FJT president Piet Rampedi said setting aside a 50 percent share in the government s advertising budget would enhance the viability of black-owned enterprises in line with the revised Broad-Based Black Economic Empowerment (BB-BEE) Codes of Good Practice. Rampedi said the government could not continue to pump money into companies that did not want to transform. “These companies see no obligation to transform. Spreading the cake will achieve long-term transformation in the industry. We are not asking for hand-outs,” said Rampedi. FJT represents journalists and entrepreneurs owning small media companies. Earlier this year the FJT met the Government Communication and Information System (GCIS) to...

By: CNBC Africa Advertising industry veteran and businessman Peter Vundla is the guest on Talking Books with CNBC Africa’s Jill de Villiers. He shares memories of his eventful life and explains how he became his own boss when he founded the first black-owned advertising agency Herdbouys in 1991.   ...

By Buyi Mafoko  While transformation is undoubtedly a key priority for every South African business leader today, focusing on it is not enough to achieve robust and sustainable growth. Particularly given the tough local market conditions, with South Africa having now entered a technical recession, you have to be business ready to succeed in both the short and long term. Indeed, there are multiple factors now at play, in addition to the transformation agenda, which savvy business leaders must take into account. There is the constant pressure of digital disruption, the steady slew of new competitors entering every industry, and an exceedingly pressurized macro economic...

Posted By: TMO Reporter on: November 01, 2018 The IAB SA has invited the advertising industry to submit their feedback on the Advertising Code of Practice Social Media guidelines. This addition to the Advertising code promises to give the industry a clear code of conduct regarding the use of paid social media to advertise products and services. “The fundamental objective of the code is to protect the consumer by encouraging brands to exercise ethical constraints on all paid social media communications. As always, we as an industry body felt passionate about working on this as an industry collective. I encourage all our members to carefully...