This paper looks at the Black Economic Empowerment (BEE) transaction at
TransUnionITC. The transaction was concluded in 2005 however TransUnionITC has
been involved in BEE activities and initiatives for the past decade. TransUnionITC has
been instrumental in enhancing BEE policies in that they have been involved in rural
training and awareness programs aimed at making consumers aware of their account
history profiles and how they affect their economic participation.
The TransUnionITC BEE transaction is analysed here in terms of the following:
TransUnionITC Considerations, the BEE partners, equity holding effectiveness,
management after the BEE transaction, beneficiaries of the transactions, the BEE
implementation process, Financial Services Charter scorecard, the DTI's generic
scorecard or compliance issues, problems encountered, stakeholder expectations
management and survey of TransUnionITC staff.
The company strategy will also be analysed to see if it has changed as a result of the
transaction and how this has affected the company's strategic focus. Factors that have
been influenced by the transactions such as profitability and new opportunities will be
explored.
There are at least 24 laws as well as policy and regulatory provisions dealing with
empowerment (Business Map, BEE Rationale and evaluation - 2005), these include
sector charters, various tender boards, small business promotion bodies, labour relations
institutions and regulatory councils. Some of these include:
Maritime transport and services industry charter, Forwarding and clearing Industry
charter, Mining sector charter, Tourism industry charter, Petroleum and liquid fuels
industry charter and Financial Sector Charter, Information Communication
Analysis of the implementation of Black Economic Empowerment: The case of TransUnionITC.
Technology (lCT) charter. These charters are still under review, and will be finalised
after the revision of the codes of Good Practice after December 2005.
TransUnionITC falls within the FSC charter and as a result their BEE transaction will be
analysed to see if it complies with this specific charter. / Thesis (MBA)-University of KwaZulu-Natal, Westville, 2006.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:ukzn/oai:http://researchspace.ukzn.ac.za:10413/9995 |
| Date | 14 November 2013 |
| Creators | Ndou, David N. |
| Contributors | Cox, Ray. |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
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