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

19th February 2015

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