BEE News.co.za

Bid to list gambling board boss as supplier

Mon, 08 Mar 2010 10:33:13 +0100

A SENIOR executive of a licensed gambling company wanted to add a computer and stationery supply company owned by the Eastern Cape's gambling board boss to a list of approved suppliers to the gambling company.

SPEECH: Zuma in London

Thu, 04 Mar 2010 09:45:58 +0100

Keynote address by His Excellency Jacob Zuma, President of the Republic of South Africa, to British Parliamentarians; Palace of Westminster, London
4 March 2010
Lord Speaker,
Honourable members,
Esteemed guests;
Ladies and gentlemen;

ABVA - BEE Codes Clarification

Wed, 03 Mar 2010 08:57:52 +0100

Interpreting the Codes: Best Practice in BEE Verification
Issued by ABVA: FOR IMMEDIATE RELEASE

ABVA, the Association of BEE Verification Agencies, would like to clarify some issues regarding the on-going interpretation of the BEE codes. As stated by the dti and agreed by ABVA, ABVA does not set policy and never has or ever intends to pronounce on policy.

Opening power grid good for BEE

Tue, 02 Mar 2010 09:38:28 +0100

JOHANNESBURG - Opening the national power grid could take broad-based black economic empowerment to a higher level, Nafcoc said on Tuesday.

Innovative Franchise Concepts launches Fast Forward Café - formalising the informal sector

Thu, 25 Feb 2010 10:37:43 +0100

Innovative Franchise Concepts (IFC), a company that bridges the gap between corporate enterprise development funds and the beneficiaries they are intended to reach, has been awarded a tender by the Metropolitan Trading Company that will see it change the face of street vending in Johannesburg.

Govt's IPAP2: COSATU's initial response

Mon, 22 Feb 2010 12:46:51 +0100

The Congress of South African Trade Unions welcomes the release of the New Industrial Policy Action (IPAP2) by the Trade and Industry Department (see here). COSATU is studying the action plan and will make its submission before the Trade and Industry Portfolio Committee on 3 March 2010. We however wish to make the following preliminary comments on the action plan.

SAB deal open for retailers

Mon, 22 Feb 2010 12:44:22 +0100

Johannesburg - Global brewing giant SABMiller plc's local unit, The South African Breweries, announced on Monday that the retailer component of its broad-based empowerment transaction - SAB Zenzele - is now open for participation by retailers. The offer is scheduled to close on 7 April and will be implemented in May 2010.

Procurement fraud in government departments emphasises need for strong compliance culture

Fri, 19 Feb 2010 08:49:53 +0100

In his Budget Speech, Finance Minister Pravin Gordhan acknowledged the reality of procurement fraud in government departments and announced that a team has been set up to look at procurement as a whole with a view to reducing the opportunities for fraud.

$1.2-billion refinery for the coast

Thu, 18 Feb 2010 09:36:54 +0100

One of four selected coastal areas in South Africa stands to be home to the world's first integrated pure metals refinery plant producing titanium, zirconium, magnesium and silicon, upon completion of the feasibility study.

IMPERIAL Logistics Continues to Advance its B-BBEE Rating

Wed, 17 Feb 2010 08:40:14 +0100

Johannesburg, South Africa, 17 February 2010, IMPERIAL Logistics is delighted to announce its improved level four (4) Broad-Based Black Economic Empowerment (B-BBEE) rating received from the NERA Verification Agency in December 2009. IMPERIAL Logistics also qualifies as a Value-adding Supplier offering its customers an enhanced Procurement Recognition Level of 125%.

State of the Nation address is outdated

Sun, 14 Feb 2010 09:43:04 +0100

Sefu Sekgala says the president failed to inspire confidence in the future

President Jacob Zuma is the most modern President of the republic of South Africa . However, his address has no trace of modernity.

BEE: A man-made disaster

Fri, 12 Feb 2010 08:10:57 +0100

Sipho Ngcobo dissects the problems with BEE.

JOHANNESBURG - I would really hate to say I told you so.

The brutally frank pronouncement by Deputy President Kgalema Motlanthe about a week ago that black economic empowerment has failed is an amazing vindication of what I have been trying to argue.

Zuma's full speech

Thu, 11 Feb 2010 09:51:37 +0100

State of the Nation Address by His Excellency JG Zuma, President of the Republic of South Africa; Joint Sitting of Parliament, Cape Town
11 February 2010

Massmart achieves level four BBBEE rating

Wed, 10 Feb 2010 10:09:52 +0100

The Massmart Group of companies has achieved a Level Four Broad Based Black Economic Empowerment (BBBEE) contributor status, two years earlier than planned. Massmart achieved a score of 66.14% from ratings agency Empowerdex, following a comprehensive audit of the Group's BBBEE performance.

SOUTH AFRICA: Inequality not so black and white

Mon, 08 Feb 2010 09:58:35 +0100

INEQUALITY NOT SO BLACK AND WHITE , 8 February 2010 (IRIN) - The growing gulf between the haves and have-nots in the black population has given South Africa the dubious distinction of becoming one of the world's most unequal societies, according to a recent report by the Organisation for Economic Co-operation and Development (OECD), an inter-government body.