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09 February 2010
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New body to expedite empowerment
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Wilson Johwa
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The government is banking on the recently appointed Broad-Based Black Economic Empowerment Council to speed up implementation of its affirmative action policy. The government’s economic transformation programme has been blamed for alienating the white community, while creating new social inequalities, especially among its intended beneficiaries.
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Business Day
Friday, February 05, 2010
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| Comings & Goings ...
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Maurice Radebe
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Sasol Oil's MD has been appointed chairman of the SA Petroleum Industry Association . Before joining Sasol in 2004 he was CEO of Exel Petroleum, which has been incorporated into Sasol Oil in SA.
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Daphne Motsepe
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Motsepe is Absa's new CE for unsecured lending, Bobby Malabie is Business Bank CE, Gavin Opperman retail banking CE, Fergus Marupen group HR executive and Venete Klein corporate affairs director.
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Nkosana Moyo
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Kumba has announced the resignation of both Moyo and Philip Baum as non executive directors with effect from January 12. They have been members of the board since its inception in November 2006
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MTN to cut connection rate unilaterally
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Simon Mundy
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MTN will cut its interconnection charges on March 1 regardless of whether it receives the approval of the Independent Communications Authority of SA (Icasa) to do so, its acting chief corporate services officer, Robert Madzonga, said on Friday. He expected the other two big cellphone operators, Vodacom and Cell C, to follow suit.
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Business Day
Monday, February 08, 2010
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Mining charter ‘champion’ calls it quits
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Kgomotso Mathe
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The main architect of the mining charter, the deputy director-general of the Department of Mineral Resources, Jacinto Rocha, has quit his position. Rocha earned a reputation for being confrontational with the mining sector, and was instrumental in the formation of a state mining company and the Minerals and Petroleum Resources Development Act, aspects of which the industry took issue with.
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Business Day
Friday, February 05, 2010
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Broadcast boss vows to stick to plan
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Chris Barron
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If time management is an indicator of executive competence (and it usually is) then do not expect much from the SABC's new group CEO Solly Mokoetle. After a number of carefully scheduled appointments to interview him (at the behest of the SABC itself) were put on hold because he was doing something else, one is left with the impression that his skills in this department suck.
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Business Times
Sunday, February 07, 2010
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Winners & losers ...
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Loser: Seth Nthai
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Senior counsel Nthai has taken voluntary suspension while the Bar Council probes allegations that he offered to disclose, for a fee, details of SA's case to Italian claimants in a mining investment test case.
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Winner: Sindi Zilwa
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Founder and CE of auditors Nkonki (100% black-owned, 51% owned by women) has had the firm approved by the JSE as an accredited JSE auditor as part of her vision to win global respect for the company.
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Loser: Gwede Mantashe
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The ANC secretary-general showed little understanding of the Reserve Bank's ownership and structure in suggesting it could be nationalised. His alliance critics cheered, but the ANC quickly back-pedalled.
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(c) BDFM Publishers
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Black Economic Empowerment (“BEE”) was meant to have found itself on more certain ground with the gazetting of the Codes of Good Practice in 2007. After all the years of anticipating an end to the moving targets and constantly shifting playing fields, the South African business community had cause to celebrate the birth of a decade of BEE certainty as the Codes superseded the plethora of sector charters and corporate self regulation.
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