Tag: BEE

What if the people who built a company’s success also owned a stake in its future? Across South Africa, millions of employees work tirelessly to deliver value. Yet too often, they remain disconnected from the wealth they help create. Employee Share Ownership Plans (ESOPs) challenge this imbalance. They offer a powerful tool to align purpose with profit, ensuring that those who contribute the most are not left behind.

The final version of the revised Mining Charter 2018 were announced by Minister Mantashe, who described the new Charter as one which represents a consensus among industry stakeholders, with compromises having been made on some of the contentious aspects of the version of the Charter published for comment in June 2018.

In what can be seen as a victory for the Chamber of Mines, the High Court ruled this week that South African mining companies aren't required to top up black ownership levels if they have previously met the minimum requirements. The court case concerned the interpretation of the so-called 'once empowered always empowered' principle contained in the Original Mining Charter (2002) and the 2010 Mining Charter.

Should women empower women or is it a man's job, you may ask. Can the disempowered empower themselves? In a world that belongs to men, as James Brown once sang, women are still critical players in the creation of balance & growth. It is proven that companies with women at the helm perform better. However, when so many doors remain closed to women (African women particularly), who needs to take responsibility for changing the status quo?

Soria Hay | Head of Corporate Finance | Bravura | shay@bravura.net | http//www.bravura.net | The R600 million train blunder that broke in July 2015 is...