https://newsletter.en.creamermedia.com
Africa|Building|Efficiency|Resources|Sustainable
Africa|Building|Efficiency|Resources|Sustainable
africa|building|efficiency|resources|sustainable

NEF, BBBEE Commission sign MoA to strengthen economic transformation

An image showing the MoA signing between the NEF and the B-BBBEE Commission

MoA signing

9th December 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

The National Empowerment Fund (NEF) and the Broad-Based Black Economic Empowerment (BBBEE) Commission have formalised a partnership with the signing of a memorandum of agreement (MoA) at the NEF’s head office, in Sandton, on December 9.

This agreement sets the foundation for enhanced collaboration between the two organisations, focusing on implementing and enforcing the BBBEE Act and promoting economic inclusion.

The MoA outlines a framework of cooperation, including capacity building, wherein the NEF will recruit and second employees or interns to assist the BBBEE Commission in fulfilling its compliance, monitoring, and educational mandates under the BBBEE Act.

It also entails information sharing to support the monitoring and advocacy work of the two organisations.

The partners will also share resources, with both organisations to leverage their expertise and resources to drive the objectives of the BBBEE Act, aimed at engendering greater operational efficiency.

“This agreement is a powerful step forward in our collective efforts to transform South Africa’s economy. By combining our strengths, we can ensure that black economic empowerment becomes more impactful and sustainable,” says BBBEE Commissioner Tshediso Matona.

“The NEF and BBBEE Commission share a critical mission to drive transformation across South Africa’s economic landscape. This partnership enhances our ability collectively to support black-owned businesses and enforce meaningful compliance with the BBBEE Act,” says NEF CEO Mziwabantu Dayimani.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

 

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.175 0.261s - 191pq - 2rq
Subscribe Now