August 27, 2010
Transforming by numbers
Professor Wiseman Nkuhlu, co-founder and chairman of investment company Pan-African Capital Holdings, became the first black South African to qualify as a chartered accountant (CA) in 1976.
Posted by StaffWriter at 10:08 AM
August 3, 2010
ABVA ELECTS NEW BOARD
ABVA (the Association of BEE Verification Agencies) is pleased to announce the election of the new Board of Directors for the 2010-2011 period. At the latest Annual General Meeting attended by the ABVA membership, three new members were elected and four members were re-elected to posts on the Board. The new ABVA board reflects the diversity of the organisation as well as the immense expertise in BEE and BEE verification found amongst the membership.
Posted by StaffWriter at 8:36 AM
July 1, 2010
Teriskano acquires new valve agencies
Teriskano Engineering Solutions has announced two new distributorships that it says will empower it as a black owned BBBEE level 3 company to support its new principles and help them to achieve joint objectives in the South African valves market.
Posted by StaffWriter at 9:54 AM
June 14, 2010
KPMG awarded top rating for BEE
AUDIT, tax and advisory firm KPMG was independently rated AAA for its broad-based black economic empowerment (BBBEE) last week, which equates to a level 2 contributor under the Department of Trade and Industry codes.
Posted by StaffWriter at 10:30 AM
April 19, 2010
Consulting Engineers South Africa tackles public sector procurement
Consulting Engineers South Africa (CESA) embarks on national campaign to inform and educate public sector clients about best practices
Posted by StaffWriter at 9:53 AM
November 27, 2009
Liberty Q3 lapse rate in line with H1, lags peers
JOHANNESBURG (Reuters) - South African insurer Liberty Holdings was profitable in its third quarter, but is lagging its peers as the lapse rate at its units remains in line with its first-half.
Posted by StaffWriter at 1:26 PM
September 4, 2009
Australian company expands footprint to Southern Africa
Australian international resource sector services provider Sedgman has opened a new office in South Africa in response to increasing client demand and emerging market opportunities within Southern Africa.
Posted by StaffWriter at 10:35 AM
July 5, 2009
Human resources face important BEE challenges
Continuing from last week's exploration of the broad-based black economic empowerment (BEE) elements from all points of view, we shall look at the rest of the elements. The element of human resources development is the most critical because it affects the majority of the beneficiaries of broad-based BEE.
Posted by StaffWriter at 2:43 PM
June 17, 2009
The Marketing Kraal takes BBBEE to the highest level
BEE verification agency, BEE Online, has recently rated The Marketing Kraal as a Level One Contributor to Broad-Based Black Economic Empowerment.
Posted by StaffWriter at 9:33 AM
May 29, 2009
Corrosion protection company focused on skills development
Corrosion protection company Virgo Business Consulting (VBC) reports that the company is focused on skills development, given its new-entrant status in the corrosion painting market.
Posted by StaffWriter at 7:14 AM
May 13, 2009
Bay company wins empowerment award
A MANDELA Bay company established five years ago is riding the crest of the wave after achieving the highest rating nationally awarded by an independent specialist group for economic empowerment - and it has no black directors.
Posted by StaffWriter at 9:42 AM
April 24, 2009
IRT Projects - Molex goes to the Cape
[ Johannesburg, 24 April 2009 ] - IRT Projects, a premier distributor for Molex Premise Networks, has finally opened its branch in Cape Town. This branch will be headed by Daryl Agulhas, who has a wealth of experience in the structured cabling environment, and is also well known in the Western Cape market.
Posted by StaffWriter at 1:22 PM
April 17, 2009
Highest BEE rating for firm with no black ownership
A COMPANY with no black ownership or management control has achieved the highest rating under SA's codes of good practice for broad-based black economic empowerment (BEE) simply by meeting other criteria under the empowerment laws.
Posted by StaffWriter at 7:26 AM
March 26, 2009
Collyer Lessick achieves BBBEE rating
Collyer Lessick & Associates has achieved a BBBEE rating of Level 2 Contributor after a BEE audit conducted by the National Empowerment Rating Agency of South Africa.
Posted by StaffWriter at 12:18 PM
March 17, 2009
BEE agencies get green light
Summit TV speaks to Andile Tlhoaele from the Association of BEE Verification Agencies (Abva) about the progress that's being made in getting their members accredited
Posted by StaffWriter at 8:08 AM
February 25, 2009
JHI Strengthens Valuations Capacity
Leading property services company JHI, has bolstered its valuations consulting services to provide valuation services on a national and regional level for the property assets of both listed property funds and private property investors.
Posted by StaffWriter at 9:45 AM
February 24, 2009
SA companies face uphill challenges: survey
Despite a myriad of problems - from rising crime to skills' shortages - many South African private companies expect positive turnover growth in the next few years.
Posted by StaffWriter at 2:19 PM
February 17, 2009
Cape Manufacturing Engineering approaches IDC for emergency funding
Two subsidiaries of one of the Western Cape's largest engineering firms, Cape Manufacturing Engineering (CME), would face liquidation, unless the group received some financial assistance, nonexecutive chairperson Ewald Wessels said on Tuesday.
Posted by StaffWriter at 3:47 PM
February 16, 2009
First BEE accredited agencies named
THE South African National Accreditation System (Sanas ) has named the first set of accredited black economic empowerment (BEE) verification agencies after a decision to accredit them was taken two years ago.
Posted by StaffWriter at 7:55 AM
February 9, 2009
Number of women engineers on the rise
The Engineering Council of South Africa (ECSA) says that the number of women in the industry is on the rise, with the Council's female membership now exceeding the 2 000 mark.
Posted by StaffWriter at 10:26 AM
February 5, 2009
Mayibuye buys further stake in Insimbi
AltX-listed alloy fabrication and maintenance specialist Insimbi Refractory and Alloy Supplies has sold a further 5,72% stake in the company to black economic-empowerment (BEE) partner Mayibuye for R12-million.
Posted by StaffWriter at 3:04 PM
December 3, 2008
Jobs overtake inflation as markets' biggest worry
With the oil price below $50 (R519) a barrel, rising unemployment is replacing rising inflation as the main concern for policy makers worldwide.
Posted by StaffWriter at 7:26 AM
October 22, 2008
Adcorp results
Summit TV speaks to Richard Pike from staffing company Adcorp about their results that include turnover up 28% and their prospects going forward
Posted by StaffWriter at 7:15 AM
September 1, 2008
One of Europe's largest Architecural Practices opens BBBEE Compliant SA Company
Nightingale Associates, one of the largest and European architectural firms specializing in the design of government, healthcare, science and education public infrastructure, today announces the establishment and opening of Nightingale Architects South Africa (Pty) Ltd, a fully Broad-based black economic empowered (BBBEE) compliant architectural practice in Cape Town.Posted by StaffWriter at 7:17 AM
August 22, 2008
New assessment process for foreign engineers seeking Ecsa registration
With an increase in the number of engineering practitioners from abroad seeking employment in South Africa and seeking registration with the Engineering Council of South Africa (Ecsa), the council would implement a new assessment process, which it said would expedite the registration of foreign engineering practitioners holding qualifications unknown to the council.Posted by StaffWriter at 8:04 AM
August 5, 2008
Barloworld re-prices BEE
The board of directors of listed industrial giant Barloworld has decided to re-price its 10 percent Broad-based Black Ownership Initiative, the company said on Tuesday.Posted by StaffWriter at 7:12 AM
July 30, 2008
Redline's impressive new website pays homage to investment in training
Posted by StaffWriter at 7:34 AM
July 23, 2008
Transformation Strong in Corporate SA
Corporate South Africa is prioritising transformation, particularly at middle and senior management levels, where BEE candidates are being groomed for internal promotion to high-level positions.Posted by StaffWriter at 7:53 AM
July 21, 2008
CA Charter reflects professions drive to accelerate transformation
Active, large-scale intervention is required to redress the situation
The Chartered Accountancy Profession Broad-Based Black Economic Empowerment (B-BBEE) Charter starkly evidences the profession's commitment to transformation.
Posted by StaffWriter at 8:03 AM
May 7, 2008
Reunert expects normalised half-year earnings to rise
Engineering and technology firm Reunert on Wednesday reported that normalised headline earnings a share would be between 5% and 10% higher when it releases its interim results on May 14, compared with the results for the same period of the previous year.Posted by StaffWriter at 9:19 AM
May 4, 2008
Sexwale's scramble for Africa
Mvela is setting up a mega-fund to make investments across the continent, writes Richard Stovin-Bradford.Posted by StaffWriter at 7:57 AM
May 2, 2008
Express Personnel Services Announces New Name and Empowerment Status
For more than 10 years, Express Personnel Services SA (Pty) Ltd., has been providing South Africa with unparalleled staffing services across a variety of industries. However, even the most tried-and-true operations need a change of pace every now and again.Posted by StaffWriter at 7:54 AM
March 25, 2008
BCX's BEE partner cashes out
Business Connexion's (BCX's) black economic empowerment (BEE) shareholder Gadlex will receive R70 million by selling 5% of its BCX interest back to the company.Posted by StaffWriter at 2:40 PM
March 6, 2008
Edward Nathan Sonnenbergs follows global trend with merger
The flurry of merger activity among South African law firms is in line with an international trend of consolidation, especially in commercial practices, to improve service to multinational corporations, according to commentators on the sector.Posted by StaffWriter at 10:44 AM
March 5, 2008
Phosa: Is BEE working for black lawyers?
African National Congress (ANC) treasurer general Mathews Phosa has called for an improvement in the country's black economic empowerment (BEE) policy.Posted by StaffWriter at 10:37 AM
February 20, 2008
Bay attorneys join first national legal network
AN established firm of Nelson Mandela Bay has joined the "big league" in national representation and meeting empowerment requirements by finalising a deal to become an associate of a country-wide group.Posted by StaffWriter at 11:25 AM
January 26, 2008
Tsebo strengthens gender ratio
WOMEN empowerment group Nozala has managed to hold on to a share of outsourcing and facilities management company Tsebo Outsourcing.Posted by StaffWriter at 7:34 AM
January 16, 2008
Rain on Grand Parade's listing
Grand Parade Investments (GPI), a leisure and gaming firm, was optimistic its proposed JSE listing would proceed, possibly later this month despite speculation it may not fulfil a key term of the bourse's listing requirements.Posted by StaffWriter at 8:49 AM
January 10, 2008
Time to change - Andiswa Ndoni
The frightening reality that black lawyers are still being undermined by the big players in the corporate world has prompted Andiswa Ndoni, the newly appointed boss of the Black Lawyers Association, to declare 2008 a year for change.Posted by StaffWriter at 8:31 AM
December 28, 2007
New bid by security guards and cleaners to 'step up change'
INCREASED industrial action by security staff and cleaners is envisaged from early next year as part of a South African Transport and Allied Workers' Union (Satawu) drive to transform these sectors.Posted by StaffWriter at 8:02 AM
December 14, 2007
NeilsonYoung Consulting receives highest possible BBBEE rating - AAA+
Leading search and recruitment company NeilsonYoung Consulting recently went through an empowerment re-rating exercise and improved on an already impressive AAA rating to score the very highest possible accolade, the coveted AAA+ rating, a level one contributor to BBBEE.Posted by StaffWriter at 7:29 AM
December 5, 2007
Sekunjalo changes tack
After increasing its operating profit in the year to August 2007 by 107%, diversified empowerment company Sekunjalo Investments has decided to change its investment strategy.
Posted by StaffWriter at 4:05 PM
November 8, 2007
Smoking the peace pipe - Bidvest
THE WELL ATTENDED annual shareholders' meeting of services firm Bidvest on Wednesday was a warm, tension-free affair with CE Brian Joffe in good moods and sharing a few jokes with the present shareholders.
Posted by StaffWriter at 12:22 PM
November 6, 2007
Reunert expects lower FY headline EPS
Technology and engineering group Reunert's headline earnings a share for the year ended September 30, was expected to fall by between 40% and 50%, it said on Tuesday, adding that it was attributable to the one-off cost of an empowerment deal.Posted by StaffWriter at 8:26 AM
October 19, 2007
Facilities-management company streamlines financial operations
Integrated and multi-disciplinary building maintenance management firm Domayne Engineering Services has implemented Pastel Evolution, the mid-market business solution from Softline Pastel, to ensure that its financial controls and management match the efficiency of its services.Posted by StaffWriter at 1:20 PM
October 4, 2007
Lejara first SAP BEE Resource Service Provider to become services partner
Lejara Enterprise Solutions has become the first of business software leader SAP South Africa's BEE Resource Service Provider partners to graduate to full National Service Partner status.Posted by StaffWriter at 9:00 AM
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
