Latest articles on Duma Gqubule

The Vuyo Jack codes

Over the past decade there have been 1 127 publicly announced black economic empowerment deals worth R232,6-billion, according to Ernst & Young. At the end of May, the JSE Securities Exchange had a market capitalisation of R2 800-billion. The black equity in the above companies is 0,36% of the market total. It can safely be assumed that the total is less than 1% of the JSE's market capitalisation.

Grow to empower

Two months ago, Safika deputy chairperson Saki Macozoma offered a feeble defence against charges of enrichment levelled by black people against himself and his fellow black economic empowerment oligarchs, for want of a better word, such as Patrice Motsepe, Tokyo Sexwale and Cyril Ramaphosa. Until now, I have resisted participating in what has been a futile and sterile debate about enrichment versus empowerment.

Maria’s ‘convenient crisis’

"Like many people in black business, I cannot help but suspect that the attempt by Transnet CEO Maria Ramos to present evidence of her predecessors' incompetence is little more than an attempt to create a compelling rationale for the public to support sweeping changes at the transport and logistics company." The Transnet CEO manufactured a problem so she could get rid of the former board, argues Duma Gqubule.

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

Press Releases

SA’s SEZs create decent jobs

The Specia Economic Zone programme is used as a critical tool for accelerating the country’s industrial development agenda

The new normal in tourism is business unusual

Innovation and changing trends have kept some tour operators in the green, though most have struggled during the tight lockdown

TENDER NO. BOBS 05/2020 PROVISION OF CERTIFICATION SERVICES TO BOTSWANA BUREAU OF STANDARDS QUALITY MANAGEMENT SERVICES

The Botswana Bureau of Standards (BOBS) invites tenders from reputable companies for the provision of certification services

The Galaxy Z Fold2 smartphone breaks all the rules

The Galaxy Z Fold2 has meaningful innovations that offer users enhanced refinements and some unique foldable user experiences

Adventures, ghost tours and big skies await visitors to the Cape Winelands

All of the CWDM destinations are accessible within a 30- to 120-minute drive from Cape Town, creating real value for money

SingularityU Online Summit to contribute to SME growth in 2020

The global speakers lined up for this year's event will address the challenges and opportunities specifically facing small businesses

Policy priorities lie with urgent economic reforms

Professor Raymond Parsons believes that business and consumer sentiment in South Africa would both benefit from even lower borrowing costs

Javett Art Centre at the University of Pretoria to reopen on Heritage Day

The new, drive-through sculpture exhibition brings to four the number of exhibitions of iconic African and South African art

The best local and international journalism

handpicked and in your inbox every weekday