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New BEE Codes and Supplier Development

Gold refinery champions upliftment through beneficiation

By: Nadine James     21st July 2017 Precious-metal smelting and refining complex Rand Refinery is committed to its socioeconomic upliftment initiatives, which are intrinsically linked to and furthered by its core aim of refining and then creating saleable gold products, or gold beneficiation, states Rand Refinery CE Praveen... 

Lack of confidence in black businesses cripples development

By: Nadine James     21st July 2017 Materials handling and alternative mining solutions expert Ncamiso Mining is expanding its presence in Welkom, where it sees strong potential to grow and support local black-owned and black economic-empowerment (BEE) entities across the various needs of their operations in the area. However,... 

Lack of confidence in black businesses cripples development
SYMBIOTIC RELATIONSHIP The sharing of knowledge and experience would prove invaluable to black-owned companies and, ultimately, benefit all the businesses in the mining sector

Charter’s BEE ‘top-up’ provision may be unconstitutional

21st July 2017 The new “top-up” provision in the latest Mining Charter gazetted on June 15, may prove to be unconstitutional and may lead to further expensive legal action by the mining industry, states Fasken Martineau partner and global mining group member Nicola Jackson. In a statement published on June 15,... 

Charter’s BEE  ‘top-up’ provision may be unconstitutional
GOVERNMENT PAYING LIP SERVICE? The controversial Mining Charter’s new procurement targets stipulate that 80% of services be performed by black economic-empowerment entities

Rapid transformation required to avoid revised Mining Charter risks

By: Sascha Solomons     15th July 2016 Companies in the mining sector will need to respond quickly to avoid the risks resulting from the impact of the revised Mining Charter on South Africa’s Broad-Based Black Economic-Empowerment (BBBEE) Codes of Good Practice. Therefore, they will need not only the services of black... 

Rapid transformation required to avoid revised Mining Charter risks
Photo by Bloomberg
EXPRESS CHANGE CRITICAL Conventional management consultants should implement sound business architecture methods to facilitate rapid business transformation

Working towards improving confidence in black-owned businesses

By: Sascha Solomons     15th July 2016 Black-owned companies servicing the mining industry are faced with challenges owing to the demand created for their services by the existing Mining Charter, which stipulates the need for black empowerment of emerging companies servicing the sector, says materials handling and hauling expert... 

Working towards improving confidence in black-owned businesses
Photo by Duane Daws
FIKILE MASHININI Mining houses have little trust in 100%-black-owned companies, which is influenced by South Africa’s political background

Fear strangling transformation, but BEE aids specialist’s growth

By: Sascha Solomons     15th July 2016 Black economic-empowerment (BEE) transformation in South Africa is not as successful as it could be, as BEE engagement is challenged by previously advantaged individuals not understanding the benefits of  growth driven transformation, including the transfer of skills to the previously... 

Fear strangling transformation, but BEE aids specialist’s growth
Photo by Duane Daws
EMBRACING BEE ENGAGEMENT Part Solutions Interactive’s restructuring includes substantial black ownership at holdings, subsidiary and associate levels

Mining Charter alignment to cement impact of new BBBEE codes

By: Leandi Kolver     17th July 2015 While the mining industry, which is regulated by the Department of Mineral Resources, has, to date, been relatively shielded from the impact of the amended Broad-based Black Economic-Empowerment (BBBEE) Codes of Good Practice published and regulated by the Department of Trade and Industry, the... 

Mining Charter alignment to cement impact of new BBBEE codes
Photo by Bloomberg
STRICTER REGULATION Suppliers in the mining industry would in future, most likely have to comply with all the elements of the revised BBBEE codes to retain a competitive recognition level

BBBEE mining supplier development faces challenges

By: Schalk Burger     17th July 2015 Supplier development of small businesses to provide services for mines – in line with the new broad-based black economic-empowerment (BBBEE) regulations – faces significant challenges, says supplier development consultancy Economic Development Solutions (EDS) MD Janine Espin. Large corporate... 

Private sector, govt should discuss BEE

By: Pimani Baloyi     17th July 2015 Black economic empowerment- (BEE-) compliant companies, the private sector and government should discuss ways in which the mining industry can ensure it creates business opportunities for reliable and effective BEE-compliant companies, says local mining pumps engineering company Turbo Tech Pumps.... 

Zimele fund already aligned with new BBBEE codes

By: Leandi Kolver     17th July 2015 Mining major Anglo American did not have to change the way its enterprise development arm Zimele functioned to adapt to the amended Broad-based Black Economic-Empowerment (BBBEE) Codes of Good Practice, which came into force in May, Zimele MD Hlonela Lupuwana tells Mining Weekly. She explains... 

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