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Union and brewers locked in BEE row

Union and brewers locked in BEE row

08/06/2016 - 11:41
A dispute is still raging between the Food and Allied Workers Union (Fawu) and the merging parties in the process of creating the world’s largest brewer in a $108bn deal. read more
SABMiller’s BEE scheme may delay takeover

SABMiller’s BEE scheme may delay takeover

26/04/2016 - 12:38
South African-based shareholders will receive more than $100m of the dividend due to be paid by SABMiller in early August if there is a delay in finalising the Anheuser-Busch InBev (AB InBev) transaction. read more
FRA pushes for companies to pay goodwill

FRA pushes for companies to pay goodwill

22/02/2016 - 09:31
Johannesburg - The Fuel Retailers Association (FRA) wanted oil companies to pay their retailers goodwill when their contracts end, FRA chief executive Reggie Sibiya said on Friday (19 Feb). read more
Overdue BEE office may open next year

Overdue BEE office may open next year

09/12/2015 - 09:53
There is still no clarity on when the office of the black economic empowerment-acting commissioner will begin functioning, three months after Trade and Industry Minister Rob Davies appointed Zodwa Ntuli to the position. read more
How many black South Africans benefit from BEE

How many black South Africans benefit from BEE

29/07/2015 - 13:16
The current system of Black Economic Empowerment (BEE) only benefits small elite, and will leave the majority of black South Africans out in the cold if an alternative is not found. read more
BEE benefiting only a few

BEE benefiting only a few

27/07/2015 - 10:03
Black Economic Empowerment (BEE) is becoming more narrow-based instead of becoming more broad-based, according to the Institute for Race Relations. read more
Raising the legal drinking age – and other proposed liquor laws

Raising the legal drinking age – and other proposed liquor laws

06/07/2015 - 09:13
Government has published proposals for changes to the national liquor policy, which could see tighter restrictions on alcohol sale in South Africa. read more
BEE rule change may hurt top firms

BEE rule change may hurt top firms

07/05/2015 - 13:07
Johannesburg - Some of the biggest companies in South Africa could fall foul of regulations and lose business after the government changed how it scores their compliance with regulations compelling them to give shares to black people.  read more
Reviving the spirit of BEE

Reviving the spirit of BEE

10/04/2015 - 09:40
On the eve of the application of the revised Broad-Based Black Economic Empowerment legislation on 1 May and its far reaching changes expected to speed up transformation, industry players look at whether BEE achieves what it set out to, and what needs to shift to facilitate true growth and participation in the SA economy.  read more
BEE rules are getting stricter

BEE rules are getting stricter

07/04/2015 - 10:51
The roll out of the updated Broad Based Black Economic Empowerment (B-BBEE) codes that will come into effect from the on the 1st of May 2015, is evidently much stricter in its scoring and implications for business owners than the older codes. read more
Business divided over industrialists scheme

Business divided over industrialists scheme

07/04/2015 - 10:37
Executive Herman Mashaba has strongly criticised government’s programme to create 100 black industrialists in the next three years, describing it as short-term and unsustainable.  read more
Black vs white ownership on the JSE

Black vs white ownership on the JSE

23/02/2015 - 09:29
New research finds that black South Africans hold at least 23% of the Top 100 companies listed on the Johannesburg Stock Exchange as at the end of 2013. read more
Four-point plan for Eskom turnaround

Four-point plan for Eskom turnaround

21/01/2015 - 15:09
Johannesburg - Deputy President Cyril Ramaphosa is correct in saying that the power crisis that originated in South Africa is not just a problem for the government, but that it affects all South Africans, AfriBusiness, a network of Afrikaans business leaders, said on Wednesday. read more
SA government offering incentives to keep whites out of jobs

SA government offering incentives to keep whites out of jobs

27/06/2014 - 15:02
Public service managers are being encouraged to keep posts vacant rather than fill them with whites, an SA Institute of Race Relations (SAIRR) consultant said in a newsletter this week. read more
New BEE codes “not just about ticking boxes”

New BEE codes “not just about ticking boxes”

11/02/2014 - 10:13
A lack of understanding of how the revised Broad-Based Black Economic Empowerment Codes of Good Practice will practically be implemented and measured within smaller companies is holding them back in their compliance efforts. read more
Concerns over revision of BEE codes

Concerns over revision of BEE codes

10/12/2012 - 08:19
Johannesburg - The SA Chamber of Commerce and Industry (Sacci) expressed concern on Thursday about revisions to the broad-based black economic empowerment (B-BBEE) codes of good practice.  read more
Massmart pledges R15m for BEE farmers

Massmart pledges R15m for BEE farmers

06/03/2012 - 09:06
Massmart would put up an investment of R15 million to attract more than 1 500 black farmers to its supply chain within the next five years, the retailer said yesterday.  read more
SA wine consumers on the rise

SA wine consumers on the rise

23/01/2012 - 10:57
Traditional stereotypes about wine in South Africa are fading as a new generation of black wine connoisseurs and producers enters the wine scene. read more
Pioneer in second phase of BEE deal

Pioneer in second phase of BEE deal

12/12/2011 - 08:48
Johannesburg - Pioneer Food Group (PFG) on Friday unveiled the second phase of its broad-based black economic empowerment (B-BBEE) deal to broaden and increase direct black ownership in the company. read more
Top retailers avoid equity BEE partners

Top retailers avoid equity BEE partners

28/11/2011 - 08:35
Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs. read more
Sekunjalo deal to speed up BEE in maritime sector

Sekunjalo deal to speed up BEE in maritime sector

25/11/2011 - 08:38
A consortium led by Sekunjalo has been awarded a five-year contract worth an estimated R1 billion by the Department of Agriculture, Forestry and Fisheries.  read more
Tiger Brands forecasts higher profits

Tiger Brands forecasts higher profits

15/11/2011 - 10:23
Branded fast-moving consumer packaged goods company Tiger Brands (TBS) said on Tuesday that it expected headline earnings per share (HEPS) to reflect an increase of between 10% and 15% for the year ended September 2011, from R13.93 previously. read more
Revamp to BEE laws on the cards

Revamp to BEE laws on the cards

15/06/2011 - 07:43
Cape Town - Trade and Industry Minister Rob Davies will soon present proposals to the cabinet for changes to the Broad-based Black Economic Empowerment Act and the refinement of the Codes of Good Practice, President Jacob Zuma said on Tuesday.  read more
Kapela Holdings buys 40% BEE stake in XON, owner of Skydirect

Kapela Holdings buys 40% BEE stake in XON, owner of Skydirect

16/05/2011 - 15:42
Privately held XON, an ICT solutions company, has concluded a BEE deal with Kapela Holdings, which gains a 40% stake in XON for an undisclosed cash amount.  read more