Mail & Guardian B-BBEE for transformation
The latest 2018 figures from Statistics South Africa show that unemployment in South Africa rose to 27.5% in the 3rd quarter from 27.2% in the 2nd quarter, and 26.7% in the 1st quarter. The majority of these unemployed people are black and young South Africans.
Figures on the state of transformation for 2017 released by the B-BBEE Commission indicates that there is a regression from 32.75% to 27% black ownership of JSE-listed companies. In addition, on average, companies are also not meeting 50% of the targets for management control, skills development, and enterprise and supplier development.
It is clear that the inequality gap and economic disparities in South Africa (SA) continue, with little prospect of real and meaningful employment growth. Therefore, it is irrefutable that the pace of transformation needs to be accelerated across all aspects of SA business.
Aligned with above, the South African Department of Trade and Industry (DTI) made numerous amendments to the B-BBEE Codes to signify the government’s further drive to achieve ‘radical economic transformation’. This is by providing black people with more access to opportunities, ownership and control in SA businesses.
It is challenging for any organisation to navigate the B-BBEE landscape, let alone in current recession climate, when it is hard enough just keeping the business above water.
In this regard, Mail & Guardian (M&G) will bring together government, private and public sectors, professionals, consultants, legal, academia and civil society. The event provides a platform to engage, unpack the new B-BBEE amendments, implications, challenges and discuss strategies and solutions to promote transformation in SA.
For more information and to book seat/s, email [email protected] or call Tel 11 250 7300
- What are the policy updates on B-BBEE for real economic transformation and role of private and public sector?
- How to get up to speed in understanding the purpose, rules and guiding principles behind the amended B-BEE Codes of Good Practice?
- Latest trends in structuring successful, innovative BEE deals and lessons learned
- Vodacom and YeboYethu – significance of the largest BEE deal in ICT sector to drive transformation
- Governance and fronting considerations in the structuring and implementation of BEE transactions
- What about the revamped Mining Charter with prescriptions for black ownership? How can the industry address the concerns and will the new environment be investment-friendly?
- What are the benefits of the enhance recognition for Youth Employment Services (Y.E.S) initiative?
- How to develop and implement sustainable enterprise and supplier development (ESD) practices successfully?
- Do the new BEE laws come at a cost and what is the impact on SMEs?
- Does ownership actually disincentivise large organisations?
- Employee shareholding scheme and racial exclusion i.e. Sasol
- Effective BEE-aligned training and upskilling to propel transformation in SA
- Leading transformation successfully – effective strategies and achieving targets
- Getting empowerment right and achieving a win-win transformation
- What are the measures to avoid penalties imposed by the B-BBEE Commission for non-compliance?
- How can a business participate in transformation and adequately drive SA’s socio-economic imperatives?
- Lionel October, Director-General, Department of Trade & Industry (DTI)
- Busisiwe Ngwenya, Director – Compliance, B-BBEE Commission
- Karabo Mashugane, Chief Executive Officer, 20/20 Insight
- Amanda Khoza, Group Empowerment Executive, Alexander Forbes
- Soria Hay, Head of Corporate Finance, Bravura
- Thabo Masombuka, Chief Executive Officer, Construction Sector Charter Council
- Jenni Lawrence, Managing Director, Grant Thornton Verification Services - SANAS Accredited
- Norah Munyai, Training and Development Executive, Imperial Logistics
- Kershini Govender, Executive Head: Transformation and Strategy, Nedbank
- Roxanne da Mata Goncalves, Director, Strata-G Labour Solutions
- Tebello Chabana, Senior Executive Public Affairs & Transformation, The Minerals Council South Africa
- Trevor Tshabangu, Director, Transcend Corporate Advisors
- Lynda Marthinus, Executive Head: BBBEE & Transformation, Vodacom Group
- Safiyya Patel, Partner, Corporate Practice Head, Webber Wentzel
- Businesses from across sectors, ranging from multinationals, JSE listed companies to SMMEs
- Service providers
- Public sector, parastatal/state-owned enterprises
- Civil societies, NGOs, labour unions, dispute resolution bodies
- Academia, Researchers
11 250 7300