September 24, 2008
Open lines 4: David Shapiro (Sasfin) and Wayne McCurrie (RMB Asset Management)
GEOFF CANDY: Wayne, you're going to be at that Surviving in a Bear Market investment seminar on Monday 29th?
WAYNE McCURRIE: Yes.
Posted by StaffWriter at 7:26 AM | Comments (0)
Open lines 3: David Shapiro (Sasfin) and Wayne McCurrie (RMB Asset Management)
GEOFF CANDY: Well, David, would you agree, partially, at least, that Alan Greenspan is to blame?
Posted by StaffWriter at 7:03 AM | Comments (0)
September 11, 2008
Zwelinzima Vavi - Walking through the doors
In the first of a two-part series, Cosatu general secretary Zwelinzima Vavi, drawing on the expertise of a panel of economists convened by Cosatu, argues that capital must be disciplined
Posted by StaffWriter at 7:50 AM | Comments (0)
June 23, 2008
Heed Harvard!
Back in 2004, the National Treasury on behalf of the government asked some of the best brains in the world to come and study South Africa, and give some frank advice on how to improve our long-term economic performance.Posted by StaffWriter at 9:16 AM | Comments (0)
February 17, 2008
Australia's apology signals the start of reconciliation
Australian prime minister Kevin Rudd took an unprecedented step for a western leader, by apologising to the indigenous people of Australia for past injustices, including the forced removal of mixed-race children from their families.Posted by StaffWriter at 8:00 AM | Comments (0)
January 23, 2008
Public losing faith in democratic institution
An alarming slump in public confidence in the country's leaders and representative institutions is a crisis striking at the root of South Africa's democracy.Posted by StaffWriter at 9:58 AM | Comments (0)
December 10, 2007
'Scrap BEE and start importing skills - now'
Virtually every sector in South Africa that relies on skilled labour is facing a skills shortage, the South African Institute of Race Relations (SAIRR) said on Monday.Posted by StaffWriter at 7:24 AM | Comments (0)
December 9, 2007
Battle of elitists against masses in BEE framework
The framework of the BEE codes will be unpacked to see whether only an elite few benefit or whether there is betterment for a broader base of people too.Posted by StaffWriter at 1:32 PM | Comments (0)
November 29, 2007
View ED as risk investment for business returns
IT HAS been said that broad-based black economic empowerment (BEE) is an economic plan that will see South Africa achieving its growth target of six percent in 2010.Posted by StaffWriter at 7:30 AM | Comments (0)
November 23, 2007
Centriq Insurance - Insurance as perceived
Getting consumers to recognise the risks and to appreciate the value of insurance coveragePosted by StaffWriter at 2:06 PM | Comments (0)
Big deals 'do nothing for empowerment'
SOUTH Africa needs to cultivate black entrepreneurship rather than just focusing on major BEE deals, says Mafube Publishing managing director Thami Mazwai.Posted by StaffWriter at 11:22 AM | Comments (0)
November 4, 2007
Paradoxes will dissolve when BEE becomes reality
Debate after debate on transformation and black economic empowerment (BEE) issues leave me convinced that it will take some time for most people to fully understand what broad-based BEE is.Posted by StaffWriter at 11:16 AM | Comments (0)
November 3, 2007
To BEE or not to BEE is the question
The Tshwane Metro Council on Friday told the Pretoria High Court that a top official's insistence that only skilled candidates be appointed to the power supply division is unfair discrimination.Posted by StaffWriter at 11:06 AM | Comments (0)
October 14, 2007
Don't ignore the problems behind protests
As a student at Wits University I am very disappointed that our protests have been largely ignored by the print media.Posted by StaffWriter at 12:49 PM | Comments (0)
Black Diamond label must be done away with
Imagine the many Africans in this country who for so many years have been excluded from all that is worthy of sovereignty, economic activity and good education but are now being described as "Black Diamonds".Posted by StaffWriter at 12:36 PM | Comments (0)
October 7, 2007
Black Diamonds aren't really making it
Most of black middle class unable to afford the lifestyleA mere 300,000 of South Africa's 2.6 million Black Diamonds can afford the trappings of middle-class life. The average suburban home, family holidays and regular rounds of golf are out of reach of most.
Posted by StaffWriter at 8:40 AM | Comments (0)
November 14, 2006
Dti Minister urges small BEE companies to work hard
Small businesses must not "sit back and relax" thinking they will be successful by virtue of being classified as Black Economic Empowerment (BEE) companies, Minister of Trade and Industry Mandisi Mpahlwa said today...
Posted by Bernie at 5:43 AM | Comments (0)
November 5, 2006
BEE in danger of extinction
Black economic empowerment (BEE) is in danger of becoming extinct if the government goes ahead with its plans to introduce the "once-empowered, always-empowered" principle...
Posted by Bernie at 6:34 PM | Comments (0)
October 31, 2006
Joffe defends Bidvest’s BEE manoeuvre
AN ANGRY Bidvest CEO Brian Joffe has hit back at criticism of his company’s empowerment deal with Dinatla, lashing out at people with a “poor understanding” of how difficult it is to get finance for black economic empowerment deals...
Posted by Bernie at 9:51 AM | Comments (0)
October 30, 2006
The tax benefits of BEE
Most small businesses find compliance with black economic empowerment (BEE) difficult but those which comply will receive tax benefits...
Posted by Bernie at 9:49 AM | Comments (0)
September 12, 2006
Will BEE fall away after the ten-year target has lapsed?
The Black Economic Empowerment (BEE) codes of good practice, which will hopefully be gazetted by the end of the year, have a ten-year target...
Posted by Bernie at 10:59 AM | Comments (0)
August 22, 2006
Mbeki urged to help speed up BEE
The Black Business Working Group has appealed to President Thabo Mbeki to help speed up black economic empowerment (BEE)...
Posted by Bernie at 7:53 PM | Comments (0)
Measuring suppliers on ownership can result in no verified BEE points at all.
ncreasingly companies, even those that have not had their BEE positions verified, are instituting systems to track their BEE procurement spend.
Posted by Bernie at 7:51 PM | Comments (0)
June 21, 2006
Are staff the best BEE partners?
The trend of getting staff in on empowerment deals is a controversial one...
Posted by Bernie at 8:04 PM | Comments (0)
March 8, 2006
And the BEE award goes to…
Sekunjalo Investments on Wednesday received the Financial Mail top empowerment companies award, which is conducted in partnership with black economic empowerment ratings agency EmpowerDEX...
Posted by Bernie at 11:11 AM | Comments (0)
March 2, 2006
BEE benefits not felt by most - survey
THE benefits of Black Economic Empowerment (BEE) have not yet trickled down to ordinary South Africans and currently only favours the privileged few, say the overwhelming majority of middle class black South Africans...
Posted by Bernie at 2:03 PM | Comments (0)
January 16, 2006
Cyril Ramaphosa and a cautionary tale for BEE
IT IS legend now that the World Trade Centre negotiations can be divided into two distinct epochs, BC and AC — Before Cyril and After Cyril. The BC period was called Codesa and started in acrimony and ended in disaster. Cyril Ramaphosa was away at the time, and negotiations were led by a varied and, frankly, a motley crew. They achieved practically nothing...
Posted by Bernie at 2:34 PM | Comments (0)
December 7, 2005
Mbeki speaks out about BEE
The government's black economic empowerment policies were not responsible for the enrichment of a few individuals in the private sector, President Thabo Mbeki said on Tuesday night...
Posted by Bernie at 8:21 AM | Comments (1)
November 28, 2005
Pumzile's plan
It is easy to dig up complaints about the state of the South African economy but there is no denying that government is forging determinedly through a political minefield to reach growth and employment solutions...
Posted by Bernie at 9:36 AM | Comments (0)
November 18, 2005
BEE is a failure says Moeletsi Mbeki
Moeletsi Mbeki, the chairperson of the SA Institute for International Affairs, says black economic empowerment (BEE) is a huge failure and the process should be abolished...
Posted by Bernie at 12:55 PM | Comments (0)
November 2, 2005
Companies lose Gautrain BEE court bid
An attempt by a company to claim a 25% black economic empowerment (BEE) stake in the Gautrain project was dismissed with costs in the Johannesburg High Court on Wednesday...
Posted by Bernie at 12:47 PM | Comments (0)
October 26, 2005
Three titans dominate BEE boards
The Big Guys of black economic empowerment are currently sitting on 12 mega-company boards each.
Posted by Bernie at 2:40 PM | Comments (0)
June 6, 2005
BEE not just about equity
The government's broad based approach to black economic empowerment ...
Posted by Bernie at 9:45 AM | Comments (0)
June 1, 2005
Gauteng favours SMMEs
The Gauteng government said it would no longer do business with white-owned companies after 2009....
Posted by Bernie at 1:47 PM | Comments (0)
May 31, 2005
Shaik took advantage of govt's BEE policy: judge
Hillary Squires, the judge presiding over the Schabir Shaik fraud and corruption trial...
Posted by Bernie at 7:58 PM | Comments (0)
May 27, 2005
Comment open on Cell C BEE plan
The Independent Communications Authority of SA (Icasa)...
Posted by Bernie at 2:36 PM | Comments (0)
May 24, 2005
Most BEE deals may not comply
Four out of five black economic empowerment (BEE) deals ...
Posted by Bernie at 4:14 PM | Comments (0)
BEE: A case of adapt or close up shop?
The South African government seems to be sending a mixed message to the small to medium enterprise (SME). ...
Posted by Bernie at 4:12 PM | Comments (0)
May 23, 2005
BEE must not hinder growth'
SA CANNOT afford to sacrifice sustainable economic growth ...
Posted by Bernie at 9:54 AM | Comments (0)
May 20, 2005
If BEE depresses you, take heart from SA's ‘bappie' ...
AN ENORMOUS amount of time and energy in public discourse has been devoted over the past few years to the bewildering ...
Posted by Bernie at 12:19 PM | Comments (0)
BEE code 'not a punishment'
A code of good practice in black economic empowerment (BEE)...
Posted by Bernie at 7:12 AM | Comments (0)
May 15, 2005
Throwing the bones at Mont Fleur
It is 2020...
Posted by Bernie at 2:43 PM | Comments (0)
May 4, 2005
SMEs struggle to adopt BEE
A survey commissioned by financial services group Old Mutual plc (OML)...
Posted by Bernie at 2:13 PM | Comments (0)
April 23, 2005
High Commissioner praises SA's BEE efforts
Thandi Lujabe-Rankoe, South Africa's High Commissioner in Mozambique...
Posted by Bernie at 7:11 AM | Comments (0)
April 22, 2005
Let your CEO talk
Metro FM is offering a new marketing opportunity for CEOs...
Posted by Bernie at 12:12 PM | Comments (0)
April 20, 2005
Latest BEE transaction is not about individuals
The latest black economic empowerment transaction is "not about individuals...
Posted by Bernie at 9:44 AM | Comments (0)
April 15, 2005
Final day of BMF conference
The second and final day of the Black Management Forum's BEE conference got ...
Posted by Bernie at 6:22 PM | Comments (0)
April 14, 2005
How far have we come since the inception of BEE?
The Black Management Forum (BMF) starts its three-day Black Economic Empowerment (BEE) conference today...
Posted by Bernie at 3:10 PM | Comments (0)
Grain SA supports economically feasible BEE projects
Grain SA has stressed that it supports well structured and economically feasible Black Economic Empowerment (BEE)...
Posted by Bernie at 8:13 AM | Comments (0)
April 13, 2005
Directors warned about BEE non-compliance
Directors who fail to ensure their companies comply with the provisions of broad-based black economic empowerment (BEE) legislation...
Posted by Bernie at 5:22 PM | Comments (0)
BEE has just shifted wealth, and not helped poor blacks
Meaningful economic transformation in South Africa is no small task...
Posted by Bernie at 5:19 PM | Comments (0)
April 8, 2005
BEE confusion ‘threatens M&A revival in SA'
SOUTH African merger and acquisition activity jumped 18% last year to R177bn ...
Posted by Bernie at 8:40 AM | Comments (0)
April 7, 2005
S.Africa says to tighten black empowerment laws
JOHANNESBURG (Reuters) - South Africa intends to tighten legislation aimed at increasing black ownership ...
Posted by Bernie at 4:53 PM | Comments (0)
BEE deals in SA increase 29% in 2004, survey finds
Black economic empowerment (BEE) momentum continued unhindered in 2004...
Posted by Bernie at 2:34 PM | Comments (0)
March 29, 2005
Black managers seek new BEE points system
THE Black Management Forum says empowerment points credited to companies ...
Posted by Bernie at 9:57 AM | Comments (2)
March 18, 2005
A slap on the wrist for BEE fraudsters
MANY white-owned companies are making a serious effort to play a positive role in the government's attempt to redress ...
Posted by Bernie at 6:24 AM | Comments (1)
March 17, 2005
Firms urged to be realistic about BEE
Companies need to adopt a pragmatic approach to black economic empowerment that identifies what they ...
Posted by Bernie at 5:48 PM | Comments (0)
March 16, 2005
'Scrap BEE industry charters'
While various South African industries finalise their charters in terms of the Broad-Based Black Economic Empowerment Act...
Posted by Bernie at 7:12 AM | Comments (0)
March 15, 2005
Charge fronting firms with fraud, says forum
The black Management Forum has proposed that companies ...
Posted by Bernie at 6:13 PM | Comments (0)
March 11, 2005
Set yearly targets for BEE says expert
WHITE-owned companies looking to buy into Black Economic Empowerment (BEE) should start procuring from black suppliers as a way ...
Posted by Bernie at 5:29 AM | Comments (0)
Set yearly targets for BEE says expert
WHITE-owned companies looking to buy into Black Economic Empowerment (BEE) should start procuring from black suppliers as a way ...
Posted by Bernie at 5:29 AM | Comments (0)
March 9, 2005
Scrap BEE industry charters
As industries fervently toil to finalise their charters in terms of the Broad-Based Black Economic Empowerment Act ...
Posted by Bernie at 1:32 PM | Comments (0)
Global challenge for BEE Inc.
ALOT of criticism has been levelled at transactional empowerment recently. Much of it is emotionally charged rather than strategic...
Posted by Bernie at 1:30 PM | Comments (0)
March 6, 2005
BEE should not be viewed as risk: economist
Iraj Abedian, Africa's specialist economist ...
Posted by Bernie at 7:46 PM | Comments (0)
Mvela looks to the future to secure BEE premium
Nobody is going to be buying into Mvelaphanda Group on the basis of the just-released interim results ...
Posted by Bernie at 7:43 PM | Comments (0)
Survey does not paint rosy picture of BEE on the JSE
Is black economic empowerment (BEE) moving forward on the JSE Securities Exchange or not?...
Posted by Bernie at 7:40 PM | Comments (0)
March 2, 2005
BEE charters need a rethink
With the publication of the first draft codes of good practice (codes)...
Posted by Bernie at 7:17 PM | Comments (0)
March 1, 2005
Mvela looks to the future to secure BEE premium
Nobody is going to be buying into Mvelaphanda Group on the basis of the just-released interim results ...
Posted by Bernie at 4:23 PM | Comments (0)
Family-owned firms can't escape BEE
The BusinessMap Foundation is once again engaged in the final assessment ...
Posted by Bernie at 4:20 PM | Comments (0)
February 24, 2005
Ernst & Young: Budget will help BEE deals
The proposed relaxation of income tax provisions relating to company restructurings announced in the 2005/6 Budget ...
Posted by Bernie at 7:55 AM | Comments (0)
February 17, 2005
New heavyweights to add gravitas to the BEE awards jury panel
The Business Report-BusinessMap Empowerment Awards panel of judges this ...
Posted by Bernie at 1:36 PM | Comments (0)
January 26, 2005
Lumus project to offer guide to BEE
An initiative to provide companies a uniform platform to assess whether they meet criteria such as empowerment has been launched.
Posted by Bernie at 11:43 AM | Comments (0)
January 22, 2005
Should the gentlemen of black empowerment now step aside?
The year 2004 was a defining year for black economic empowerment (BEE). ...
Posted by Bernie at 10:29 AM | Comments (0)
January 20, 2005
BEE shareholding a major issue: ISPA
The Internet Service Providers' Association (ISPA) is adamant the regulator needs to provide clarity on the scope ...
Posted by Bernie at 10:08 AM | Comments (0)
January 15, 2005
Saica focuses on accounting poser
Johannesburg - As more and more companies are forced to enter into black economic empowerment (BEE) transactions, the SA Institute of Chartered Accountants ...
Posted by Bernie at 9:57 AM | Comments (0)
January 13, 2005
Short-term insurers should encourage BEE
South Africa's short-term insurance industry needs to encourage more claims suppliers to become black economic empowerment (BEE) compliant, according to the ...
Posted by Bernie at 11:56 AM | Comments (0)
BEE code may force review of deals
Many companies may be forced to review their black economic empowerment deals this year ...
Posted by Bernie at 10:52 AM | Comments (0)
January 7, 2005
Scrutiny reveals flaws in BEE deals
Some of the black economic empowerment transactions concluded last year have pros and cons that have to be analysed, says Absa group executive director Israel Skosana....
Posted by Bernie at 10:16 AM | Comments (0)
January 5, 2005
Empowerment should aim to create wealth, instead of just donating it...
The Afrikaanse Handelsinstituut (AHI) has called on the country's private sector...
Posted by Bernie at 4:27 PM | Comments (0)
Score puts muscle on the bone
Johannesburg - The year 2004 was a good one for the advancement of black economic empowerment (BEE).
The year began with President Thabo Mbeki signing and promulgating the Broad-based Black Economic Empowerment Act.
Posted by Bernie at 3:29 PM | Comments (0)
December 16, 2004
Whites getting the breaks
It is with much disappointment that I write this letter. Perhaps people are bored of hearing this ...
Posted by Bernie at 3:35 PM | Comments (0)
Sasol' slow transformation is the real risk
South Africa's war of liberation, both internal and external, is officially over. The country is now ruled by a democratically elected government. A progressive constitution is in place ...
Posted by Bernie at 3:31 PM | Comments (0)
