B2B Central

BEE

28 Jun 2021

New independent BEE players disrupt SA’s changing fuel landscape

By Staff Writer

The spate of recent closures of major refineries in South Africa, and the uncertainty over whether it’s worthwhile to lift the local refining industry up off its knees, has fundamentally changed the country’s fuel landscape.  It’s looking more than likely that in the next few years, the country will shift to an almost total dependence...
22 Apr 2021

Futuregrowth gains substantial black shareholder: Approaches >50% BEE ownership

By Staff Writer

Futuregrowth and Old Mutual Investments Holdco sign Share Sale Agreement to acquire 21.2% of Futuregrowth shares by wholly black women-owned AIH and AIH Capital.
25 Feb 2021

Training is vital for business growth

By Staff Writer

Enterprise and supplier development training; skill development training; and a range of other training models are so important for sustaining a growing business. Training is the process of increasing the knowledge and skills of the workforce to enable them to perform their jobs effectively. A process whereby an individual acquires job-related skills and knowledge. Training plays an important role in developing...
12 Nov 2019

Maitland Group South Africa is now a Level 2 B-BBEE contributor

By Janice Roberts

On 6 September Maitland was officially granted Level 2 B-BBEE contributor status, following an extensive audit. Prior to this, Maitland was a Level 4 contributor.
23 Oct 2019

The ‘TIPping’ point for economic transformation

By Janice Roberts

With an ANC 2019 election manifesto that reaffirmed its commitment to raising industrial and enterprise financing for black industrialists alongside ongoing government support for the Black Industrialists Fund, a theme of Cyril Ramaphosa’s presidency is evident.
10 Sep 2019

Alexander Forbes pushes for more emerging asset managers in SA

By Janice Roberts

Alexander Forbes Investments aims to play a catalyst role in supporting the further growth of emerging asset managers. According to our research and surveys, emerging asset managers are managing only about 10% of the estimated R6 trillion of institutional retirement assets in South Africa.
21 May 2019

Gradidge-Mahura Investments training young financial talent

By Janice Roberts

South African’s are notorious for not saving enough, at best we save about R1 out of every R10 which is why Gradidge-Mahura Investments (GMI) has taken on the challenge to change this mindset. At the helm, Craig Gradidge and Kagisho Mahura set out, over a decade ago, to break that mould, driven by their vision to improve financial...
04 Sep 2018

Sovereign Foods announces large BEE deal

By Staff Writer

Sovereign Foods, South Africa’s third largest producer and distributor of frozen, fresh and value-added poultry products, announced it has entered into an empowerment transaction with Cultiver Investments, a dynamic and well experienced black economic empowerment agricultural company.
23 May 2018

Citadel incubates a black wealth management company

By Janice Roberts

Since 1994, there has been a significant increase in net emerging wealth in South Africa, as evidenced by the ANC’s recent claim that black middle class has grown from approximately 1.7 million people to 6 million people over the past 24 years. Despite this, there remains a dearth of wealth management companies that reinvest back...
09 Jan 2018

Old Mutual receives SA Competition Commission recommendation

By Janice Roberts

Old Mutual Emerging Markets welcomes the constructive and supportive engagements with the Minister for Economic Development, his Department and the South African Competition Commission on the proposed corporate restructure taking place as part of Old Mutual plc’s managed separation strategy.
05 Sep 2017

Assets under management growth by black asset managers in SA slows in 2017

By Janice Roberts

Assets under management by black-owned asset management firms grew 1.76% from R408.3 billion in 2016 to R415.5 billion in 2017 – slower than the 32% leap from 2015’s R309.2 billion. This represents 9% of the total R4.6 trillion of assets available for management by private sector asset managers (out of a total savings pool of...
28 Jun 2017

24Fix set to become independent BEE supplier of choice to insurance industry

By Janice Roberts

Europ Assistance South Africa (“EASA”) today announced the sale of its subsidiary company 24Fix (Pty) Ltd (“24Fix”) to a Black Economic Empowerment consortium (“BEE consortium”). This deal positions 24Fix to become a preferred supplier of emergency geyser and plumbing repairs to the entire South African insurance sector.
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