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broad based black economic empowermentlatest news & developments

Samsung celebrates remarkable level 1 B-BBEE accomplishment for 8th consecutive year

Highlighting Commitment that Transcends Mere Compliance – An Enduring Dedication to Meaningful Economic Transformation in South Africa Samsung has reaffirmed its commitment to…

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

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

Dialogue vs delivery: Many have criticised the National Dialogue as yet another ‘talk shop’ much like the Zondo state capture commission and the Truth and Reconciliation Commission (above). Photo: File

Hijacked: National Dialogue faces a credibility crisis

The DA claims it was proven right to boycott the dialogue after Deputy President Paul Mashatile instructed ministers to attend the convention virtually

Democratic Alliance leader John Steenhuisen. (Delwyn Verasamy/M&G)

DA slams R700m national dialogue as pricey ‘talk shop’

Several prominent foundations have withdrawn from the national dialogue citing poor planning and questionable spending

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

There has been progress since 1994. South Africa now has a black middle and upper middle class but the means of production remain largely owned by white people and black people swelling the ranks of labour. Photo: Mujahid Saofodien/AFP)

A future without broad-based BEE and affirmative action is not possible

‘The new economic dispensation should match the aspiration for economic freedom and the fulfilment of the highest ideals of our democracy.’

Influence: Several political parties have voiced concern about overreach and lack of accountability in the judiciary. Photo: Delwyn Verasamy/M&G

From empowerment to elitism: The BBBEE dilemma and constitutional tensions

Rather than relying solely on racial quotas, a model that addresses socio-economic disadvantage more broadly could better align with the Constitution’s commitment to substantive…

With its roots in the country’s post-apartheid era, broad-based BEE has been a flashpoint of debate, hailed by some as a vital tool for economic transformation and denounced by others as a flawed instrument of racial preference.

What various coalition scenarios could mean for broad-based BEE

As the political horse trading begins, the fate of the controversial policy is uncertain

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

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

The drama at Dis-Chem shows that many firms are declining to transform because they can. (Dwayne Senior/Bloomberg via Getty Images)

Enforce employment equity quotas in big companies

The drama at Dis-Chem shows that many firms are declining to transform because they can

According to the WHO, the two documents are being drafted with intentions of learning from failures in the management of the Covid-19 crisis and building upon its successes. Marco Longari/AFP

Stealthy state crimes during times of disaster

ANC cadres used the Covid-19 pandemic for self-enrichment under the guise of BBBEE

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

Eskom told Parliament’s standing committee on public accounts that it was targeting suppliers mentioned in the Zondo report

Eskom plans to streamline procurement in light of Zondo reports

‘Post state capture we’ve put in several controls on the procurement and contract management side,’ says power utility procurement executive

What empowerment? Minister of Mineral Resources Gwede Mantashe argues transformation of the mining sector has been ineffective. Although the majority of mineworkers (above) are black people, this is not reflected in mine ownership. (Madelene Cronjé)

Once empowered, always empowered: Does the mining charter judgment rule out transformation?

Given the slow pace of change in mining and other sectors, some analysts have raised concerns that the ruling will cause empowerment efforts to unravel

(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

Government policy for major tenders requires that 30% be awarded to local contractors to promote local skills development and economic opportunity. The idea behind this is well-intentioned. (Graphic: John McCann/M&G)

Rid the infrastructure spend of patronage in the post-Covid-19 reconstruction

This can be done by making the project’s 30% of the budget for local broad-based black economic empowerment a separate budget to break the feedback loop that greases the wheels…

This time seems different: A Black Lives Matter mural on a street in Brooklyn, New York, during protests against racism after the killing of George Floyd. (Photo: AFP)

Black Lives Matter: The South African economy’s unfinished business

Tshegofatso Mathe spoke to people in the South African business world about structural racism in our economy, and what must be done to overcome it

Birth of a democracy: ANC president Nelson Mandela speaking at a press conference with president FW de Klerk in 1990, the year negotiations for a new democratic constitution began. (Gallo)

Inclusion boosts the bottom line

New research shows that while South African organisations have made strides in achieving greater diversity and transformation, too many people still feel excluded in workplaces –…