Businesses that fail to achieve minimum BEE will get lower score

Cape Town - Businesses that fail to achieve a minimum score on the Black Economic Empowerment (BEE) scorecard for ownership, procurement and enterprise development will be penalised by having their BEE level status dropped, the Minister of Trade and Industry Rob Davies said on Friday

SA's economy dependent on entrepreneurs

Unemployment protests
Employment has grown marginally in South Africa but analysts warn the slowing of small business activity could lead to economic stagnation.

South Africa economic growth uneven and slow

Pravin Gordhan, Finance Minister
Growth in output in our own economy is uneven and slow, though consumption spending is still buoyant, Finance Minister Pravin Gordhan said on Friday 18 May, delivering the National Treasury Budget Vote in Parliament.

Corporate responsibility centre aims to boost development

There is an increasing awareness of the role companies play in the economic and ecological development of societies and economies, said Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) regional director Peter Conze, speaking at the Southern Africa German Chamber of Commerce and Industry (SAGCC) launch of its Competence Centre for Corporate Social Responsibility (CSR) in April.

Rise in SA unemployment rate disappoints

This week, Statistics South Africa released the Labour Force Survey for the first quarter of 2012. The data shows that the total number of unemployed people stood at 4.5 million in the three months to March from 4.244 million in the fourth quarter.