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black economic empowermentlatest 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

True blue: The Democratic Alliance wants to table a bill in parliament ending broad-based black economic empowerment policy. Photo: Supplied

ANC, DA in ugly war over ‘nonsense’ BEE bill

The fallout is the latest threat to the fragile government of national unity that has frequently come to the brink of collapse over policy clashes between its two largest parties

The DA argued that the BEE policy had been created by white-owned big businesses to give shares to politically connected people in order to keep the status quo and benefit a few people.

DA urges ANC and the rest of the GNU to support its bill aimed at scrapping BEE

The Democratic Alliance is arguing that it’s in the ANC’s electoral interests to back the proposal

For the many who rightly feel abandoned by the government, and are sick of the state’s failures, the private sector stepping in to solve problems with energy, water and logistics might appear rational and necessary. (John McCann/MG)

The privatisation agenda will not save South Africa

The state has tried the neoliberalism model in various forms for 31 years, and it has not worked

Neglecting existing infrastructure generates higher long-term costs.

South Africa must revive its industrial ambitions

Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries

Skilled but no jobs: South Africa’s history of dispossession and exclusion demands purposeful intervention to build a more just and inclusive economy. Photo: Delwyn Verasamy/M&G

We need to change – not reject – black economic empowerment

South Africa’s history of dispossession and exclusion demands purposeful intervention to build a more just and inclusive economy

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

BEE is essential for economic growth

There is no factual evidence that deindustrialisation, poverty, inequality and unemployment is caused by black economic empowerment, as argued by William Gumede

The licensing of Elon Musk’s Starlink has sparked debate about whether South Africa’s black economic empowerment laws are an impediment to growth or path to an inclusive economy

Starlink raises questions about necessity and relevance of BEE laws

The licensing of Elon Musk’s Starlink has sparked debate about whether South Africa’s black economic empowerment laws are an impediment to growth or path to an inclusive economy

The Democratic Alliance (DA) has lambasted the Transformation Fund proposed by the ANC as a sophisticated mechanism of ‘looting’ and economic capture that will only benefit the politically-connected elite.
(Photo by Ihsaan Haffejee/Anadolu via Getty Images)

Transformation Fund a ‘looting scheme’, says DA

The party says it will not rubber stamp ANC policies but will use the courts if necessary

For Elon Musk, to call broad-based black economic empowerment ‘racist’ is to eat at the table apartheid set for you and complain when someone else is finally offered a chair.

Elon Musk and the irony of calling black economic empowerment racist

Beneficiaries crying oppression are eating at the table apartheid set for them — and complaining when someone else is finally offered a chair

President Cyril Ramaphosa arrived in Washington DC this week on a mission few would envy: to rescue a bilateral relationship that has descended into open hostility.
 Photo: Simon Dawson/Bloomberg/Getty Images

Ramaphosa in Washington: Charm offensive or collision course?

Ideological clashes between Cyril Ramaphosa and Donald Trump – not just tariffs or refugees – may prove the biggest threat to restoring tattered trade relations and diplomatic…

South African Communist Party general secretary Solly Mapaila

SACP will vote with the ANC in local elections, despite discontent

SACP secretary general Solly Mapaila said the party would not leave the alliance although it was unhappy with elements of it

CAPE TOWN, SOUTH AFRICA – May 6, 1990: F.W. de Klerk and Nelson Mandela during negotiations between the Apartheid government and the ANC. (Photo by Gallo Images via Getty Images/ Sunday Times)

A new GNU: South Africa’s first democratic election and the evolution of power sharing in the ANC

The majority of 1994’s voters recognised the GNU script because they co-authored it, and were assured of explanations if deviations were unavoidable

Photo: Laird Forbes/Gallo Images

Report urges state to cut BEE premium to reduce VAT

A report suggests that government could save R150 billion in wasteful expenditure if it stopped overpaying its contractors

Tank pipework onboard the Karmol LNGT Powership Asia floating storage and regasification unit (FSRU), operated by Karpowership, viewed from the ship’s bridge whilst docked at Cape Town port in Cape Town, South Africa. Photographer: Dwayne Senior/Bloomberg via Getty Images

Karpowership: ‘State capture on steroids’ deal unearthed

Battle between Karadeniz and its partners shows what seems to be a plan to trade influence and deals to get Karpowership permits and benefit businesswoman Anna Mokgokong

Public Enterprises Minister Pravin Gordhan. (Gulshan Khan/AFP)

The Fiscal Cliff | State-owned entities: A war zone between political and economic elites

The corporatisation of SOEs has disempowered the South African public and benefited corporate power and private finance

Most South Africans agree that the country is in a mess and that the ANC must go if there is to be any chance of a second building of a new South Africa.

A different, better South Africa needs more than just blaming the ANC

We need to begin any analysis with the realisation that capitalism has few winners

(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

Harnessing women’s economic power can boost SA economy and create jobs

Given equal opportunities, female entrepreneurs can add enormous value to our economy.