broad-based black economic empowerment
Black economic empowerment
South Africa's policy of black economic empowerment is not simply a moral
initiative to redress the wrongs of the past. It is a pragmatic growth strategy that
aims to realise the country's full economic potential while helping to bring the black
majority into the economic mainstream.
BEE imperative for growth: Davies
Black economic empowerment (BEE) remains an imperative for South Africa's growth and development, Trade and Industry Minister Rob Davies said at the launch of the revised B-BBEE Codes of Good Practice in Pretoria on Tuesday.
Scrapping the scrap tyre stockpiles
Government has approved a plan to recycle waste tyres and a company to handle the task.
• Ethiopian tread shoes a hit
AECI unveils R1.2bn empowerment deal
South African chemicals, explosives and property group AECI has unveiled a R1.2-billion black economic empowerment deal that will see a 11.5% stake in the company being held by an employee share trust and a community share trust.
BEE ‘not just about deals and tenders’
An over-emphasis on diversity of ownership and senior management in the implementation of black economic empowerment was one of the key issues raised at a Black Economic Empowerment Advisory Council meeting chaired by President Jacob Zuma on Friday.
MTN launches R8.1bn shares scheme
MTN, the biggest mobile phone operator in Africa, has finally launched its R8.1-billion (US$1.1-billion) broad-based black economic empowerment (BEE) shares scheme in South Africa.
MTN launches R8.1bn shares scheme
MTN, the biggest mobile phone operator in Africa, has launched a broad-based black economic empowerment shares scheme in South Africa worth R8.1-billion.
• Boost for black-owned firms in South Africa
Boost for black-owned firms in SA
Black-owned emerging businesses are set to receive a welcome boost from a revised empowerment scheme recently introduced by government.
Guidelines for BEE verification
The government has gazetted a manual that provides guidelines and standards for measuring compliance with South Africa's black economic empowerment codes of good practice.
Sasol’s BEE deal the biggest yet
Black South Africans will get a piece of high global oil prices with the announcement of petrochemical giant Sasol’s long-anticipated black economic empowerment deal - the biggest in the country’s history.
