Despite efforts to transform the labour market, an analysis of South Africa’s workforce shows ‘an apparent pervasive and persistent preference in the appointment, promotion and development of the White and Indian population groups’, says commission for Employment Equity (CEE) chairperson Tabea Kabinde.
YeboYethu, Vodacom Group’s Black Economic Empowerment (BEE) scheme is sitting with more than R73 million in its bank accounts in unclaimed dividends belonging to over 12,000 shareholders.
Amdec Group, developer of the R15 billion mixed-use Harbour Arch precinct planned for Cape Town, has confirmed it has received full approval from the city to move ahead with the development.
Oracle Corp., the world’s second-largest software maker, is weighing a surprise bid for part of TikTok’s business, seeking to rival Microsoft Corp. in the race to acquire the viral video streaming app, according to people familiar with the matter.