The Airports Company of SA (ACSA) went out of its way to attract private investors 20 years ago, promising privatisation and an Initial Public Offering for those who took the bait. Twenty years later, it's an entirely different story. Minorities say they are economic hostages to a company and its major shareholder (the government) that refuses to buy them out for what their shares are worth.
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Black Economic Empowerment (BEE) has morphed into something more oppressive than even the original architects of affirmative action could have imagined. In this book, BEE: Helping or Hurting, author Anthea Jeffery dissects some of the crazy laws being shaped under the umbrella of BEE.
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The Department of Trade and Industry is likely to miss the target for the implementation of new BEE Codes scheduled for May 2015. This could result in those companies with a turnover of more than R10 million becoming non-compliant when evaluated.
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The revised Broad-Based Black Economic Empowerment (B-BEEE) codes represent both a threat and an opportunity for companies. In this article, the first in a series, Jako Liebenberg and Arnold Cornelissen show how it is possible to improve your B-BEEE rating at minimal cost.
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Jako Liebenberg walks us through the steps of putting together a Black Economic Empowerment deal. Requirements in terms of BEE legislation have changed, and anyone planning a business deal going forward had better know the ABCs of BEE.
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New black economic empowerment requirements are sowing confusion in the mining industry, with some companies being threatened with cancelled contracts due to non-compliance, says Jako Liebenberg.
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Recent changes to the Broad-Based Black Economic Empowerment Codes of Good Practice pose a major challenge to the way South African companies must conduct business. Jako Liebenberg explains how.
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As Trade and Industry minister Rob Davies unveils the new-look Codes of Good Practice aimed at accelerting black economic empowerment (BEE), Mark Barnes argues that a complete overhaul of the system is required.
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South Africa's black middle class has more than doubled over the last eight years, growing from 1.7 million South Africans in 2004 to an estimated 4.2 million in 2012, due in large measure to tranaformation measures introduced by the government, said President Jacob Zuma at the recent B-BBEE Summit in Midrand.
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Walter Williams says white progressives' attempts to help black people by way of quotas and special favours is only creating dependency on handouts, and we all know how that ends.
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John Kane-Berman of the Institute of Race Relations says the reiteration of failed race policies in the National Development Plan and the amended Broad Based Black Economic Empowerment (BBBEE) is nothing short of madness.
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When asked to attend diversity and sexual harassment training at the university where he has taught for more than 30 years, Walter Williams kindly disobliged. He has happily practised discrimination throughout his working life, commencing with the selection of a woman to marry.
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Just when you thought you were getting on top of the ever-changing rules for black economic empowerment, the deck has been shuffled once again and new Codes of Good Practice have been published for comment. Jako Liebenberg explains what all this means.
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