Tag: economic transformation

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.

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.

Unemployment rates in and around mining communities increase annually, with limited new job opportunities emerging. Enterprise and Supplier Development (ESD) is of national importance and can unlock significant organisational value.

Footprints is a captivating story about intellectual property (IP). It speaks to its role in society, trade, industry, and economy and expounds on the actual meaning of IP. The book lays a solid foundation for innovators, entrepreneurs, businesses, and nations to realise their full potential through IP policy, legislation, use and practices.

Literacy, the ability to read and to write, enables prosperity. Yet at least 773 million young people and adults lack basic literacy skills. As technology evolves, users who lack the foundation of learning and education will not reap the benefits of the ongoing digital transformation.

We have noted the ruling by the Supreme Court of Appeal (SCA) that declared the PPPFA Regulations of 2017 invalid and confirm that the ruling has no effect on the B-BBEE Act, as amended, and its requirements. The B-BBEE Act permits organs of state or public entities to set B-BBEE qualification criteria for procurement and other economic activities and to exceed the criteria set in the Codes of Good Practice through section 9 (6) of the B-BBEE Act.

The middle class broadly has been a high level, vigorous and academic marathon in defining and diagnosing. The middle class has always been viewed as the creation of a capitalistic system, leading to defining society in terms of class and wealth.

Minister of Finance Tito Mboweni will deliver his 2020 budget speech today. South Africa enters a new decade with a growth forecast of only 0.7% (according to ratings agency Moody’s).

In a general South African sense, the word 'transformation' has taken on an important, but perhaps singular and distinctive meaning. To be of real economic value to the nation as a whole, transformation needs to be inclusive across a broad range of South African society.