BEE News.co.za

Workers' pension funds can empower Cosatu, says report

Mon, 06 Feb 2012 12:44:16 +0100

THE Congress of SA Trade Unions should use workers' pension funds to exert its power in the mining sector.

Stringent BEE requirements for Gauteng liquor licences - DA

Mon, 06 Feb 2012 10:12:14 +0100

Dr Gavin Lewis says draft legislation gives MEC power to issue regulations on required status

CoAL completes BEE ownership structure for Chapudi

Mon, 06 Feb 2012 10:08:36 +0100

JOHANNESBURG (miningweekly.com) - Aim-, ASX- and JSE-listed Coal of Africa Limited (CoAL) has agreed to sell a 26% stake in its Keynote Trading and Investment subsidiary to black-owned Rothe Investment Proprietary and King Makhado Holdings.

Mining legislation and concerns to be tackled this year

Fri, 03 Feb 2012 14:00:47 +0100

The outcome of the public hearings held by the Parliamentary portfolio committee on mineral resources as part of its review of the 2010 Mining Charter, as well as the Mineral and Petroleum Resources Development Amendment Bill, currently scheduled to be published in 2012 (the MPRDA Amend- ment Bill), and the African National Congress's (ANC's) nationalisation of mines report are expected to form an important part of the Department of Mineral Resources' (DMR's) deliverables during 2012, says the head of Webber Wentzel's Africa mining and energy projects practice, Peter Leon.

Softline Pastel's new portal makes BEE compliance easy

Fri, 03 Feb 2012 13:45:45 +0100

Softline Pastel's one-stop Black Economic Empowerment (BEE) portal, BEE 123, was recently launched.

Black empowerment gains momentum

Fri, 03 Feb 2012 13:43:00 +0100

Broad-based black economic empowerment (BBBEE) scores have improved significantly across the South African economy over the past five years, according to the 2011 survey by audit firm KPMG released on Thursday.

Companies improve on BBBEE ratings

Fri, 03 Feb 2012 13:36:46 +0100

Companies operating in South Africa have improved their broad-based black economic empowerment (BBBEE) ratings, according to business advisory group KPMG.

Awards campaign starts again

Thu, 02 Feb 2012 12:16:37 +0100

The Durban Chamber of Commerce and Industry in association with AQRate KZN and media partners The Mercury have launched the 2012 Alec Rogoff Broad-Based Black Economic Empowerment Awards campaign.

Curbing window dressing

Thu, 02 Feb 2012 12:11:46 +0100

The intention with the proposed changes to the broad-based black economic empowerment (BBBEE) regulations is to form a new monitoring commission, as well as to introduce severe penalties and censure for those found guilty of fronting.

Back to fronting

Thu, 02 Feb 2012 11:38:39 +0100

Unless you're a big empowerment partner like Shanduka or Mvelaphanda and can afford legal and financial advisers ...

Jobs Are Crucial For Africa To Grow Its Economy

Wed, 01 Feb 2012 08:28:29 +0100

With the looming unease following the Davos Summit over the need to come up with new models of economic growth, Africans can't help but wonder how they can protect themselves from the current uncertain state of affairs.

Reworked empowerment law aims to combat fronting, elevate nonownership scorecard elements

Fri, 27 Jan 2012 10:55:39 +0100

South Africa's empowerment legislation is about to get new teeth to address issues such as fronting and local content procurement, besides others.

Net1 Concludes Black Economic Empowerment ("BEE") Deal

Thu, 26 Jan 2012 10:58:04 +0100

JOHANNESBURG, SOUTH AFRICA, Jan 26, 2012 (MARKETWIRE via COMTEX) -- Net 1 UEPS Technologies Inc. ("Net1" or the "Company") UEPS +2.43% (jse:NT1) today announced that it has concluded a Broad Based Black Economic Empowerment transaction, to strengthen the development of its business plan, and in compliance with South African regulation and business practice.

PFK wins sustainability award

Wed, 25 Jan 2012 09:51:20 +0100

PFK Electronics recently won the 2011 Technology Top 100 Award for Sustainability.

Chinese company Powerway announces 500 MW of PV mounting, tracking factories in South Africa

Tue, 24 Jan 2012 09:53:56 +0100

Powerway Renewable Energy Company Ltd. (Foshan City, China) has announced that it will invest ZAR 10 million (approx. USD 5 million) to build six new production facilities in South Africa to manufacture its Powerfit, PowerScrew and PowerTracker products.