Category

BBBEE
The first graduates of the Professional Grooms Certificate. Majority of these grooms are now members of a groom’s co-operative. Enlightened BEE initiative puts stud farm grooms in the running for success Members of the Thoroughbred breeding community are leading the charge towards farm worker upliftment with an innovative Black Economic Empowerment (BEE) initiative that provides...
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President Jacob Zuma is misleading South Africans by claiming that black South Africans own only 3% of the listed share capital on the Johannesburg Stock Exchange (JSE) and, in making such a claim, is fuelling racial tension, trade union Solidarity said today. Zuma made this statement during his speech following the parliamentary debate on his state of...
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Trade union Solidarity’s campaign to challenge the government’s implementation of affirmative action at the United Nations has gained momentum following the South African government’s submission of a report on the elimination of racial discrimination in South Africa to the United Nations. The report was submitted eight years after the deadline. The submission of the report...
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THE Coega Development Corporation (CDC) announced last week that it handed over certificates to 200 Small Macro Medium Enterprises (SMMEs) who took part in the Black Economic Empowerment Competitiveness Improvement Programme (BEECIP). An initiative identified as a game changer in improving competitive levels of SMMEs. The programme is premised on accelerating transformation in various sectors...
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FNB Business has announced a partnership with Empowerdex to process applications for Black Economic Empowerment (BEE) certificates through the Bank’s online banking channel. The online application process is quick, easy and requires that the applicant has all the necessary documentation. Sanjeev Orie, CEO of Value-Adds at FNB Business says, “This is an exciting development because...
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Written by Julie Cunningham Response to MTN’s Zakhele black economic empowerment offer “significantly exceeded expectations”, the JSE-listed telecoms company said on Thursday. “The offer was more than 1.7 times subscribed and raised approximately R2.8 billion from more than 124,000 applicants from across the country,” group president and CEO Phuthuma Nhleko said in a statement. The...
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Written by Julie Cunningham Getty ImagesIn 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. The deal was announced by Microsoft South Africa’s Managing...
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What do you do with 9 000 pieces of art? You build a 5 000m² museum and put them on glorious display, of course. This is exactly what Wits University is doing, in a dream come true for the custodians of this extraordinary art collection. That dream has been in the making since 2005 and...
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Written by Lindy Mtongana Images by Gallo Announced on Monday, the empowerment transaction will see Grindrod South Africa, a Durban-based logistics and shipping company, issue 25% plus 1 share of its operations to the Adopt-A-Schools Foundation (10%) and Calulo Petrochemicals(15%), a black-owned oil and chemicals company. The transaction forms part of Grindrod SA’s commitment to...
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Written by Lindy Mtongana The deal will result in Barloworld South Africa achieving black ownership of 28.99%. In a statement released on Thursday, Barloworld stated that the deal will see strategic black partners hold 5.88% of the shares, while 2.39% will go to company employees, 0.78% to an educational trust and 0.95% being issued to...
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Steuart as a Speaker

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Steuart has done some 500 talks on South Africa's progress since 1994 and SA's prospects for the future'