Latest News & Developments
black economic empowerment
Mbuyiseni Ndlozi defends Julius Malema, discusses Elon Musk, PayPal mafia, and Lesotho’s Starlink deal
Mbuyiseni Ndlozi defended Julius Malema, discussed South Africa's platinum advantage, Elon Musk's Starlink deal, and historical struggle chants, emphasizing heritage over racial hatred.
Resistance against impunity movement condemns SA banks for discriminatory practices that harm black businesses
RAIM's strong condemnation of South African banks reveals a troubling trend of account closures targeting Black individuals and businesses.
Resistance Against Impunity Movement condemns South African banks for discriminatory practices that harm Black businesses
RAIM's strong condemnation of South African banks reveals a troubling trend of account closures targeting Black individuals and businesses.
Public comment invited on R100bn draft Transformation Fund for black-owned businesses
Minister Parks Tau has unveiled the R100 billion Draft Transformation Fund aimed at empowering black-owned businesses, now open for public comment until May 7
AECI boosts mining division's black ownership in R522m transaction
AECI Ltd announces a R522 million B-BBEE transaction for its mining subsidiary, targeting 51% black ownership amid company-wide strategic restructuring. The deal comes as the chemical manufacturer reports declining financial performance but maintains focus on core business growth.
PepsiCo's Bašumi Trust Delivers R28. 6m dividend to 10000 B-BBEE beneficiaries
This latest disbursement amounts to R28. 6 million, bringing total payments since the Trust's inception to nearly R80 million, it said in a statement on Monday.
SONA 2025: President Ramaphosa, you have failed the poor, their homes are worthless assets!
Just hours before President Ramaphosa is set to address South Africans in the SONA, many South Africans still don’t even have title deeds to their homes - which means they will never be able to create generational wealth. Added to that ailing municipalities and clunky red tape is hampering the affordable housing sector and White Papers don’t address important sectors.
Maswanganyi calls for financial summit after unsatisfactory banking sector responses
Parliamentary Finance Committee Chair Joe Maswanganyi demands a financial sector summit following major banks' inadequate responses on transformation and discriminatory lending practices. The confrontation highlights ongoing concerns about financial exclusion and racial disparities in South Africa's banking sector.
Basa: Senior management at banks fall short of transformation targets
However, the report, covering 96% of bank assets, reveals substantial progress in empowerment financing and management transformation, despite regulatory challenges.
Mining Exploration fund could hasten SA’s transformation trajectory
South Africa's mining sector receives a transformative boost with the launch of a R400 million Junior Mining Exploration Fund, aimed at empowering black-owned mining companies and revitalising the country's exploration activities. This initiative could be the key to unlocking the nation's vast mineral wealth while promoting inclusive economic growth.
Why South Africa needs a Transformation Fund for economic justice
South Africa's struggle with economic inequality demands bold solutions. This analysis explores how a transformation fund could break down historical barriers and create inclusive economic growth, drawing parallels with successful international reconstruction efforts.
From art to science, South African women shine on Forbes’ inaugural 50 Over 50 Global list
Discover how four remarkable South African women are making history.
Gauteng's economic checks reveal significant non-compliance among spaza shops
Gauteng MEC for Economic Development, Lebogang Maile, announced that 7,802 inspections of spaza shops having been conducted so far across the province and more than 1,444 shops have failed to meet required standards.
Gauteng's economic checks reveal significant non-compliance among spaza shops
Gauteng MEC for Economic Development, Lebogang Maile, announced that 7,802 inspections of spaza shops having been conducted so far across the province and more than 1,444 shops have failed to meet required standards.
How Ithala Bank’s liquidation threatens rural economies
Ithala Bank’s potential liquidation raises alarms among the Democratic Alliance and traditional leaders, who warn of devastating consequences for rural communities reliant on its services.
Tau says “no strings attached” in R100bn Transformation Fund amid objections
The fund will offer equity funding, debt and grants to accommodate different needs of the intended target beneficiaries.
Government’s proposed Transformation Fund: highway to growth or pothole?
South Africa's Department of Trade, Industry, and Competition unveils plans for a R100 billion Transformation Fund aimed at fostering inclusive economic growth through black-owned businesses. But will this ambitious initiative drive real change or become another failed government project?
[OPINION] Change bound to occur in legal sector
At the core of the Legal Sector Code, are the issues that Judge Motha raised regarding an untransformed legal sector. The importance of a transformed legal sector and society at large cannot be overstated.
Law firm accused of ‘blocking’ transformation
Law firm Norton Rose Fulbright is challenging South Africa's new Legal Sector Code, while the Legal Practice Council defends the legislation as crucial for transformation in the legal profession.
MEC’s bid to save Ithala and its clients
Reverend Musa Zondi, the MEC for Economic Development, Tourism and Environmental Affairs (Edtea) accused giant ‘white-owned commercial banks’ of hatching a plot to shut down the black-owned Ithala bank.
Moving beyond BBBEE: Alternative solutions for inclusive growth
At its core, BBBEE was meant to serve as a tool for empowerment, but instead, it often fuels a culture of entitlement, corruption and inefficiency.
Cosatu at 39: Labour movement grapples with decline under ANC rule
As Cosatu marks 39 years of existence, the state of organised labour in South Africa is a far cry from its historic role in defeating apartheid. The formation of the Government of National Unity (GNU) has exposed deep fractures in the ANC-SACP-Cosatu Alliance, leaving the working class increasingly vulnerable to neoliberal policies
Julius Malema | The Economic Freedom Fighters is Committed to Authentic Black Unity, not Opportunism
We will defend the revolution with fierce determination and integrity, ensuring that the cause of black liberation remains pure, uncompromised, and focused on the genuine emancipation of our people, writes Julius Malema.
Trump must teach Ramaphosa a lesson
Explore how Cyril Ramaphosa’s alliances with Iran, Russia, and China are impacting South Africa’s relationship with the US and the economic consequences for its citizens.
Cosatu welcomes reforms that exempt small employers from new Employment Equity rules
The new Employment Equity Amendment Act exempts small businesses from certain compliance requirements, aiming to foster workplace transformation and address systemic inequalities in South Africa.