Tag: Broad-Based Black Economic Empowerment (B-BBEE)

The Minister has gazetted new Preferential Procurement Regulations. This has a fundamental impact on how the tenders your business submits will be evaluated. In 2017, the Minister of Finance issued detailed Preferential Procurement Regulations in terms of the Preferential Procurement Policy Framework Act (Number 5 of 2000).

The Broad-Based Black Economic Empowerment (B-BBEE) Commission’s latest report on empowerment trends shows a decrease in overall black ownership, as well as in black women ownership. The B-BBEE Commission has released its annual trends report for the 2021 calendar year.

The Financial Sector Conduct Authority (FSCA) wishes to usurp the Broad-Based Black Economic Empowerment (B-BBEE) role of the Minister of Trade and Industry, to make missing a transformation target an offence, and to make the Sector serve two masters (continued from PART 1).

The Financial Sector Conduct Authority (FSCA) wishes to usurp the Broad-Based Black Economic Empowerment (B-BBEE) role of the Minister of Trade and Industry, to make missing a transformation target an offence, and to make the Sector serve two masters. Yet it fails to produce even a basic Impact Assessment.

With the right investments by state finance institutions supported by private investors, SA could achieve more meaningful and scalable impact. In a recent interview I was asked what my view is on economic transformation within the context of empowerment financing or investment in Broad-Based Black Economic Empowerment (B-BBEE) transactions and companies.

At its origin, Broad Based Black Economic Empowerment (BBBEE) was intended to fulfil several critical objectives linked to transformation in the workplace, stemming from the immensely negative impact that Apartheid had wreaked on Black Civil Society in South Africa.

Read our exclusive cover story titled BBBEE & OWNERSHIP - WHO HAS CAPTURED & CORRUPTED IT FROM ITS ORIGINAL INTENT? by Dr Ivor Blumenthal, CEO, ArkKonsult, as well a host of other topical management articles written by professionals, consultants and academics in the June/July 2022 edition of BusinessBrief.

The ZA Domain Name Authority (ZADNA) has published draft rules aimed at further regulating the registration and operation of websites in South Africa. For local hosting companies that offer domain name registrations and registrar services, additional license conditions and fees payable via the registry may impact their ability to offer competitive pricing.

When the Broad-Based Black Economic Empowerment (B-BBEE) Act was introduced in 2003, the goal was to meet specific economic transformation goals by creating an environment where more black persons could be part of the ownership, management, procurement, and skills development process to drive socio-economic development.

Broad-Based Black Economic Empowerment (B-BBEE) funded bursaries are the answer to South Africa’s staggering youth unemployment rate. How can we fix youth unemployment in South Africa? One of the greatest challenges we face, has been called a ticking time bomb on more than one occasion.