The Automotive Investment Scheme (AIS) is a government initiative that aims to develop the automotive sector. The Department of Trade Industry and Competition describes it as an ambitious programme that aims to “increase plant production volumes, sustain employment and/ or strengthen the automotive value chain.”
B-BBEE fronting remains a serious problem that requires urgent and effective intervention. That’s the conclusion reached by B-BBEE Commissioner, Zodwa Ntuli. Addressing the Black Business Council Summit in 2021, Ntuli said any company found misstating their B-BBEE status should have their licence terminated. Even as
It’s not cynical to say that South Africa’s social problems present an economic crisis. It’s cynical to say that there’s nothing we can do about it. However, there’s a paradox. The need for urgent action means that we need to pause and reflect to ensure
Our children are the future. It’s the ultimate cliche. But it’s a cliche that tells the truth. Literally, the skills, resources and opportunities we provide for young people today will define our country’s success or failure in the future. It is, therefore, our responsibility to
Government plans to introduce significant amendments to B-BBEE rules in 2022. The Department of Employment and Labour says it envisions the new Employment Equity act to be implemented and enforced by March next year. On paper, the amendments may seem like a mixed bag for
A criticism of BBBEE you frequently hear in casual conversation is that it only benefits a small number of business owners. Or, more specifically, that BBBEE is too focused on ownership, privileging a relatively limited group of shareholders. While it is true that BBBEE can
Research shows that B-BBEE compliance does not increase a company’s business risk over the long term. That raises an important consideration. If meeting B-BBEE criteria doesn’t increase risk, then, from a strategic point of view, managing B-BBEE becomes less about mitigating risk and, potentially, about
All things being equal, the better a company’s BBBEE status level, the better we would expect that company to perform, right? After all, a better score enables you to take advantage of more opportunities. And yet the empirical evidence is ambiguous. Some data clearly demonstrates