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ARTICLES RELATING TO: BEE

Economy

SA's black wealth accumulation crisis

Apr 29 2012 10:59

As South Africa celebrates its 18th anniversary as a democracy, wealth accumulation continues to elude blacks, who make up about 90% of the population.

Industrial

Transnet appoints BEE auditors

Feb 20 2012 11:11

Transnet has appointed SizweNtsalubaGobodo as its external auditor as part of state objectives to transformation and skills development, says minister Malusi Gigaba.

ICT

Net1 seals BEE deal

Jan 26 2012 16:43

Net1, whose subsidiary distributes social grants, says it has agreed to issue about a fifth of its shares to a black empowerment consortium.

Mining

BHP coal arm, Nhleko in BEE deal

Dec 13 2011 14:16

BHP Billiton's SA coal unit is to sell an 8% stake to a black-owned consortium led by the Pembani Group, which is chaired by Phutuma Nhleko.

Economy

Government unveils new BEE products

Dec 07 2011 10:46

Trade and Industry Minister Rob Davies says power pylons, rail rolling stock and buses are among products classified under preferential procurement regulations.

Mining

Kumba employees to reap big payout

Nov 29 2011 14:21

Kumba Iron Ore says over 6 000 workers will be paid more than R500 000 each as part of an empowerment plan.

Entrepreneurs

SMMEs lose faith in finance houses

Nov 27 2011 12:15

Of emerging entrepreneurs, 60% have lost faith in banks and government-owned finance houses, opting to finance small businesses from their own pockets, a study shows.

Economy

Guilty firms to be fined for fronting

Nov 24 2011 13:48

Under proposed new laws, firms found misrepresenting their black empowerment credentials could be fined between 2% and 10% of their turnover.

Mining

Num contests miners' BEE figures

Nov 24 2011 13:28

The National Union of Mineworkers says the Chamber of Mines figure of more than 26% black ownership in the industry is untrue.

Economy

BMF slates BEE Advisory Council

Nov 18 2011 12:20

The Advisory Council on black economic empowerment is toothless and should become a chapter nine body, says the Black Management Forum.

Mining

Wesizwe to probe Ngculu bonanza

Mar 27 2011 09:13

Wesizwe Platinum is to investigate whether an ANC politician should benefit from a trust intended to prevent the firm from losing its black shareholding.

Economy

Stalled financial charter irks Nafcoc

Mar 16 2011 16:44

The National African Federated Chamber of Commerce and Industry says progress on the financial sector charter has been "dismal".

Property

'Equity vital in property sector'

Mar 11 2011 14:12

With only 6% of estate agencies in SA owned by blacks, transformation of the industry is crucial, Estate Agency Affairs Board chairperson Thami Bolani says.

ICT

Altech units get BEE partner

Mar 09 2011 12:27

Three of Altech's subsidiaries have finalised an empowerment deal with Southern Palace.

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Company Snapshot

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It pays to know the cost and what you’re getting in return

May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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Under pressure

Aug 04 2011 00:00

There are more than a few investors who have long regarded platinum as the “default option” when it comes to investing in South African mining stock. We’d beg to differ. More...