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Monthly Archives: October 2016

17 Oct 2016

Preaching to the Converted

By: Candice Kern-Thomas Transformation like racism is not a black problem but a white one. So why is it that when dialogue on transformation takes place it is black people talking to each other rather than black and white conversing in an attempt to find joint solutions. Recently the Black Business Council (BBC) hosted a conference to deliberate on South Africa’s corporate nemesis: Transformation. If one wanted to rev up the temperature in corporate circles in South Africa, the mere […]

17 Oct 2016

BEE fronting cases quick to hit commission Copy

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 achieve a high level of empowerment in terms of the codes of good practice. Subsequently, they were sidelined, denied access to financial information, not informed […]