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The BEE Frank Dialogue 2013 Photo Gallery Snapshots

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BEE 19 years on... Has it succeeded or failed? Where to now?

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Pholosang has been holding a series of Frank Dialogue seminars. The first was held in Cape Town in October 2012 with Minister of Trade and Industry, Dr. Rob Davies the key note speaker. On 19 April 2013 the 2nd Frank Dialogue dinner seminar was held with Mr. Malusi Gigaba, Minister of Public Enterprises the key note speaker. On the panel to debate the topic "B-BBEE - 19 years on- has it failed or succeeded was the CEO of the Afrikaans Handelsinstituut, Mr. Christo van der Rheede, CEO of the IDC, Mr. Geoffrey Qhena and Executive Chairperson of Pholosang Ms. Christine Qunta. The seminar was sponsored by IDC.

Pholosang believes that there should be more informed debates around B-BBEE and intends to continue organizing these seminars in other parts of the country. Pholosang is also organizing workshops around the B-BBEE Amendment Bill and the revised Codes of Good Practice which were gazetted on 11 October 2013.

The Year of Proper Empowerment Beckons

With the ANC's Mangaung Conference behind us and the public consultation process on the BEE Codes concluded - This year will see the adoption of the new BBBEE Act and the real challenges of its implementation will begin.

Private sector corruption is South Africa's best kept secret. Neither during apartheid nor post -1994 is private sector corruption routinely exposed by journalistsThere is little substantive research of such corruption which means an accurate figure of its cost to the economy is available.

There are some exceptions though including major cases such as the Fidentia and Auction Alliance. Carte Blance regularly exposes corruption in the white business world. In May 2012 the Star newspaper investigated a case of fraud in a BEE transaction. A director of a medical supply company listed her domestic worker as a 40% shareholder of her company without the latter's knowledge and won contracts worth R160 million. Needless to say the worker was not treated as a shareholder nor compensated accordingly. Regulatory bodies such as the Competition Commission investigate companies as in the bread price fixing scandal or through criminal or civil actions by competitors.

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