October 30, 2008
Fake BEE partnership costs J-Bay man R400000 fine
CONTROVERSIAL Jeffreys Bay businessman and lawyer Pieter Hancke, 58, entered into a plea bargain yesterday after having used the names of domestic workers among others to secure BEE deals of more than R900000 with the Kouga municipality.
Posted by StaffWriter at 8:49 AM | Comments (0)
February 14, 2008
Loose ends hold up BEE legal framework
The BEE codes of good practice will remain in limbo until the Department of Trade and Industry (DTI) ties up some significant loose ends in developing the BEE legal framework.Posted by StaffWriter at 8:06 AM | Comments (0)
March 9, 2006
DTI scraps plans for discounted BEE ratings
THE NEW Black Economic Empowerment (BEE) codes may be out, but business owners should be cautious not to rush out and get a BEE rating as so far not a single rating has been accredited...
Posted by Bernie at 11:17 AM | Comments (0)
March 7, 2006
NPA to clamp down on BEE fronting
The National Prosecuting Authority (NPA) will investigate and prosecute companies fronting as black empowerment businesses, the SABC reported on Tuesday...
Posted by Bernie at 11:07 AM | Comments (0)
February 27, 2006
Bid to ease BEE tax burden on minorities
GOVERNMENT is considering amending SA’s income tax laws to relieve minority shareholders of their tax burden in certain circumstances, and thereby facilitate black economic empowerment deals...
Posted by Bernie at 1:46 PM | Comments (0)
February 17, 2006
You can hang on to your business and still score BEE points
If you own, or part-own a business, small- or medium-sized, the new Black Economic Empowerment Codes of Good Practice ...
Posted by Bernie at 10:46 AM | Comments (0)
February 6, 2006
New BEE watchdog body
The number of black economic empowerment verification agencies and BEE consultants is expected to double, even quadruple...
Posted by Bernie at 10:20 AM | Comments (0)
November 25, 2005
The BEE Scorecard
The main principles of the Scorecard are: BEE ownership targets... 25% by 2006 / 30% by 2009 / 45% by 2014; BEE management targets... 25% by 2006 / 30% by 2009 / 50% by 2014; Employment Equity... 25% by 2006 / 30% by 2009 / 60% by 2014. View the full BEE Scorecard and Transformation Charter on PDF...
Posted by Bernie at 1:09 PM | Comments (0)
November 10, 2005
IDC's R1bn plan for jobs, SMEs, BEE
The Industrial Development Corporation has announced new development financing schemes totaling R1-billion, which are geared towards promoting job creation, small and medium enterprise development, expansionary black economic empowerment, labour-intensive projects in rural areas and the expansion of franchising operations...
Posted by Bernie at 2:53 PM | Comments (0)
November 3, 2005
Merchant bankers under fire
The days of merchant bankers structuring complex arrangements to help companies dodge tax are numbered - if Finance Minister Trevor Manuel gets his way...
Posted by Bernie at 1:08 PM | Comments (0)
November 2, 2005
New BEE codes - Busa comments
Classic Business Day gets the view of Business Unity South Africa (Busa) on the new Black Economic Empowerment Codes of Good Practice. With Dr Siyabonga Ndabezitha, chief transformation officer at Busa
Posted by Bernie at 12:40 PM | Comments (0)
October 28, 2005
SA's neighbours don't qualify for BEE
Black people from South Africa's neighbouring states do not qualify for grants from the South African Government in terms of its black economic empowerment policies, says South African Trade and Industry Minister Mandisi Mpahlwa...
Posted by Bernie at 8:16 AM | Comments (0)
October 27, 2005
Gautrain will cost over R20bn
The Gauteng Department of Public Transport, Roads & Works on Wednesday welcomed the announcement by Finance Minister Trevor Manuel on Tuesday in Parliament that the overall cost to the fiscus of Gautrain would exceed 20 billion rand over the next five years.
Posted by Bernie at 2:47 PM | Comments (0)
October 13, 2005
BEE codes to be published
SA's cabinet has announced that the codes of good practice on broad-based black economic empowerment will be published and gazetted within a month. ..
Posted by Bernie at 2:44 PM | Comments (0)
June 27, 2005
New draft BEE codes miss the boat, say unions
GOVERNMENT’s revised codes of good practice on empowerment ...
Posted by Bernie at 12:06 PM | Comments (0)
June 24, 2005
BEE deals which miss new mark ‘not likely to need reworking'
COMPANIES whose empowerment deals ..
Posted by Bernie at 1:40 PM | Comments (0)
June 2, 2005
Raids a warning to BEE fraudsters - Scorpions
Four Pretoria residents were arrested early ...
Posted by Bernie at 9:40 AM | Comments (0)
