Posted by: Vash Singh in Untagged on
May 04, 2010
In one of the biggest equity-equivalent deals seen in South Africa to date, Microsoft is to invest almost half-a-billion rand in the local software industry over the next seven years as part of the company's broad-based black economic empowerment (BEE) programme. The deal was announced by Microsoft South Africa’s Managing Director, Mteto Nyati and
Posted by: Vash Singh in Untagged on
Apr 06, 2010
75% of the private sector is not complying with the B-BBEE act.
The Minister of Trade and Industry Dr Rob Davies says more than 75% of the private sector is not complying with the Broad-Based Black Economic Empowerment Codes of Good Practice in terms of the baseline study that was conducted in 2008/09. Minister Davies was briefing the media on the
Posted by: Vash Singh in Untagged on
Mar 10, 2010
A mammoth task lies ahead of President Jacob Zuma's Broad- Based Black Economic Empowerment Council which was introduced to the public a week ago.
By Penwell Dlamini
A mammoth task lies ahead of President Jacob Zuma's Broad- Based Black Economic Empowerment Council which was introduced to the public a week ago.
The 19-member council was addressed by
Posted by: Vash Singh in Untagged on
Feb 09, 2010
Black economic empowerment (BEE) - a key government policy intended to redress the wrongs of the past that left South Africa's black majority economically disenfranchised - has failed. That was the message yesterday when Kgalema Motlanthe, the deputy president, delivered the inauguration speech at the first meeting of the BEE Advisory Council.
Posted by: Vash Singh in Untagged on
Feb 01, 2010
A notice in the Government Gazette published last year, confirms that from 01st February 2010 "only certificates issued by accredited Verification Agencies or Verification Agencies that are in possession of a valid pre-assessment letter from South African National Accreditation Systems (SANAS) will be valid"
Verification Agencies are accredited by
Posted by: Vash Singh in Untagged on
Jan 26, 2010
Izikhulu BEE Ratings is proud to advise that they have scored a whopping 100% compliance rating with SANAS during their 6 month post-accreditation audit in January 2010. This is an unprecedented achievement due to the highly rigorous process that a BEE verification agency must undergo to achieve and maintain their accreditation status. A zero
Posted by: Vash Singh in Untagged on
Jan 13, 2010
Vash Singh, CEO of Izikhulu BEE Ratings, was nominated by the prestigious Cape-Town based Black Business Quarterly publication for the Businesswoman of the Year category of their annual BBQ Awards held in Gallagher Estate, Midrand in December 2009. This is due to their recognition of her pioneering achievements as founder and CEO of the highly
Posted by: Vash Singh in Untagged on
Aug 08, 2009
President Jacob Zuma has announced the establishment of a training layoff scheme to assist workers and companies who are affected by the global economic slowdown.
The training layoff scheme is one of a number of measures that the government will be taking to address the economic problems that many sectors are facing.
The scheme will be launched in
Posted by: Vash Singh in Untagged on
Aug 03, 2009
Government needs to improve the implementation of Broad-Based Black Economic Empowerment (BBBEE) in South Africa's business sector, says President Jacob Zuma.
Addressing members of the Confederation of Black Business Organisations (CBBO) on July 23, President Zuma said that while government remained positive of the current BBBEE policy, much needed
Posted by: Vash Singh in Untagged on
Apr 28, 2009
A STORM is brewing around the accreditation process of black economic empowerment rating agencies - which could send the whole BEE landscape into a tailspin.
The new BEE-rating industry, which is worth more than R2 billion a year, is supposed to have been steered into steady waters after the Department of Trade and Industry (DTI) released the first
