South African Airways is moving away from "talk-shopping" towards inclusive participation of black business in its goods and services procurement, says the airline. SAA's procurement arm has a large enough capacity to incubate a group of black industrialists, it adds.
Policies that help create black industrialists in townships and rural areas need to be the focus of the newly appointed Black Economic Empowerment Council, President Jacob Zuma said at the council's inaugural session held at Tuynhuys in Cape Town on Tuesday.
Help is at hand for emerging black South African filmmakers trying to break into the industry, in the form of a new fund that will bankroll the full R5-million production and marketing budget of six qualifying feature films a year for the next three years.
A learnership programme that aims to transform South Africa's estate agency sector will see 10 000 new entrants recruited to the profession over the next three years, Human Settlements Minister Connie September announced at the programme's launch on Thursday.
Commended by the World Bank as a world first, the Thuthuka Fund - an innovative development programme by the SA Institute of Chartered Accountants - is helping to transform the profession through its "decisive" support of female and black students.
Finance Minister Pravin Gordhan announced inflation-related increases in old age, disability, child support and foster care grants on Wednesday. South Africa's social assistance system, one of the largest in Africa, is the government's most direct means of combating poverty.
South Africa's massive infrastructure development programme will open up opportunities for the country's black industrial class to grow, says Public Enterprises Minister Malusi Gigaba.
Broad-based black economic empowerment remains an integral part of South Africa's economic policies and transformation, President Jacob Zuma said at the opening of the inaugural B-BBEE Summit in Johannesburg on Thursday.
South Africa's Black Economic Empowerment Amendment Bill aims to ensure that black people become not merely owners but active participants in companies, Trade and Industry Minister Rob Davies said as Parliament prepared to debate the draft law on Thursday.
The National Empowerment Fund is a government agency set up to provide capital for black economic empowerment transactions, and to support the growth of meaningful participation of black people in the South African economy.