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The Black Business Council (BBC) has thrown its weight behind the Legal Sector Code of Good Practice (LSC), which is at the centre of a legal challenge brought by several of South Africa’s largest corporate law firms. The dispute has reignited debate over how transformation in the legal profession should be implemented after the introduction…
A senior executive alleged to wield significant authority at the Industrial Development Corporation (IDC) and his colleague facing charges of financial misconduct played a key role in ensuring that Tinley Leisure Women (TLWI) Investments, a questionable black empowerment consortium got a slice of the R2.1 billion Tinley Leisure Club Med project. Bongani Miya, the IDC…
A multi-million rand investment in the R2.1 billion Club Med Tinley Leisure project has lifted a lid on corporate governance failures at the state-run Industrial Development Corporation (IDC). The IDC allegedly allowed a senior deal-maker facing serious charges of financial misconduct to lead its transaction team for its investment in the project. Against the advice…
The DA has renewed calls for South Africa to allow equity equivalent investment programmes for telecommunications network licences in South Africa.
Commitments of R20bn before it is even launched shows ‘the confidence corporate South Africa and everyone else in South Africa has in this fund’: Kganki Matabane of the Black Business Council.