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The Coega Development Corporation, which runs the industrial development zone in Nelson Mandela Bay, has met all its requirements and has a Level 1 broad-based black economic empowerment status. It is also a value adding supplier, which boosts its clients' scorecard.
South Africa's Black Business Council has thrown its weight behind the National Development Plan, saying it provides, for the first time since the Freedom Charter, a guiding vision that can unite all sectors of the country.
South Africa's membership of the BRICS group of influential emerging economies will help the country and the continent address their socio-economic challenges, says Science and Technology Minister Derek Hanekom.
The number of black home buyers entering the South African residential property market is increasing steadily as the socio-economic tables turn, with the number of black home loan applicants already exceeding white applicants.