BEE

Parliamentarians are worried about the lack of transformation in the marketing sector and there have been calls for public hearings into the issue.

The Umsobomvu Youth Fund says it has financed over 1 200 young South African entrepreneurs, through enterprise funding, to the tune of R100 million over a period of 15 months.

Making BEE work for a company is not easy and requires a comprehensive strategy. Primedia Out of Home Chair, Steve Ratlou explains how his company is dealing with this crucial issue.

Water Affairs and Forestry Minister Buyelwa Sonjica says government needs to ensure that forestry contributed to strengthening the economy among rural communities.

The mainstream cosmetics industry has begun the process of developing a self-driven Black Economic Empowerment Plan, which is set to include the majority of black firms into the sector.

Science and Technology Minister Mosibudi Mangena says there is a need to nurture a new generation of scientists consisting of black and female researchers.

The business wing of the North West taxi industry Bokone Transport Holdings (BTH) says the deal it clinched with fuel giant Caltex is a significant move for Black Economic Empowerment in the province.

Government has expressed confidence that the intended commencement date of the Information and Communication Technology Empowerment Charter will be achieved.

Democractic Alliance spokesperson on Trade and Industry Enyinna Nkem-Abonta has hit out at the individuals who keep on turning up in BEE deals, and proposes another route to ensure empowerment.

Government says it is on the verge of finalising the much-awaited Black Economic Empowerment (BEE) Advisory Council and the related Code of Good Practice.

The National Treasury has released a Code of Good Practice for BEE in Public Private Partnerships.

Agricultural stakeholders will be offered a platform to express their grievances and comments and make submissions leading to the final report on Black Economic Empowerment (BEE) within the Agricultural sector.

Agriculture and Land Affairs Minister Thoko Didiza will launch a framework to guide Black Economic Empowerment (BEE) within the agricultural sector in the Eastern Cape.

Super Group announced this week that an empowerment transaction has taken place with PEU Investment (Pty) Ltd. PEU has acquired an equity holding of 25.1% in Super Group that will result in strengthening Super Group's market position in its key business areas.

The Dti expect that empowerment charters for the information technology, transport, construction, agriculture and wine sectors will be completed by the end of the year.

Hosken Consolidated Investments, a leading black empowerment company has acquired a 30.1% equity stake in Isilumko Staffing; owners of the Studentwise staffing business.

Minerals and Energy Minister Phumzile Mlambo-Ngcuka has expressed relief that various mining stakeholders have reached consensus on empowerment within the sector following months of intense debate and confusion around the issue.

Delegates at a BEE conference heard that empowerment is a crucial issue for all businesses and a necessity to get the South African economy moving.

Transformation and black economic empowerment have been put at the top of the agenda in the marketing industry, with the launch of a major research project by the Marketing Federation of SA.

Mpumalanga Premier Thabang Makwetla says his government would ensure that people wishing to start and sustain small business have access to credit through dedicated funding for micro-loan financing.

Creda recently got into shape with the empowerment of its staff, adding the muscle it needed, with a commendable "B" rating in the Empowerdex Audit.

Cabinet has welcomed the International Investment Council (IIC) confidence in the policies pursued by government to take South Africa onto a higher economic growth and development path.

Government will establish as a matter of urgency a Black Economic Empowerment (BEE) Advisory Council to ensure the implementation of targets in line with the BEE legislation.

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