Mail & Guardian
Mail & Guardian
b bbeelatest news & developments

Black Business Council accuses top law firms of resisting transformation over Legal Sector Code challenge

A legal battle over South Africa’s Legal Sector Code has reignited debate over transformation, ownership targets and procurement rules in the legal profession

Cape Flats to the JSE author Phakamisa Ndzamela in conversation with former Brimstone executive Lawrie Brozin

Cape Flats to the JSE: New book challenges narrow narrative of B-BBEE

A new book on Brimstone’s rise challenges dominant views of B-BBEE, offering a detailed account of black business history, risk and ownership in South Africa

Linkman: Bongani Miya (inset) was allegedly instrumental in getting TLWI onboard but he now curiously
defers specific questions to his employer. Photos: File/IDC

How IDC breached own governance

Powerful executive and dismissed employee were central players in the funding of dodgy BEE consortium

The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

Deputy Minister of Planning, Monitoring and Evaluation Joel Mohai. Photo: Government of South Africa

Broad-based BEE is not optional, says deputy minister Joel Mohai

Officials said that while black empowerment faced implementation challenges, it remained central to government’s economic inclusion objectives

Around the world, women continue to face structural barriers in accessing justice systems that are often expensive, complex, slow and, at times, retraumatising

Business Unity SA takes labour department to court over employment equity targets

The organisation has criticised the way the Act was devised and says it risks damaging the economy

Any discussion about black economic empowerment must weigh up its benefits, addressing historical injustices and the costs of not transforming the economy. Photo: File

Beyond the balance sheet: Costs and benefits of broad-based BEE

Any discussion about the policy must weigh up addressing historical injustices, its measurable and intangible benefits, and the costs of not transforming the economy

Graphic: John McCann

Effective implementation crucial to the success of public procurement legislation

Centralised oversight may lead to more standardised procurement practices, reducing discrepancies and promoting fairness, but it also carries risks

Nedbank returns as platinum partner for the annual Top Empowerment Conference, marking 30 years of democracy

Attendees will gain valuable insights and strategies for driving empowerment and transformation

Joel Emmanuel, Managing Director of Eruditio, specialist Transformation Strategy and Implementation Partners

Transformation strategies strengthen company performance, build the economy, and deliver social impact

Eruditio helps companies to create transformation strategies that deliver optimal business benefits – and the desired socioeconomic impact

(Getty Images)

The ANC’s reinvigorated obsession with quotas will be the death knell for our ailing economy

Redistributive policies to reduce racial inequality should focus on achieving equality of opportunity, which can only be done by fixing our disastrous education system

Hlubi Shivanda, Director of Business Operations and Innovation and Corporate Affairs at Samsung South Africa

Samsung’s continued investment in South Africa contributes to Level-1 B-BBEE Status for 5th consecutive year

The company has embarked on many empowerment, entrepreneurial and skills-based projects in the ICT sector

Since its establishment in 2020, the Spaza-shop Support Programme has funded more than 6 000 small businesses around the country but many shop owners have bemoaned the poor communication around the scheme. Photo: Supplied

South Africans need to believe in broad-based black economic empowerment again

Implemented correctly, B-BBEE could shift the economy into a positive direction in as little as three to five years

True mentorship is not about hierarchy. It’s about co-creation. Photo: File

Is B-BBEE an anchor for democracy?

Empowering the poor should be what underlies every debate and policy adopted in South Africa

(John McCann/M&G)

The economy is the engine of reconciliation, and B-BBEE is the engine of transformation

The advent of democracy in 1994 merely created the conditions for transformation to begin

Analyses of racialised disparities in both labour and product markets illustrate the need for strengthened economic redress. Photo: Delwyn Verasamy/M&G

Getting post-Covid recovery right

Existing requirements for infrastructure spending, that require 30% of the budget to be spent on local small businesses, incentivises failure. Better to split the budgets and let…