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This article may appear counter-intuitive, given the huge amount of rhetoric and conjecture which abounds outside of workplaces where Broad Based Black Economic Empowerment (BBBEE) has been mindfully implemented. There is a huge amount of negativity which exists where BBBEE has failed to be successfully implemented, and even more fake news from owners in those companies which have failed to, or where they have simply refused to, implement any kind of BBBEE solution at all.
South Africa’s current woes are in large part a result of a large-scale breakdown in ethics (both personal and professional) and good governance practices. One only needs to look at the goings-on at Steinhoff, KPMG, Eskom, SARS and VBS Bank to see the impact that unethical behaviour, large scale looting and unchecked business practices have had on the South African economy and on South Africans, whose confidence in the leadership of this country and those in business is at an all-time low.
Every loving son ages with the same question on his mind: 'What are we going to do about my mom?' This question follows from some lessons I learned from an interview with Jason Calacanis, an American internet entrepreneur, angel investor, author and blogger and Seth Sternberg, CEO of Honor which is a business in the USA focused on private Home Care for the elderly.
Businesses are, for a large part, uninformed and risk averse towards securing IoT. Enterprise, industrial and commercial IoT is a sticking point for business, particularly in South Africa, where boards of directors and senior executives are not yet knowledgeable about the benefits. This causes them to be exceptionally averse to risk, but this is changing as younger and more informed ‘tech-savvy’ executives are being appointed to boards.
In the past 20 years, threats and incidents of terrorism have grabbed global headlines and urged nations to step up laws against not only the act but also the financing of terrorist activities. In South Africa more recently, the spotlight fell on the threat of terrorism after a spate of incidents in which alleged bombs were placed in shopping centres around Durban.
This feature takes a look at how professionalism helps to build and maintain an ethical society, one that upholds the values of honesty, integrity and dependability. It explores the role professional bodies play in setting and upholding industry standards, and how professional development assists in the maintenance of those standards. It also looks at the role business schools are playing in professional development, and what skills will be needed in the future world of work.
BBBEE Employees are not entitled. Often, they are just COMPROMISED. A major problem is developing in companies which have embraced BBBEE, where Employee Ownership or Beneficiary Trusts have been created. Employees who happen to also be BBBEE Beneficiaries, sometimes misunderstand that they are ordinary employee’s and do not have a favoured, preferred or somehow entitled status, in-comparison with other employee’s in the company.
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