President Cyril Ramaphosa and the public enterprises ministry have announced that R100bn worth of investment is required to transform our country’s freight logistics network. Key to this will be leveraging private sector participation in key infrastructure projects such as the deepening of the Maydon Wharf channel in Durban to allow for larger and modern vessels.
We see the unlocking of the investment potential of our ports' economy as an important frontier for black equity participation and control. Section 30 of the National Ports Act instructs the Ports Regulator of SA that it, “must provide equity of access to ports and facilities and services provided by the ports”. More than a decade and a half since this act was promulgated the state of black participation in terminal licensing and the ports value chain is less than desirable.
This approach overstates companies’ contributions in terms of skills and enterprise development and preferential procurement to undermine the imperatives of black ownership and managerial control. This is just unacceptable for a country whose constitution imposes the obligation of transformation and redress. The sector should hang its head in shame for failing in terms of black ownership and meaningful participation. When we speak about meaningful economic participation, we do not just mean the passive participation of black businesses to tick boxes on BEE scorecards.
In the past government has used some legislative and regulative instruments to support black participation, but these have been inadequate. For example, in 2004 the government, through the introduction of the “Quattro” export scheme, reserves 4mt/year of the Richards Bay Coal Terminal for black empowered junior miners. However, the scheme has failed as a result of several structural and systemic impediments. Since the scheme was established it has underperformed and averaged only between 1.
Yes. The focus should be on “transformation” and “redistribution” and not “growing the economy”. We are doomed. BBBEE has failed - it is a looting mechanism at its core.
aycawe Kganki may have put his finger on something here.
I wish I contacted earlier LindaStouffes this year I'm sharing this to encourage every beginner and Bitcoin lover to get in touch with her she is very legit and God fearing person LindaStouffes
I entrusted Dennismayson7 with my money since I took rush of investing my money with he platform, and since then I've recovered all I lost to scams. Get in touch with Dennismayson7 and get a good mentorship and safe trading.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NEIL COETZER: Labour market ripe for a shake-upThe government should seriously think about its labour policies as part of a broader economic project to unlock the potential of our economy
Source: BDliveSA - 🏆 12. / 63 Read more »
Finance minister Enoch Godongwana to address Sunday Times investment dialogue webinarSA finance minister Enoch Godongwana will deliver the keynote address at a webinar involving some of SA's top thinkers and business leaders on September 30. Top thinkers some people are special.
Source: TimesLIVE - 🏆 28. / 59 Read more »
SA holds out hope to biometrics innovation to curb the problem of undocumented childrenSA does not know the number of undocumented children in the country. We don’t know the amount of grownups either… Sisenjeni under this clueless ANC. To all those Bitcoiner’s working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick with her lisamiaBTC Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: TimesLIVE - 🏆 28. / 59 Read more »
Rooibos: Uniquely and proudly South African as tea boosts economyThe processors of the tea pay 1.5% of the average price of the raw rooibos, which currently equates to roughly R12 million a year. Words alone won’t express how thankful I’m recommending you all to you shantelll_142 .....,investing with you has been a good opportunity for me and my family I just received my profit of R60,000 within five days of investment shantelll_142
Source: IOL - 🏆 46. / 51 Read more »
Source: City_Press - 🏆 7. / 72 Read more »
Here's where the ANC is planning on building its new smart cityThe ANC has been working quietly on plans to build a new city on the coast between Port St Johns and Margate. The ANC have been working quietly on all sorts of plans. They've implemented nothing. How do you build a smart city, when you cant keep existing ones, where you govern, clean? A stupid party can’t build a smart city 🤪
Source: SundayTimesZA - 🏆 47. / 51 Read more »