The vagueness of BBBEE legislation involving preferential procurement and empowerment has serious implications for foreign businesses, and the scope of the regulations is not always clear, says Stefan Sakoschek, the EU Chamber’s regional director. Read the full article here.
Our Contribution to the Public Debate
B-BBEE - statement
The South African Government has in unity expressed a clear demand for economic transformation in the latest SONA and the national Budget Speech. The EU Business Chamber acknowledges the importance 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. Read Full Statement here
Freight Traders Weekly article following the launch of the Business Climate Survey.
"European Business confidence in South Africa has declined in the past two years despite companies seeing an increase in turnover"... Read full article Here
Regional Director Stefan Sakoschek was mentioned in the Business Day article "Building in Africa tumbles" (published 9 November 2016):
Meanwhile, the EU Chamber of Commerce and Industry of Southern Africa, said on Tuesday EU investors feared for the future of SA’s acclaimed renewable energy plan. "There is an urgent need for the outstanding purchase power agreements with Eskom to be signed," Stefan Sakoschek, regional director of the EU chamber, said. "Unfortunately … the current delays in the signing, awarding, and implementation of the IPP [independent power producer] contracts and the lack of communication [by Eskom] have raised doubts about the resilience of SA’s renewable energy targets," he said.
The full article can be found here.
Stefan Sakoschek, Regional Director of the EU Chamber, was interviewed on the long delays in obtaining Letters of Authority (LOAs) from NRCS and its impact n the economy.
Please find the online version of the article here.