FTW's Alan Peat finds out how the freight industry is faring in the equity stakes
Alan Peat
THE BLACK Economic Empowerment (BEE) Act - described by Minister of Trade & Industry Alec Irwin as "The Economic Revolution" Ð is expected to be in place by the fourth quarter of this year.
By October cabinet is expected to pass a final policy on black empowerment, setting the scene for legislation to guide the process.
Despite the poor industry reception of the draft mining charter, government is expected to require social charters for most of the main industrial and business sectors.
Cabinet has diarised 2014 as the deadline for achieving "effective participation of black people in the economy, in terms of ownership, control and skilled occupations."
It is expected that the Minister of T&I will issue codes of practice on empowerment, and that each industrial/business sector will have to draw up its own charters of empowerment.
What will this mean for the freight industry? FTW questioned two authorities on training and development.
