Black economic empowerment in South Africa

Targeting more black accountants

The newly gazetted black empowerment charter for the chartered accountancy profession aims to tackle South Africa's skills shortage by growing the number of black accountants in the country.

Absa, IDC boost for taxi industry

In a first-of-its-kind deal, banking group Absa has teamed up with the Industrial Development Corporation to provide up to R300-million in funding to emerging taxi operators and black entrepreneurs wanting to enter the industry.

Shanduka boost for entrepreneurs

The Shanduka Group is giving enterprising black entrepreneurs a R5.2-million boost through the Black Umbrellas programme, which provides office space, computers, internet, telephones, vehicles with drivers, bookkeeping and mentorship for a monthly fee of R1 000.

Tiger Brands unveils second BEE deal

South African consumer goods company Tiger Brands has announced a second black economic empowerment deal, under which it will sell a 10% stake in the company, worth about R2.8-billion, to strategic black partners, black managers and staff, and two trusts.

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Overview: black economic empowerment

What is BEE?

A moral initiative to redress the wrongs of the past – as well as a pragmatic strategy to realise South Africa's full economic potential.

National Empowerment Fund

Boosting black entrepreneurs

The National Empowerment Fund, set up to provide capital for BEE transactions, has invested almost R700-million in black entrepreneurs.

Economic development in South Africa

Economic development

Jobs, skills, urban and rural regeneration, government-business partnerships.

New business development in South Africa

New business development

New markets, trends in small business - and opportunities in unexpected places.

Alive with Possibility Stories

Community builders,

social innovators, everyday heroes, trailblazers ... Across South Africa, individuals and organisations are building a country that's Alive with Possibility.

South African business update

Business update

South African finance and economy news.