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Broad-Based Black Economic Empowerment

Absa Plans $636-Million Black Empowerment Deal for Staff & Investors

Absa, one of South Africa's largest banks, is currently planning a $636-million (R9,4-billion) transaction which could possibly see 8% of the lender's shares given to staff and third-party investors. Further, Media24 reports, the transaction will enable all of Absa's employees...

Level 2 B-BBEE Rating Awarded to Networks Unlimited, Showing Continued Commitment to SA

Value-added distributor Networks Unlimited Africa has been certified as a Broad-Based Black Economic Empowerment (B-BBEE) Level 2 contributor. This rating will assist both the company as well as its partners when it comes to competing in the marketplace. Networks Unlimited...

South Africa: MTN launches new R9.9 billion BEE transaction

The MTN Group has revealed, within a media statement, that it intends to implement a new R9.9 billion Broad-Based Black Economic Empowerment (BEE) Transaction called MTN Zakhele Futhi, when its existing special purpose empowerment vehicle, MTN Zakhele, contractually unwinds...
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Latest News

Online Sextortion Epidemic Plagues Teens

Just hours before his untimely death, the life of 16-year-old Murray Dowey from Scotland seemed ordinary, a night of...
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