
President Cyril Ramaphosa has set up a task team to look at mitigating the impact of rising oil prices. It's made up of Ministers of Finance, International Relations and Trade and Industry. enca.com/news-top-stori…
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@sjgrimsley

President Cyril Ramaphosa has set up a task team to look at mitigating the impact of rising oil prices. It's made up of Ministers of Finance, International Relations and Trade and Industry. enca.com/news-top-stori…


WATCH | President Ramaphosa says municipalities should have their own water tankers to help prevent corruption and tackle the water mafia.









In my view after 2003 BBBEE was never implemented as designed, and no scientific evidence exists to prove that it failed except that it was largely ignored. Evidence from the South African Department of Employment and Labour and the B-BBEE Commission indicates that while B-BBEE (Broad-Based Black Economic Empowerment) was introduced in 2003, white males continue to hold a disproportionately large share of top and senior management roles in the private sector. Key Statistics on Management Trends (2003–2023) Top Management Representation: As of the 2022-2023 Employment Equity (EE) Report, White individuals still occupy 62.9% of top management positions, while Africans hold 16.9%. For comparison, in 2003, White representation in top management was 76.3%. Senior Management: White individuals held 50.1% of senior management roles in 2023, while Africans held 26.4%. Promotion Rates: Data from multiple years has shown that white employees frequently receive more promotion and recruitment opportunities at management levels than black employees. Private vs. Public Sector: The private sector remains heavily dominated by white males, who occupy roughly 65.9% of top management positions there. In contrast, the public sector has significantly higher black representation, with Africans occupying 73.2% of top management roles. Reasons for Stalled Transformation "Tick-Box" Compliance: Many companies focus on meeting minimum B-BBEE scorecard requirements to gain business advantages without genuine commitment to internal transformation. Mobility Patterns: White males are often the most "mobile" group—while they may be terminated or leave one company, they are recruited at the highest rates by the next employer. Corporate Culture and Bias: Research suggests black employees are sometimes marginalised by monocultural white corporate values or face negative stereotyping that hinders their career advancement. Fronting: Some enterprises use "fronting" to superficially improve their B-BBEE ratings by appointing black individuals to roles without giving them actual authority or influence. For detailed annual breakdowns, you can access reports directly from the Department of Employment and Labour or view the B-BBEE Commission's National Status and Trends.

In the aftermath of the 9/11 Islamist terrorist attacks, my former boss Margaret Thatcher wrote: "We have harboured those who hated us, tolerated those who threatened us and indulged those who weakened us." How right she was, and her words ring true today, especially in the UK.


Foreign buyers are increasingly purchasing high-end property in South Africa, particularly in the Western Cape, and now account for nearly 40% of residential sales above R10 million. dailyinvestor.com/property/12450…
