ANC’s simplistic solution to SA economic ills, justifies nuclear millstone
SA’s dogmatic socialists, determined to apply economic policies which failed everywhere else, have discovered a convenient scapegoat, justifying nuclear millstone.
SA’s dogmatic socialists, determined to apply economic policies which failed everywhere else, have discovered a convenient scapegoat, justifying nuclear millstone.
Anthea Jeffery says it is time to call a halt to BEE, which needs to be replaced by a new focus on “economic empowerment for the disadvantaged”
Financial advisor Craig Gradidge explains why a raft of proposals from the Zuma Administration will kill off any hope for Abil’s 10 000 Black co-owners.
The updated codes essentially mean that the days of achieving suitable BBBEE compliance (level 4 or above) without doing some sort of ownership deal “are dead.”
Dilemma confronting 83% of SA businesses with turnover of R10m to R50m is sell/give control to Black owners or get downgraded to level 8 on new BBBEE codes.
If you interact in any way with South Africa, Â then it is probable that you have been impacted by Broad-Based Black Economic Empowerment (BBBEE). BBBEE is a necessary equaliser that attempts to level the playing field of equal economic opportunity, after years of apartheid oppression. However, as it so often happens with good intentions – … Read more
The unfolding story around the unregistered, over-the-counter share exchanges that are being used to trade shares in broad-based black economic empowerment schemes like MTN’s Zakhele is fascinating and instructive. When Zakhele was conceived, shareholders were promised that after a certain period, they would be permitted to trade their Zakhele shares with other black persons – … Read more
Over the last few years there’s been a boom in over-the-counter (OTC) trading in South Africa thanks to the advent of broad-based black economic empowerment deals. Under the terms of many of these BBBEE deals, black individuals who purchased the shares are eligible to trade them with other black individuals, but, because the trade must … Read more
With evidence that South Africa’s  Black Economic Empowerment (BEE) share schemes have improved lives, it seems a pity that more companies have not followed the likes of Vodacom SA, Sasol and Naspers. That’s the message delivered in this insightful overview of South Africa’s empowerment landscape, by analyst Riaz Gardee, as over-the-counter trade in BEE shares … Read more
Lobbyists can sometimes be their own worst enemies. The new BEE Codes suggest the politically connected elite may well have over-reached themselves. Instead of delivering the promised broadening of the Empowerment Base, what’s emerged is more slop for those with their snouts in the trough. This interview with attorney Safiyya Patel leads one to conclude … Read more