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Good response to MTN BEE public offer

Thursday, 21 October 2010

 

Response to MTN's Zakhele black economic empowerment offer "significantly exceeded expectations", the JSE-listed telecoms company said on Thursday.

 

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Wits to open its own art museum

Wednesday, 28 April 2010
What do you do with 9 000 pieces of art? You build a 5 000m² museum and put them on glorious display, of course.

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In one of the biggest equity-equivalent deals seen in South Africa to date, Microsoft is to invest almost half-a-billion rand in the local software industry over the next seven years as part of the company's broad-based black economic empowerment (BEE) programme.


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SABMiller plans to enter into a broad-based black economic empowerment transaction, the brewing giant said on Wednesday.

The value of the deal was US$750 million (R6 billion), SABMiller said.

Participants would include SAB's employees, black-owned licensed liquor retailers and liquor licence applicants and the broader South African community through the SAB Foundation.

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The Adopt-A-Schools Foundation, which aims to improve education infrastructure in rural areas in South Africa, has been named a key beneficiary in Grindrod's R247 million Broad Based Black Economic Empowerment deal. 

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Oxford University Press Southern Africa and the Mandela Rhodes Foundation (MRF) announced a unique Black Economic Empowerment partnership on Tuesday that will benefit future generations of African scholars. 

Signed by Nelson Mandela and Oxford University Vice Chancellor Dr John Hood at the Nelson Mandela Foundation in Johannesburg, the partnership entails a 25.1% share transfer. 

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PPC in R2.7bn empowerment deal

Thursday, 28 August 2008

South African cement manufacturer PPC has unveiled a broad-based black economic empowerment transaction that will see a 15% stake in the company, presently valued at R2.7-billion, being transferred to a broad range of black shareholders.

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The Gauteng Department of Public Transport, Roads and Works has invested more than R7 billion in broad-based black economic empowerment (BBBEE) and small, medium-sized and microenterprises (SMMEs) over the last three years. 

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Vodacom has implemented a R7.5 billion broad-based Black Economic Empowerment (BEE) ownership transaction, the cellphone giant announced on Tuesday. 

The transaction is one of the largest in the South African information and communications technology industry and includes Vodacom's employees, the company's strategic black business partners as well as a share offer to the general black public.

 

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Barloworld has announced a R2.4 billion black ownership deal which will see 10% of the international industrial brand’s shares being distributed to a broad-based grouping of beneficiaries.
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South Africa's Black Economic Empowerment (BEE) initiative has been an important driver of domestic corporate activity such as mergers and acquisitions and private equity, says Moody's Investor Services.

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Pamodzi Resources today announced the acquisition of a controlling interest in new uranium company. The transaction will create South Africa’s largest black-controlled uranium company. 
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Sasol sale empowers women

Friday, 12 October 2007
Petrochemicals group Sasol announced yesterday that it had sold 20 percent of its subsidiary Sasol Mining, to a mining company controlled by black women.
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Sasol announces major BEE transaction

Monday, 10 September 2007
Sasol announced their broad-based black economic empowerment (BEE) ownership transaction today. With an estimated value of R17, 9 billion, the transaction is South Africa's largest to date.
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Mzamo Xala disavows the term "Black Diamond" conferred on members of South Africa's booming black middle class who now hold nearly a third of the country's buying power.
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BEE also means WEE

Friday, 03 August 2007
The media has done a pretty good job in informing the general South African public that Broad-based Black Economic Empowerment (B-BBEE) is about creating an environment that seeks to grow our economy with a specific focus on empowering black – that is, African, Coloured and Indian – South African citizens. However, what a lot of people don’t realise is that BEE also has a lot to do with women and encouraging their active participation in our economy.
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BEE: an economic growth strategy

Tuesday, 16 January 2007
After the Cabinet approved the Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice in December, South African businesses have been keen to understand the implications of the empowerment compliance targets.
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Understanding B-BBEE

Friday, 22 September 2006
Broad-based black economic empowerment (B-BBEE) is a progression from the old, narrow-based, black economic empowerment in that it looks more broadly than just at ownership and management. B-BBEE basically seeks to undo the economic damage of apartheid. Even though apartheid systematically excluded black people from meaningfully participating in our economy, B-BBEE is not about affirmative action, nor is it about white people giving money to black people – rather, it is a growth strategy that targets inequality within the South African economy.
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BEE business opportunities abound

Wednesday, 02 August 2006
The implementation of broad based BEE should not be regarded as an expense that can only be reaped at a later stage. “The Codes of Good Practice have provided every company with certain efficiencies and business opportunities. Unlocking these is really a matter of understanding the codes,” says BEE consultant Paul Janisch.
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More Afrikaners back AA

Thursday, 08 June 2006
The Afrikaans market has shown the most radical turnaround on affirmative action since 1994, with a 300% growth in support of the concept, research shows.
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Black economic empowerment legislation could potentially have a positive effect on stimulating entrepreneurial activity in South Africa – and with the country’s level of early stage business activity measured to be at a relatively low level in comparison with other developing nations around the world, such an effect could not come at a better time.
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SA's largest empowerment deal unveiled

Thursday, 13 October 2005
South Africa’s largest black economic empowerment (BEE) company was unveiled on Thursday by Anglo American and its subsidiary Kumba Resources when they announced the formation of a R16bn coal, heavy minerals and zinc company.
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Old Mutual and Nedcor go broad

Sunday, 02 October 2005
The BEE deal proposed this week by the Old Mutual Group has set a new benchmark for broad-based black economic empowerment, by exceeding the ownership targets set out in the Financial Sector Charter.
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Ntsiki Biyela is the new face of the wine industry and the first black female wine-maker in South Africa.
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The redistribution of the Western Cape economy through substantial and technical support to emerging black businesses will in the next ten years, be the focus of the provincial government.
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Results 1 - 25 of 27

Weekly Blog

Living spaciously in a spacious land

Author: Justin Foxton
Monday, 21 July 2014

article thumbnail The ‘Eureka’ moments of life - those moments when the clouds part and the sunshine streams through; those moments when we ‘get it’; perhaps even catch a glimpse of the eternal– are infrequent but always extraordinary. In these moments it feels like something falls into place deep within us; like we are found; like life suddenly has new clarity. Sound like I am smoking a little wacky as I write this? Would that it were that simple.
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Travel Blog

Home surfers prepare for J-Bay return

Author: -
Tuesday, 15 July 2014

article thumbnail This week will see Jeffreys Bay play host to an ASP World Championship Tour event for the first time since 2011. The J-Bay Open is the sixth of 11 stops on this year’s Association of Surfing Professionals Tour, and Jeffreys Bay is preparing to welcome some of the globe’s best surfers looking to test themselves against one of the world’s most daunting right-hand point-breaks. 
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Stories of Help

Showing Love Can Help - Heartbeat

Thursday, 19 June 2014

When Heartbeat was founded, it was estimated that by 2015 almost 6 million children would have lost one or both parents to HIV/AIDS. The overwhelming challenge of caring for orphaned and vulnerable children has placed a grave burden on communities. Heartbeat is dedicated to ease the burden on these children and provide them with material and emotional support.
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Latest Videos

Making incredible change: Nkotlana Rosey Seima at TEDxWesterfordHighSchool


As part of Mandela's birthday celebrations it would be great to get SA based positive Youth Activism on the Global map. We ask our readers to view this Tedx video and share it. If we secure 10 000 views it will be placed on the main TED site and go global.    
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Steuart as a Speaker

article thumbnailSteuart has done some 500 talks on South Africa's progress since 1994 and SA's prospects for the future' Click here to watch a 5 min action video.

Go to Products for booking info.

SA's Daily Fast Fact

41 South African beaches were awarded Blue Flags, an international indicator of high environmental standards for recreational beaches in 2013.

Over the next 36 weeks we at www.sagoodnews.co.za will be telling the stories of "Amazing South Africans" who are driven by commitment and powered by purpose, and who very often swim against the tide in their pursuit of making a difference. They are driven by significance not success, their contribution is often unacknowledged and unheralded but invariably impacts those in greatest need.

#4 Find a lift - 'Connecting like-minded people on similar routes'


article thumbnail Carpooling with online platforms is an idea that is growing fast in Europe and North America. After a car accident that changed his priorities in life, Daniel Claasssen decided to launch the concept in South Africa! This is called ‘Find a Lift’ and it can help you to save money, make new friends and reduce your environmental footprint. In the following interview, Daniel explains us how he created it in 2008, and what his next challenges are for the future. 
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A trusted knowledge network of global South Africans providing mentoring and consulting services to South African companies, entrepreneurs, and institutions seeking to fund or commercialise innovation, as well as enter, grow, and partner in worldwide markets.

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South Africa, you’ve been NekNominated

It took one South African to turn an internet frenzy into a vehicle for change. South Africa, you've been RAK nominated.

 

Corruption Watch

Report corruption when you come across it. Our global ranking on public trust of politicians is 88/142, diversion of public funds 81/142; irregular payments and bribes 48/142; favoritism in decisions of government officials 114/142; wastefulness of government spending 69/142. Do your bit, report corruption at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or sms 45142 and join thousands of South Africans who are going to rid this country of the corruption scourge

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As many of our readers, both local and international, are interested in what the job market has to offer, we have introduced a jobs portal in conjunction with  vjobs.co.za. It is our hope that this portal will meaningfully contribute to the challenges facing entrepreneurs, corporates and job seekers.

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