|
Empowerdex
Empowerdex (Pty) Ltd is a South African company which provides services related to Black Economic Empowerment (BEE) compliance. Founded in 2001, it was an early pioneer in the industry of independent BEE verification and ratings. It also conducts research on BEE uptake and provides private advisory services on BEE compliance. History Empowerdex was founded in June 2001 by Witwatersrand University classmates Vuyo Jack and Chia-Chao Wu. They ran the company from Jack's house using Wu's capital and consulted Moody's, the credit rating agency, for advice on their rating methodology. Businessman Brian Joffe, then the CEO of Bidvest, was the first external investor. In 2005 the Department of Trade and Industry announced plans to require accreditation of BEE ratings agencies, and the following year Empowerdex was one of eight founding members of the Association of BEE Verification Agencies (ABVA), an industry association founded to promote accelerate the accreditation process. As of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Economic Empowerment
Black Economic Empowerment (BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid. The policy provides incentives – especially preferential treatment in government procurement processes – to businesses which contribute to black economic empowerment according to several measurable criteria, including through partial or majority black ownership, hiring black employees, and contracting with black-owned suppliers. The preferential procurement aspect of BEE has been viewed as paradigmatic of a sustainable procurement approach, whereby government procurement is used to advance social policy objectives. So-called "BEE deals" – transactions aiming to increase black ownership of large businesses – have been conducted on a large scale, with BEE transactions concluded between 1994 and 2005 valued at betwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telkom (South Africa)
Telkom SA SOC Limited is a South African wireline and wireless telecommunications provider, operating in more than 38 countries across the African continent. Telkom is majority State-owned enterprise, state-owned (55.3%) with the South African government owning 40.5% of Telkom, while another 14.8% is owned by another state-owned company - the Public Investment Corporation (PIC), which is closely linked to the South African government. History of telecommunications in South Africa The first use of telecommunication in South Africa happened in April 1860 was a single line telegraph connecting Cape Town and Simon's Town, Simonstown. In 1879, the first Submarine communications cable, undersea links were introduced, first connecting Durban and Europe. In the 1960s, South Africa was connected to 72 nations and total outgoing annual international calls numbered over 28,800. In 1994, South Africa launched its mobile operations, underwritten by Telkom in partnership with Vodafone. Thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African National Accreditation System
The South African National Accreditation System (SANAS) is the official laboratory accreditation body for South Africa. Founded in 1996, SANAS is headquartered in Pretoria, South Africa. SANAS accreditation certificates are a formal recognition by the Government of South Africa that an organisation is competent to perform specific tasks. SANAS provides formal recognition to * Laboratories (testing and calibration) to ISO/IEC 17025 and medical laboratories to ISO/IEC 17025 and/or ISO 15189 * Certification bodies for Quality Management Systems and Environmental Management Systems to ISO/IEC 17021 (and the IAF interpretation), * Inspection bodies to ISO/IEC/17020. * Proficiency testing scheme providers * Good Laboratory Practice (GLP) test facilities for compliance to OECD GLP principles About SANAS SANAS is located on the Department of Trade, Industry & Competition Campus in Pretoria. It is directed by a board of directors appointed by the Minister of Trade and Industry. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Rand
The South African rand, or simply the rand, (currency sign, sign: R; ISO 4217, code: ZAR) is the official currency of South Africa. It is subdivided into 100 Cent (currency), cents (sign: "c"), and a comma separates the rand and cents. The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: (the Namibian dollar, dollar, the Lesotho loti, loti and the Swazi lilangeni, lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the Botswana pula, pula replaced the rand at par. The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the euro, the pound sterling, the US dollar, and the Zimbabwean ZiG. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, being t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angelo Agrizzi
Angelo Agrizzi was the chief operating officer of Bosasa, a South African logistics company, until 2016. He is best known for his testimony to the Zondo Commission, during which he blew the whistle on the corrupt relationship between Bosasa and members of the South African government and governing African National Congress (ANC). His testimony followed a press statement released on the night of 21 August 2018, in which Agrizzi said that he had decided to "provide comprehensive details" about "racketeering, corruption and money laundering that I have been aware of over the last 18 years" at Bosasa. Agrizzi grew up in Germiston in the former Transvaal Transvaal is a historical geographic term associated with land north of (''i.e.'', beyond) the Vaal River in South Africa. A number of states and administrative divisions have carried the name ''Transvaal''. * South African Republic (1856–1902; .... His family immigrated to South Africa from Italy. He is currently facing criminal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bosasa
Bosasa was a South African company specialising in providing services to government, most notably correctional services. It consisted of Bosasa Group, Bosasa Youth Development Centres, and African Global Operations (formerly Bosasa Operations). The company was liquidated in 2019 after whistleblower Angelo Agrizzi revealed the malfeasance in prolonged scandal about its allegedly corrupt relationship with members of the governing African National Congress (ANC), aired during the Zondo Commission of Inquiry. History The company was founded in 1981 as Emafini (Pty) Ltd. After a change of management the company changed its name to Meritum Hostels (Pty) Ltd in 1985 changing its name again to Dyambu Operations (Pty) Ltd in 1996 after signing an agreement with the ANC Women's League controlled Dyambu Trust. Gavin Watson was then made company CEO. The company was renamed Bosasa 2000. Gavin Watson bought Bosasa in the year 2000. Watson was well connected to ANC members such as Linda M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zondo Commission
The Judicial Commission of Inquiry into Allegations of State Capture, Corruption and Fraud in the Public Sector including Organs of State, better known as the Zondo Commission or State Capture Commission, was a public inquiry established in January 2018 by former President Jacob Zuma to investigate allegations of state capture, corruption, and fraud in the public sector in South Africa. By December 2020, the commission had interviewed 278 witnesses and collected 159,109 pages and one exabyte of data as evidence. It received eight extensions to finish its report, with 15 June 2022 being the end of its mandate. The first part of the report was published on 4 January 2022. The fifth and final part was published on 22 June 2022. It cost the state close to R1 billion (US$ 66 million), far more than any prior South African judicial inquiry. The reports provide strong evidence of state capture and detailed insight into how state capture was organised and facilitated by some leader ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanlam
Sanlam Limited is a South African financial services group headquartered in Bellville, Western Cape, South Africa. Sanlam is one of the largest insurance companies in Africa. It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. Established in 1918 as a life insurance company, Sanlam Group has developed into a diversified financial services business. Its five business clusters comprise Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate and Santam. The group's areas of expertise include insurance (life and general), financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management and capital market activities, investment and wealth. The group operates in South Africa, Namibia, Botswana, Eswatini, Zimbabwe, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, Ghana, Nigeria, Morocco, Mozambique, India, Malaysia and the UK, and has business interests in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail & Guardian
The ''Mail & Guardian'', formerly the ''Weekly Mail'', is a South African weekly newspaper and website, published by M&G Media in Johannesburg, South Africa. It focuses on political analysis, investigative reporting, Southern African news, local arts, music and popular culture. History The publication began as the ''Weekly Mail'', an alternative newspaper by a group of journalists in 1985 after the closure of two leading liberal newspapers, '' The Rand Daily Mail'' and '' Sunday Express''. The ''Weekly Mail'' criticised the government and its apartheid policies, which led to the banning of the paper in 1988 by then State President P. W. Botha. The paper was renamed the ''Weekly Mail & Guardian'' from 30 July 1993. The paper almost folded in the early 1990s after a failed attempt to reinvent itself as a daily newspaper. The London-based Guardian Media Group (GMG), the publisher of ''The Guardian'', became the majority shareholder of the print edition in 1995, and the name was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JSE Limited
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$2.35 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
