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Articles by Soria Hay
Zero tolerance for B-BBEE fronting
Soria Hay | Head | Corporate Finance | Bravura | mail me | The B-BBEE commission sent an unflinching message to entities attempting to circumvent their transformation responsibilities: there is zero tolerance for entities involved in fronting and/or misrepresentation of their Broad-based Black Economic Empowerment (B-BBEE) status and such activities will lead to criminal investigation and prosecution.
Awakening the economy from COVID-induced coma
Soria Hay | Head | Corporate Finance | Bravura | mail me | President Cyril Ramaphosa presented the five-level, risk-adjusted strategy that will guide South Africa’s emergence from lockdown. As the finer points of the strategy were shared, it became clearer how – and when – certain sectors will once again gear up into activity.
PODCAST | Black Industrialists – a key aspect in government’s commitment to grow South Africa - BBrief
An interview with Soria Hay, Head of Corporate Finance, Bravura, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing the issue of black ownership which continues to be a dominant aspect within the country’s transformation landscape. CLICK HERE TO READ THE ARTICLE |
Black Industrialists - a key aspect in government’s commitment to grow South Africa
Soria Hay | Head of Corporate Finance | Bravura | mail me | As South Africa enters an election year, the issue of black ownership continues to be a dominant aspect within the country’s transformation landscape.
Investing in female investment bankers from the start
Your Name: Your Email: Send Email To: Keep this field blank Soapbox Women often still have to work much harder to carve a place for themselves in investment banking. It is not easy for a young woman to make her mark in the investment banking industry. Globally, the domain of investment banking remains a fortress of male domination.
Few women make it to the top in financial services
It is not easy for a young woman to make her mark in the investment banking industry. Globally, the domain of investment banking remains a fortress of male domination. This is evidenced in the UK, where a government initiative requiring organisations to publish figures for the different amounts they pay men and women (the gender pay gap) has revealed a highly skewed employee base in leading British and some international banks.
Black Industrialists – a key aspect in government’s...
As South Africa enters an election year, the issue of black ownership continues to be a dominant aspect within the country’s transformation landscape. This was clearly articulated in the ANC 2019 election manifesto address by President Cyril Ramaphosa when he reaffirmed government’s commitment to working with the financial sector to increase industrial and enterprise financing for black industrialists, small businesses and co-operatives.
'Once empowered always empowered' impacts BEE - bbrief
Soria Hay | Head of Corporate Finance | Bravura | mail me | In what can be seen as a victory for the Chamber of Mines, the High Court ruled this week that South African mining companies aren’t required to top up black ownership levels if they have previously met the minimum requirements. The court case concerned the interpretation of the so-called ‘once empowered always empowered‘ principle contained in the Original Mining Charter (2002) and the 2010 Mining Charter.
Scathing court decision on fronting!
Soria Hay | Head of Corporate Finance | Bravura | shay@bravura.net | http//www.bravura.net | The R600 million train blunder that broke in July 2015 is still fresh in the memory of corporate South Africa. The Passenger Rail Agency of South Africa (Prasa) received 13 new diesel locomotives that were too high for the long distance routes they were intended for. Prasa ordered brand new diesel locomotives from Spanish manufacturer Vossloh España which were too tall for local use.
Fronting – beware the BBBEE Commission
In June 2017, a black woman-owned entity launched a complaint of BEE fronting against JSE listed Netcare Holdings. The complaint has been lodged with the Broad-Based Black Economic Empowerment (BBBEE) Commission, which was officially launched towards the end of 2016. This development is very significant for the South African corporate sector.
Beware of the B-BBEE Commission | IOL
Johannesburg - A black woman owned entity launched a complaint of BEE fronting against JSE listed Netcare Holdings, which operates the largest private hospital network in South Africa. The complaint has been lodged with theBroad-Based Black Economic Empowerment (B-BBEE) Commission which has been officially launched towards the end of 2016.
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