The National Empowerment Fund
Mandate Established by the National Empowerment Fund Act No 105 of 1998 (NEF Act), the National Empowerment Fund (the NEF) is a driver and thought-leader in promoting and facilitating black economic participation by providing financial and non-financial support to black-owned and managed businesses, and by promoting a culture of savings and investment among black people….
SOEs Budget Wishlist
This morning Mr Ronny Mkhwamazi spoke with the minister about State Owned Enterprises (SOEs) on Newzroom Africa channel 405.This was in view of the Minister of Finance’s medium-term budget speech later today.The Minister has a massive task ahead.SA needs a comprehensive overhaul of its SOE. Done correctly, SOEs can be a great tool for economic…
Double Trouble For Employers
BY Ivan Israelstam, Chief Executive of Labour Law Management Consulting. He may be contacted on (011) 888-7944 or 0828522973 or on e-mail address: [email protected]. Go to: www.labourlawadvice.co.za. Can the employer discipline an employee twice for the very same incident of misconduct? Under exceptional circumstances a second disciplinary process might be justified if the employer is…
AfCFTA to Launch Digital Trading Platform for SMEs
The Secretariat of the African Continental Free Trade Area (AfCFTA) has said it is working on a cross-border trade platform to enhance market access and trade connectivity for Small and Medium-sized Enterprises (SMEs) across the continent. The digital platform, it said, will enable SMEs to expand their reach and explore growth opportunities in the AfCFTA,…
Business for South Africa – Member Update
16 October 2020 B4SA WELCOMES RECOVERY PLAN, CALLS FOR IMMEDIATE IMPLEMENTATION Business for South Africa (B4SA), the alliance of volunteers formed to support the national response to combat and recover from the Covid-19 pandemic, welcomes President Cyril Ramaphosa’s announcement of far-reaching plans for economic reconstruction and recovery. B4SA has spent a considerable time formulating an accelerated…
SACCI Response to Economic Reconstruction and Recovery Plan
Friday 16 October 2020 SACCI Response to Economic Reconstruction and Recovery Plan SACCI welcomes the Economic Reconstruction and Recovery Plan as announced by President Ramaphosa. We appreciate the President’s acknowledgement of the challenges faced by the economy, together with the elements that need urgent attention to set the economy on a positive trajectory. The elements…
SACCI Says Trade Activity Improving
Trade activity has improved in South Africa, with the seasonally adjusted Trade Activity Index (TAI) having measured 50 index points in September, implying that half of the respondents experienced better conditions than in August. Trade activity previously improved to 37 index points in July, and then to 41 index points in August and to 47…
Staff Unhappiness Is Not Incompatibility
BY Ivan Israelstam, Chief Executive of Labour Law Management Consulting. He may be contacted on (011) 888-7944 or 0828522973 or on e-mail address: [email protected]. Go to: www.labourlawadvice.co.za The lodging of complaints by staff can be used as grounds neither for alleging incompatibility nor for dismissing employees. In the case of Jabari vs Telkom SA (Pty)…