2023
According to a recent media statement released by the South Africa Department of Employment and Labor (DoEL), the long-anticipated amendments to the Employment Equity Act 1998 (EEA) will come into operation from Sept. 1, 2023.
21 October 2022 – Commission for Employment Equity laments slow pace of transformation in labour market
According to the commission, at the top, senior, middle and junior management, the advancement of black people, specifically, African and coloured, has been characterised by an unpredictable and staggered trajectory.
20 October 2022 – Dis-Chem debacle: Is transformation in SA regressing?
The preamble to our Constitution says we “believe that South Africa belongs to all who live in it, united in our diversity” and that we adopted it in 1996 with the intention to “heal the divisions of the past and establish a society based on democratic values, social justice and fundamental human rights”.
20 October 2022 – The Youth Employment Service in Rosebank’s partnership with bank benefits youth
Nedbank’s partnership with Rosebank’s Youth Employment Service has seen the placement of candidates in job spaces with more than two thirds taken by women.
17 October 2022 – Dis-Chem withdraws memo on barring hiring whites, but says intention remains
JSE-listed Dis-Chem has done an about turn, withdrawing an internal memorandum to staff from its founder and CEO Ivan Saltzman that called for a moratorium on hiring white people at the pharmaceutical retailer.
09 October 2022 – Big change to South Africa’s strict new transformation laws that businesses need to know about
Recent amendments to the Employment Equity Amendment Bill – which is awaiting a sign-off from president Cyril Ramaphosa – make key changes that will give smaller businesses much-needed breathing room.
06 October 2022 – Waterfall City developer Attacq scores top B-BBEE rating
JSE-listed real estate investment trust (Reit) Attacq, the developer of Waterfall City in Gauteng, has achieved a Level 1 contributor status towards Broad-Based Black Economic Empowerment (B-BBEE) after improving its rating in key elements of the scorecard, it announced on Thursday.
03 October 2022 – One of SA’s oldest BEE firms is looking for ‘lost’ shareholders
Brimstone, one of South Africa’s oldest listed empowerment companies, is looking for “lost” shareholders – in order to pay them R6.4 million in unclaimed dividends. The group says it is having trouble finding them because, when it was listed on the JSE in 1998 at R1.25 a share, there was no requirement for companies to record the basic contact details of their shareholders.
01 October 2022 – Training is the one component of B-BBEE that can fuel sizeable company growth in South Africa
Changes to South Africa’s Broad-based Black Economic Empowerment (B-BBEE) legislation are already underfoot, with the statutory process around reforming the Employment Equity Amendment bill set to last month.
26 September 2022 – Insights into the Old Mutual Bula Tsela B-BBEE deal
‘We can’t really say upfront the value of Bula Tsela, because the price at which it buys the Old Mutual shares is not known yet’: Craig Gradidge – Gradidge-Mahura Investments.
22 September 2022 – The Finance Ghost: How the Royal Bafokeng cracked the BEE code
Royal Bafokeng Holdings has been one of SA’s savviest BEE investment firms — which would make it a brilliant addition to the JSE
19 September 2022 – B-BBEE probe into Table View businessman revived as UDM steps in
Cape Town – After pressure from the United Democratic Movement (UDM), the BEE commission is revisiting an investigation into Cape Town businessman Tony Ingram for allegedly using a black woman as a front to net an estimated R300 million contract
18 September 2022 – Film company Moonlighting in B-BBEE battle
The department of trade, industry & competition (DTIC) has continued to pay millions of rand in rebates to a film company under investigation by the Broad-Based BEE Commission for allegedly misrepresenting its empowerment status..
14 September 2022 – It’s time to reassess the BBBEE framework and address areas that aren’t working
One of the biggest bottlenecks in implementing effective transformation is the incapacitation of BBBEE sector councils, writes Sanlam Gauge’s Andile Khumalo
07 September 2022 – Blacceleration: Investing in black entrepreneurship to accelerate economic transformation
South Africa is the second largest and the most technologically developed economy in Africa. However, according to the World Bank, South Africa is also the most unequal country in the world. A full report published by the World Bank states that the country’s extreme inequality is due to “inherited circumstances over which an individual has no control”. In other words, the racial inequalities of the past still continue to structure the distribution of wealth in South Africa.
01 September 2022 – Volkwagen Trust Invests R13.5m In Truck Dealership
Automotive Company Volkswagen South Africa’s (VWSA’s) Broad-Based Black Economic Empowerment (B-BBEE) Initiatives Trust Has Invested R13.5-Million In Black-Woman-Owned Heavy-Truck Dealership GardenRouteMan (GRM) Auto As Part Of Its Efforts To Transform The Automotive Supply Chain.
31 August 2022 – Strict workplace transformation rules coming for south africa – what you need to know
The newly amended Employment Equity (EE) Act is set to come into operation on 01 September 2023, with the aim to aid workplace transformation in South Africa.
31 August 2022 – Employment and Labour on amended Employment Equity Act to aid workplace transformation in South Africa
The amended Employment Equity (EE) Act of 1998 to empower the Employment and Labour Minister to regulate sector specific EE targets and to regulate compliance criteria to issue EE Compliance Certificate in terms of Section 53 of the EE Act will come into force on the first of September 2023.
30 August 2022 – Portia Tau-Sekati on empowerment in SA’s property industry
The CEO of the Property Sector Charter Council says despite improvement to Level 4 in terms of the broad-based scorecard, much still needs to be done to transform the industry both on the BEE and women’s empowerment fronts.
28 August 2022 – No matter how small your business, it’s best to ensure you comply with B-BBEE rules
As a B-BBEE compliant small business, you will gain access to a number of favourable tax gains and be better positioned to attract more business.
22 August 2022 – Who qualifies for Old Mutual’s Bula Tsela empowerment shares?
Applications open to all black South Africans. There’s been quite some interest from parents and grandparents to buy shares for kids: Taskeen Ismail – head of corporate finance, Old Mutual.
18 August 2022 – Proposal for tougher BEE laws in South Africa as compliance dwindles
The Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) has published its annual broad-based black economic empowerment (B-BBEE) trends report for2021, showing a decline in compliance and a drop in black ownership of businesses in South Africa.
16 August 2022 – Old Mutual approves new black empowerment share scheme
Qualifying Black South Africans – including lower-income earners and Old Mutual employees – will now be able to buy the insurance giant’s shares at relatively low prices through its newest black empowerment-focused ownership scheme, Bula Tsela (‘pave the way’ in Sesotho). Old Mutual shareholders approved the broad-based black economic empowerment (B-BBEE) ownership scheme on Friday, 12 August.
11 August 2022 – Level 1 B-BBEE is big step in FLSmidth’s transformation journey
The recent earning of Level 1 Broad-Based Black Economic Empowerment (B-BBEE) status was not an end-goal but a step in FLSmidth’s transformation journey in South Africa. Deon de Kock, FLSmidth President for Sub-Saharan Africa, Middle East and South Asia, emphasises that diversity, inclusion and engagement are imperatives for good business.
09 August 2022 – RAISE A GLASS TO BLACK-OWNED WINE BRANDS
It’s quite a view from where one is standing on the deck of the Wine Arc outside Stellenbosch. In front of the terrace, neatly trellised vineyards are bare of leaves in the winter sunshine; the vines resting ahead of next year’s harvest season. To the left lies the historic university town of Stellenbosch, all oak trees and charming streets framed by lush fynbos-clad peaks.
31 july 2022 – Market access, support for small farmers among issues tackled by Tiger Brands Aggregator Programme
The impact of agricultural subsidies in South Africa, market access for the products of the developing world and support for small farmers were among the issues discussed this week at the Tiger Brands Aggregator Agriculture Programme
15 July 2022 – Questions On The Socio-Economic Development Element On The DTIC B-BBEE Scorecard Are Answered By Our MD, Bridget Ntombela
Q: What Is The Purpose Of The Socio-Economic Development Element On The DTIC Scorecard?
‘This Element Is To Encourage The Private Sector To Be Part Of The Solution That Facilitates Sustainable Accessibility To The Economy. The Focus Is On The Marginalised Communities Which, In Its Majority Relate To Previously Disadvantaged Groups. This Will Then Benefit Beneficiaries Who Are Black South African Citizens In A Broader And More Meaningful Way. Contributions Consist Of Both Monetary And Non-Monetary Initiatives’, Says Bridget.
2 June 2022 – What Is The Purpose Of The Enterprise And Supplier Development Element?
Premier Verification Is A SANAS Accredited Verification Agency. We Spoke To The Managing Director Of Premier Verification, Bridget Ntombela And Asked Her Questions
About The Enterprise And Supplier Development Element On The DTIC Generic Scorecards, Find Out What She Had To Say
30 May 2022 – Important reporting notice for our Financial Sector Charter clients
The Financial Sector Transformation Council (FSTC) Has Issued A Reporting Notice For The Submission Of B-BBEE Compliance Reports.
24 May 2022 – B-BBEE Thresholds For The Financial Services Sector Charter
The Financial Services Sector Charter Has Various Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. These Thresholds Are Measured By The Annual Revenue Of The Company.
28 May 2022 – B-BBEE Thresholds For The Construction Sector Charter
Premier Verification Is Accredited By SANAS To Conduct B-BBEE Verifications For The Construction Sector Charter.
Should You Require A Certificate Please Contact Us On 010 591 0591.
17 May 2022 – B-BBEE Thresholds For The Property Sector Charter
The Property Sector Charter Thresholds Are To Determine If A Company Is Verified As An EME, QSE Or Generic Enterprise On A B-BBEE Scorecard. A ‘Threshold’ Is Measured By The Annual Revenue Of The Company.
16 May 2022 – B-BBEE Thresholds For The Marketing, Advertising And Communication Research (MAC) Scorecard
The MAC Sector Charter Has Various Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. These Thresholds Are Measured By The Annual Revenue Of The Company.
16 May 2022 – DTIC B-BBEE Scorecard Thresholds
The DTIC Has Specific Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. This Is Measured By The Annual Revenue Of The Company.
05 May 2022 – B-BBEE On-Site Assessments
Now That Physical Onsites Assessments Have Resumed, All Onsite Assessments Are Required To Be Held At The Registered Address Of The Entity That Is Being Verified.
29 April 2022 – The Function Of A Company’s Annual Financial Statements In The B-BBEE Verification Process
We, At Premier, Are Often Asked Why We Request Our Clients’ Annual Audited Financial Statements (AFS) For A B-BBEE Verification.
26 April 2022 – Important Reminder To All Our Financial Sector Charter Clients
This Is A Reminder Of The Withdrawal Notice That Was Issued By The Financial Sector Transformation Council.
05 April 2022 – Affidavits For Preferential Procurement (PP) On Sector Scorecards
When Procuring Affidavits From Suppliers, Entities Must Ensure That If The Supplier Falls Into A Sector, Then The Affidavit Used Must Be Sector Specific
22 July 2019 – Bridget Ntombela’s Transformation Journey
Bridget Ntombela has been in the B-BBEE verification industry for a decade. She started with Premier in 2015 and her journey is not only inspiring but it is what we at Premier believe to be true B-BBEE transformation.