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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