"White South Africans love to bash affirmative action. With a lot of the bashing being based on false information, we thought we would take a closer look" writes Nic Andersen in The South African.
The Department of Trade and Industry (the dti) will create a project management unit that will drive the implementation of the recommendations of the inaugural two-day Broad-Based Black Economic Empowerment (B-BBEE) Rural and Township Economy Summit that ended in East London today.
Addressing a Gordon Institute of Business Science forum on innovation and broad-based black economic empowerment, Executive chairperson of Zungu Investments and member of the president’s black economic empowerment advisory council, Sandile Zungu said the introduction of the final regulations to the Broad-Based Black Economic Empowerment (B-BBEE) Act in June 2016 signalled a shift in Black Economic Empowerment.
Businessman Sandile Zungu has warned that big corporates are using community trusts as a sophisticated new way of fronting in BEE deals.
Zungu serves on the president’s Advisory Council on broad-based BEE (BBBEE), as well as on the Brics Forum, incorporating the five emerging economies of Brazil, Russia, India, China and South Africa.
Qoheleth, in the 12th verse of the fourth chapter of Ecclesiastes, a wisdom literature book in the Holy Writ, reminds us: “Though one may be overpowered, two can defend themselves. A cord of three strands is not easily broken.”
I thought of this archaic sacred text as I began to crystallise the reasons for Johann Rupert’s arrogance.