EU CHAMBER SUPPORTED B-BBEE

Daar kan sowaar as wraggies ook niks gedoen word sonder die ou alewige rasbehepte en diskriminerende wetgewing wat teen slegs blankes gemik is in Suid-Afrika nie.   En so gaan dit voort – rassisme wat steun kry uit baie oorde, nie net in SA nie.  Maar is dit ‘n werklikheid dat die EU al hierdie lande intrek in rasbehepte rassistiese wetgewing om ons blankes ekonomies te ontmagtig?  Indien dit die waarheid is, is hulle netso skuldig as die ANC en ander politici en leiers aan die skending van menseregte van al ons blankes (Afrikaners en Boere)
The EU Chamber supports continued economic transformation in South Africa through the B-BBEE.    Why was a EU Chamber necessary and why is B-BBEE supported? The European Union has been recognised as a trusted trading and investment partner in Southern Africa for a long time. Today, the European Union not only represents 77% of FDI in South Africa with approx. 2,000 odd European companies actively trading, manufacturing and operating locally, but also nearly 500,000 direct and indirect jobs. As such, we need to have a coherent approach about the issues which are of concern to European businesses invested in the region.

eu chamber and south africa bbbee

Following an extensive consultation process with all stakeholder communities in 2013 and 2014, the EU Chamber was finally established in the beginning of 2015. Today, the EU Chamber of Commerce and Industry of Southern Africa is registered as a NPC governed by a board of directors, each representing European bilateral Chambers of Commerce incorporated in South Africa.

In order to protect the transverse interests of all, we need federate the topics we want to defend. We have already tabled many issues with the South African government whilst we were getting ready over the last 18 months, and have been constructively and systematically expressing our concerns about fundamental issues and inhibitors to further economic growth and correspondingly, reduction of inequalities, such as the current investment promotion and protection framework, immigration, the amended Codes, and sub-standard goods amongst others. In addition, we have conducted  an investment climate survey interviewing nearly 200 European companies, small and large.

http://euchamber.co.za/

***

EU Chamber of Commerce and Industry in Southern Africa – Registration – NPC 2015/151998/08. VAT Nr. 4610261366
http://euchamber.co.za/wp-content/uploads/2018/12/StatementBBBEE24032017.pdf

2017

March 24, 2017

B-BBEE – statement The South African Government hasin unity expressed a clear demand for economic transformation n the latest SONA and the national Budget Speech. The EU Business Chamber acknowledges the mportance of economic transformation, especially in view of the European experience, where the growth of the middle class and greater economic inclusiveness has been key for social stability in the region.

With the European Union being the largest foreign direct investor in South Africa accounting for close to 80% of the total FDI and more than 500,000 direct and indirect jobs, European companies substantially contribute to the economic transformation of South Africa and have been consistently enhancing their B-BBEE profile in line with the existing legal provisions.

However the latest EU Business Survey 2016 conducted by the EU Chamber in South Africa shows that uncertainty around the B-BBEE policies and the cost of implementation is among the top three challenges for the European investors in the country.

In this respect, members of the EU Chamber have reported that an increasing number of tenders by the state-owned enterprises (SOEs) in South Africa include a requirement of 51% black ownership for their suppliers. The EU Chamber has been informed that such a discretionary measure lacks sound legal basis as it will require pre-approval from the DTI, based on appropriate studies examining the skills level and other market dynamics in the respective sectors. The EU chamber is aware of cases where this requirement has not been fulfilled, which has created uncertainty around the tendering process.

****

As a multi-faceted economic destination, South Africa has developed a unique trading environment specifically attractive to foreign investors. This is evidenced by the fact that South Africa has been dubbed Africa’s powerhouse with a Gross Domestic Product (GDP) in excess of R2.3 trillion – which constitutes 30% of the continent’s GDP, and is four times that of its African neighbouring countries.

Not only has South Africa displayed fortitude with its sophisticated financial systems during the economic recession, it has showcased a promising emerging market portfolio in recent years, being ranked 53rd out of 148 nations internationally according to The World Economic Forum’s Global Competitiveness Report 2013-14. South Africa has also been ranked 41st out of 189 economies according to The World Bank’s Report: Doing Business 2014 for the ease of which business can be conducted – a welcoming assurance for any party wanting to enter this bustling business landscape.

****

http://euchamber.co.za/wp-content/uploads/2018/12/COM-585-SA-Position-Paper-1-Property-Rights-final.pdf

****

http://euchamber.co.za/?page_id=9

Our Partners

 

Advertisements

Een gedagte oor “EU CHAMBER SUPPORTED B-BBEE”

Lewer kommentaar

Verskaf jou besonderhede hieronder of klik op 'n logo om in te teken:

WordPress.com Logo

Jy lewer kommentaar met jou rekening by WordPress.com. Log Out /  Verander )

Google+ photo

Jy lewer kommentaar met jou rekening by Google+. Log Out /  Verander )

Twitter picture

Jy lewer kommentaar met jou rekening by Twitter. Log Out /  Verander )

Facebook photo

Jy lewer kommentaar met jou rekening by Facebook. Log Out /  Verander )

Connecting to %s

%d bloggers like this: