A comprehensive audit of black economic empowerment (BEE) ownership deals since 2001, recently compiled by Intellidex, a consultancy, shows that R317bn, free of debt, has been transferred to black South Africans by the top 100 companies listed on the Johannesburg Stock Exchange (JSE).
IN SEPTEMBER 2013, Cyril Ramaphosa said at Wits University that starting wages in SA were higher than the relative productivity of new workers, so companies incurred a "loss" when hiring inexperienced workers. New entrants to the labour market were effectively locked out.
The long-standing propaganda campaign around a document called the “Freedom Charter” is set to reach new heights this week, with 26th June 2015 marking the 60th anniversary of the charter’s adoption.
THE government plans to do to farming what it has done to mining. In terms of legislation being processed through Parliament, all agricultural land is to be taken into the custodianship of the state "for the benefit of all South Africans".
The Government has long been trying to impose the use of national demographics in the setting of racial targets under the Employment Equity Act of 1998 (the EE Act). Now it seems quietly to have achieved this goal via the revised black economic empowerment (BEE) codes of good practice that took effect on 1st May 2015.
FEW things in the year ahead will be more fascinating than how e-tolling plays out.
Unbeknown to most people, the public has until 30th May 2015 (the end of this week) to comment on a bill that seeks to vest all agricultural land in the State as ‘custodian’ for the people of South Africa.
All three of the leading supporters of the Expropriation Bill — Radebe, Nxesi and Cronin — are leading members of the South African Communist Party. Getting this bill through Parliament will be one of their greatest coups yet.
A handful of Bills, either recently enacted or soon-to-be are floating through undiscussed, stipulating the chopping and changing ownership of long-held land as suits the government, not to mention the dabbling with mining regulations that puts the entire economy under threat. Time to wake up and join the conversation.
"Nationalism in any shape or form is a cancer that should be eliminated..."
John Kane-Berman says the ANC's NDR needs to be replaced with something completely different.
Frans Cronje says Zuma leadership has wasted no time in seeking to change South Africa’s policy trajectory.
