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MINISTER DAVIES TO LAUNCH IBM SA MULTI-MILLION RAND EQUITY EQUIVALENT INVESTMENT PROGAMME

19th February 2015

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The Minister of Trade and Industry, Dr Rob Davies and, and Country General Manager for IBM South Africa, Abraham Thomas will launch the multi-million rand IBM Broad-Based Black Economic Empowerment (B-BBEE) Equity Equivalent Investment Programme tomorrow.

The launch is in line with the 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. Minister Davies says the Equity Equivalent Investment Programme will amongst others focus on developing black owned and black women owned businesses with a particular focus on small and medium enterprises (SMEs) and South African youth, within the Information and Communication Technology (ICT) domain.

Details of the briefing are as follows
 
DATE : 19 February 2015

TIME   : 12:30 PM

VENUE: Imbizo Media Centre, Parliament, with a video link to Tshedimosetso House, 1035 Frances Baard Street, Pretoria


RSVP’s: Bonolo Moloto on 079 7987412 or KBMoloto@thedti.gov.za.

Enquiries: Sidwell Medupe-Departmental Spokesperson (012) 394 1650, 079 492 1774: MSMedupe@thedti.gov.za Twitter: @the_dti

Issued by Department of Communications on behalf of Department of Trade and Industry
19 February 2015

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