Tag: management control

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.

With over 13 years of working in the Broad-Based Black Economic Empowerment (B-BBEE) space, we have witnessed an evolving landscape of transformation. From verifying compliance to fostering inclusivity, his path has taken him from corporate corridors to government initiatives.

The Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) has published a notice explaining how a complaint about fronting may be lodged and how it will respond. The B-BBEE Commission recently published an explanatory notice on its fronting investigations. It may investigate fronting on its own initiative or as a result of complaints received.

A key focus of any human resources (HR) department is retaining key skills. A big part of this involves building an appealing and enabling company culture that attracts top people and keeps them in the organisation.

Since President Ramaphosa signed the Employment Equity Amendment Bill into law on 12 April 2023, there has been significant commentary - from positive to strongly negative - of the impact the amendments may have. Much of it has referred to Broad-Based Black Economic Empowerment (B-BBEE) changes when there have in fact not been any amendments in terms of B-BBEE.

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.

An interview with Safiyya Patel, Partner, Webber Wentzel, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the Broad-Based Black Economic Empowerment (B-BBEE) Commission’s latest report on empowerment trends in 2019.

The Broad-Based Black Economic Empowerment (B-BBEE) Commission’s latest report on empowerment trends in 2019 shows an increase in black ownership, but this is not necessarily reflected in management control scores. The B-BBEE Commission has released the annual B-BBEE trends report for the 2019 calendar year.

Employment Equity (EE) report submissions are now open and will run from 01 September 2019 to 15 January 2020. Failure to comply will see fines ranging from 2 – 10% of a company’s turnover. This mandatory submission is relevant to all companies with a headcount of 50 employees or more and to those with an annual turnover above the required threshold (varies per industry).