SAP attains 30% BBBEE equity in SA

Mar 10, 2015

SAP South Africa is to issue 19,5% of its shares to a broad-based black economic empowerment (BBBEE) Trust that will distribute dividends to beneficiaries who will use the funds to cover education costs at accredited institutions. By using these dividends for education purposes, the beneficiaries of The SAP South Africa Empowerment Trust will obtain long term sustainable economic self-sufficiency. This move, a first of its kind for a multinational company in the IT sector in South Africa, comes on top of SAP South Africa’s existing 10,5% ownership by broad-based black IT organisation, BLITEC.

Adapt IT invests in Uyandiswa

Nov 12, 2014

Johannesburg Stock Exchange (JSE) listed Adapt IT announced that it has acquired 49% of Uyandiswa Project Management Services, a 100% black woman owned project management consultancy. This forms part of its significant and increasing commitment to Enterprise...

ATI spends R35m on infrastructure, equipment

May 22, 2014

Black-owned artisan training company, Artisan Training Institute (ATI), has invested R35-million in satellite offices, refurbishing buildings and upgrading – and buying – equipment. This is according to co-founder and CEO, Sean Jones, who says: “This R35-million has...

ICT firms are falling short in BBBEE

Jun 25, 2013

While the majority of large ICT companies are BBBEE compliant, many small to medium-sized businesses, with a turnover of over R35-million, do not have a B-BBEE scorecard and are losing business as a result.  Keith Levenstein, CEO of BEE advisory firm EconoBEE, says...