Tag: Enterprise Development
Skills development initiatives for SED
In South Africa, businesses are required to contribute to the social and economic development (SED) by the Broad-Based Black Economic Empowerment (B-BBEE) Act of 2003. This legislation stipulates the assessment of SED performance through a scorecard covering enterprise development, skills training, job creation, socio-economic projects, and preferential procurement.
Transforming youth employability through innovation
As South Africa continues to grapple with its massive youth (15-34 years) unemployment rate of 4.7 million individuals (Q4 2023), there is a critical need for innovative approaches to skills development and employability. I view learnerships as an excellent platform for creative training methodologies thereby, paving the way for a more agile and adaptable workforce.
Samsung retains Level-1 B-BBEE ranking for 6 successive years
Samsung has retained its Level-1 B-BBEE status for six (6) years in succession. This is a true testament of Samsung’s 30-year commitment and the positive impact its continuous investment has had, to the country’s transformation agenda.
Defining the “talent shortage” problem so we can solve it
It’s fair to say that in human resources (HR) circles there is something of a panic around talent. Between “quiet quitting”, the great resignation, and the general disruption to the workplace caused by COVID-19, HR practitioners find themselves grappling with how to attract, develop and retain talent, and there is much handwringing about the so-called talent shortage.
Future food security – sustainable & efficient manufacturing is key
The agricultural sector is vital for the growth of our nation. Despite South Africa’s massive agricultural potential, we do not have enough local production to meet local demand, relying on importers to fill this gap.
The risks around B-BBEE fronting practices
Even with South Africa almost 30 years into its democracy, Broad-Based Black Economic Empowerment (B-BBEE) 'Fronting Practice' is still a widespread practice that significantly undermines the creation of a more equal and prosperous South African society.
A little foresight goes a long way – the predictive view...
As CFOs take on a more strategic role, other functions are increasingly looking to finance for near real-time and more accurate forecast reporting to make more informed business decisions. Although historical reporting remains relevant, organisations are looking to the finance role for instant guidance amid changing market dynamics.
Practical tips for young entrepreneurs setting out to build a business
Global Entrepreneurship Week celebrated entrepreneurs and aims to inspire more young people to make their mark in society. It's a timely reminder that we need to support youth entrepreneurship in South Africa to address our unemployment crisis and catalyse economic growth.
JUDGEMENT | Key consequences of the Mining Charter III
There are key consequences of the Gauteng Division of the High Court's decision in Minerals Council of South Africa v The Minister of Mineral Resources and Energy and Thirteen Others (Case No. 20341/19) (Mining Charter III Judgment).
The resilience and posture of black business
South Africa is limp wristed from unclear definitions and objectives that are used at different moments to drive ambiguous agendas. South Africa lacks a clear definition for transformation, and thus every other organ of change abdicates their role in shaping the country in a progressive direction.