DEPUTY MINISTER
MASINA TO LAUNCH IBMSA EQUITY EQUIVALENT INVESTMENT IMPLEMENTATION PROGRAMME
Members of the
media are invited to the launch of the implementation of IBMSA Broad-Based
Black Economic Empowerment (B-BBEE) Equity Equivalent Investment Programme by
the Deputy Minister of Trade and Industry (the dti), Mr Mzwandile
Masina.
This follows a
launch of the R 700 Million programme by the Minister of Trade and industry on
19 February 2015.During the launch a brief overview of IBM implementation status
and information about an online application portal will be provided. In
addition the launch shall provide a platform to share with other multinationals
the requirements to participate in the programme based on the Amended Codes
that came into effect on 1 May 2015:
DATE : Wednesday, 1 July 2015
TIME : 09:00
VENUE : 661 Pendulum Road
Midrand Conference Centre,
Midrand
The launch is in
line with the Amended B-BBEE Codes of Good Practice that require all entities
operating in the South African economy to make a contribution towards the
objectives of B-BBEE.
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