The B-BBEE ICT Sector Council has updated the framework for EEIP deals, in efforts boost SA’s transformation. To qualify for participation in South Africa’s equity equivalent investment programme (EEIP), a multinational must demonstrate it has a global practice of not divesting shareholding at a local level in any of its international operations. This eligibility must…
ITWeb contributor Phillip de Wet. Microsoft, AWS and Dell and their peers operate peacefully in South Africa by way of a bit of classic magic: making one concept mean entirely different things depending on where in the world you are based. In South Africa, “Equity Equivalent Investment Programme (EEIP)” is a long way of saying…
Khusela Sangoni-Diko, chairperson of the Portfolio Committee on Communications and Digital Technologies. (Photograph by Lesley Moyo) Khusela Sangoni-Diko, chairperson of the Portfolio Committee on Communications and Digital Technologies, has written to communications and digital technologies minister Solly Malatsi, seeking detailed clarity on the recommendation to approve Dell Technologies’ Equity Equivalent Investment Programme (EEIP) renewal for…
Communications and digital technologies minister Solly Malatsi. Communications minister Solly Malatsi has recommended the approval of Dell Technologies’ equity equivalent investment programme (EEIP) application. The application was made to minister Parks Tau, in his capacity as executive authority at the Department of Trade, Industry and Competition (DTIC), which facilitates and is the final arbiter for…
Communications and digital technologies minister Solly Malatsi. (Photograph by Jesse Sterk) Communications minister Solly Malatsi gazettes the final policy direction on the role of equity equivalent investment programmes in the ICT sector. [Story] Communications minister Solly Malatsi has gazetted the final policy direction on the role of equity equivalent investment programmes (EEIPs) in the ICT…
This is the third edition of Samsung’s Equity Equivalent Investment Programme. Samsung and the Department of Trade, Industry and Competition (DTIC) have opened applications for the third edition of the Equity Equivalent Investment Programme (EEIP), inviting black-owned ICT and service centre SMEs across South Africa to apply. The South Korean-based electronics giant says the R280…
