Cape Town – Black participation in South Africa’s stockbroking industry was less than 2 percent and much more needed to be done to bring about transformation in the industry, the Association of Black Securities and Investment Professionals (Absip) president Sibongiseni Mbatha said on Thursday.Black stockbroking firms made up 1.5 percent of the industry in 2015 […]

THE Department of Mineral Resources is working to find an out-of-court settlement with the Chamber of Mines on the question of the “once empowered always empowered” principle in the Mining Charter. Deliberations were at an advanced stage and were based on the injunction by President Jacob Zuma to the department to find a solution outside […]

Ajay Lalu, Managing Director of Black Lite Consulting was interviewed on CNBC Africa and shares his thoughts on the progress that Women’s’ Empowerment Groups have made on the eve of Women’s Development Bank (“WDB”) celebrating their 25th year anniversary. The Women’s Development Bank, a women-led black empowerment group focused mainly on lifting rural women out […]

The Broad-Based Black Economic Empowerment (Broad-Based BEE) Commission established in April has already received about 100 complaints about fronting and other abuses, some of which commissioner Zodwa Ntuli has found “traumatising”. Most of the 95 complaints are from shareholders — most often employees — who were allocated significant shareholdings in order for the companies to […]

Gauteng premier David Makhura says the open tender process that the province piloted in 2014 should not be seen as an impediment to black economic empowerment. “One of the issues to come to the fore in the debate on the open tender process, is that public scrutiny and citizen involvement should not be at the […]

Cape Town – Radical economic transformation shouldn’t just be a slogan, but it needs to get to the root of poverty and inequality in South Africa, Finance Minister Pravin Gordhan said on Wednesday. Briefing the media ahead of his 2017 Budget Speech, Gordhan said whether one calls it radical economic transformation, or transformation, or inclusive […]