Barloworld Equipment’s performance tells a tale of two industries
The mining industry has been in the doldrums since the economic recession that swept globe seven years ago, but Emmy Leeka has not lost hope that the industry will claw its way back into profitability.
At the beginning of October this year, the veteran mining executive took over the reins as chief executive officer of Barloworld Equipment Southern Africa from Dominic Sewela, who has been appointed CEO-designate of JSE-listed distribution group Barloworld, the equipment division’s 114 year-old parent company.
Black property players cry foul over slow pace of BEE
A lobby group has pleaded with the government to open up the R5.8 trillion property sector to its members, who are struggling to gain a foothold in the market.
The South African Institute of Black Property Practitioners says the Department of Public Works is one of the major stumbling blocks to black property entrepreneurs’ prosperity. The institute represents black landlords and property developers, who are looking to government’s black economic empowerment (BEE) policy to break into the lucrative industry.