In 2003, the Broad-Based Black Economic Empowerment Act 53 of 2003 (BEE) was introduced to address the inequalities suffered by black South Africans as a result of apartheid. It was initially created to ensure an inclusive economy – but corruption is forfeiting the purpose. Sakeliga has won a series of court cases against unfair BEE practices in the past. The firm’s CEO, Piet Le Roux, joined the BizNews Power Hour to discuss Sakeliga’s most recent case against unfair BEE practices, saying, “We must judge tenders by whether they serve the end-user and not by how much profit can be made”.
Sakeliga CEO Piet le Roux on BEE procurement and the progress Sakeliga has made:
Freshfields Bruckhaus Deringer LLP advised the Reatile Consortium on the deal. Reatile Group Proprietary Limited (“Reatile Group”) and the IDEAS Fund, managed by African Infrastructure Investment …
The Karpowership-SA business model in ownership is compelling for BEE
By Opinion
Clyde N. S. Ramalaine
OPINION - Antonio Gramsci, the Italian philosopher, introduced us to the construct of an interregnum, in which he identifies societies periodically in crisis.
The crisis consists of the fact that the old is dying and the new cannot be born; in this interregnum, many morbid symptoms appear. It would be no understatement to assert South Africa details a multiplicity of crises.
Among others, since late 2007, SA evidence a nation in an energy crisis with the phenomenon of load-shedding increasingly becoming the order of the day.
The current collision between the ‘two ANCs’ is a clash between the provincial ‘homeland’ mentality of the RET faction versus the impulses of Cyril Ramaphosa’s modernisation faction. To win back voter trust and support the ANC will need to adapt to being an open and transparent politi.