black economic empowerment

Biomass export plant for Coega

The Coega Industrial Development Zone outside Port Elizabeth has secured a R70-million investment into a biomass fuel project which will supply 10 000 tons of the product a month to European markets.

BEE codes simpler, more flexible

South Africa's finalised codes of good practice on black economic empowerment give exemption to smaller companies and start-ups in their first year of operation, while allowing multi-nationals flexibility in how they structure their BEE deals.

Good times in SA: Financial Times

Describing South Africa as "a country enjoying the benefits of high commodity prices, solid growth and low interest rates", a special report by London's influential Financial Times has expressed qualified praise for SA's economic successes.

‘BEE fuelling economic revolution’

Black economic empowerment is paying healthy dividends, says Old Mutual CEO Jim Sutcliffe. The strategy has boosted growth, helped South Africa become a favoured destination for foreign investment, and was a factor in the 47% total return on equities traded on the JSE last year.

Schwarze Wirtschaftsforderung in Sudafrika

Eine motivierende Initiative zur Bewaltigung der Fehler aus der Vergangenheit und eine pragmatische Strategie zur Freisetzung des vollen wirtschaftlichen Potentials des Landes.

BEE tops SA companies’ agenda

South African business owners increasingly view black economic empowerment as key to winning business, according to a new survey - and are taking more broad-based approaches to empowerment.

JSE unveils listing, BEE plans

The JSE Limited, ranked seventh in the World Federation of Exchange’s top 10 performing markets last year, has unveiled plans to list on its own exchange in June, and to increase the level of black shareholding in Africa's biggest bourse through an innovative two-part empowerment initiative.

Huge expansion for Richards Bay

South Africa's Richards Bay Coal Terminal is to spend about R1-billion expanding its yearly export capacity to 92-million tons of coal by 2008, making it the biggest such facility in the world.

Boats boost tourism BEE

A government-led initiative to increase the participation of previously disadvantaged communities in the Western Cape tourism industry has been given a boost with a new black economic empowerment partnership between two local tourism companies.

Govt gets tough on BEE fronting

The government is to clamp down on companies that claim false black economic empowerment credentials to win contracts from the Department of Public Works.