President Jacob Zuma asks the Black Economic Empowerment Advisory Council to advise government on how to ensure faster progress in advancing black economic empowerment.

"The truth about B-BBEE is that it is good for our national economy, companies' economy and stability of our society," writes Keith Levenstein. "But failure to communicate the right information might demotivate employees and affect production."

It?s time South Africa looks at BEE in a new light and re-ignites initiatives to support and develop high-potential entrepreneurs. This is according to Ciko Thomas, best known as the founder of the first fully black-owned BMW and Volkswagen dealerships in central Johannesburg and current marketing director at Barloworld Automotive.

AdaptIT Holdings is in its fifth month after a prestigious merger between InfoWave and Adapt-IT (Pty) Ltd. The KZN based listed company has a rich history of genuine transformation under its belt to brag about. Being in the top 20 of the most empowered companies on the JSE, Adapt IT has a few secrets to success that have enabled it to shine above the rest.

Child Welfare South Africa has been boosted with a R500 000 donation from the Foschini Group following the extension of the "16 Days of No Violence Against Women and Children' white ribbon campaign.

Jim Freeman used to think that skills development legislation was complicated - until he was introduced to the BEE Codes of Good Practice! Are you an 'exempted micro-enterprise' or a 'qualifying small enterprise'? And exactly how do you submit an application for funding to the National Skills Fund? Freeman tries to find the answers.

A United Kingdom property group in partnership with a local Black Economic Empowerment shareholding are the likely buyers of Cape Town?s Victoria and Alfred Waterfront, carrying a price tag of R7.04 billion.

In a BEE deal, Sahara Holdings has divested 27% of its shares to three shareholders: a newly established consortium, the mining and mineral resource group Mvelaphanda Holdings; the local investment consortium, Afripalm Consortium; and the Sahara Employees Trust Fund.

President Thabo Mbeki has called on black managers to aspire to be, and proclaim themselves as, emperors, if they are to rid the country of rampant poverty and gender inequality. Addressing the BMF conference he called on delegates present to lead the frontline troops in this struggle.

The tourism industry is gearing for transformation to ensure racial diversity in business ownership and development, with clear priorities outlined in this regard.



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