SABMiller, the world’s second largest beer group, this week announced their broad-based Black Economic Empowerment (BBBEE) deal with a difference. Wonkie is glad to see a major South African corporate being smart about their structuring of the transaction.
Many previous large BEE transactions were basically considered to be an additional tax on the company: money the company had to practically give away without any real expectation of return on investment. Typical of many such deals, dividend income from the shares will be used to pay for those shares. A key difference is the way in which these shares will be allocated to employees, the SAB Foundation and an estimated 50,000 licensed shebeen and tavern operators. Full ownership of the shares is expected to pass through within 10 years however the beneficiaries will receive a portion of the dividends from the first year.
The deal comes at a strategic time for SAB. October sees the opening of a competing Heineken brewery in South Africa. The details of the SAB deal will no doubt be structured smartly to ensure stakeholders get maximum leverage in terms of both retailer loyalty and staff retention.
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June 18th, 2009
Below is the list of recent winners of Wonkie CartOOns T-Shirts (at least those of you who said it’s ok to publish your names):
1) Angie Taalman,………………….. 11) Deena Naidoo
2) Nda Nxumalo,……………………. 12) Mpepho (pseudonym)
3) Thokozane Mkhize,……………… 13) Shirilele Masheleni Lawrence
4) Noor Sanglay,……………………. 14) Cheryl Buchanan
5) U2R1 (pseudonym),…………….. 15) Ntsane Ntsane
6) Albert Masinga,………………….. 16) James Farr
7) Rodney Lottering,……………….. 17) Gill K
8 ) Stephen Rogers,……………….. 18) Elizabeth Watson
9) Laban Ndlovu,…………………… 19) Gerald Smith
10) Amanda Watson,………………. 20) Meera Maharaj
Please do leave a comment to let us know you received your Wonkie T-Shirt!
Thanks to those of you that have been commenting regularly – please keep it going! The winner of last week’s Julius Malema on a horse caption contest is displayed in the comments section of that post (Click here).
June 5th, 2009
Unfortunately Eskom appears to be back with its nonsense of unannounced power cuts for 12 hours at a time so there was only enough electrical oomph in our inverter for one cartoon. The weekly caption contest will be run on Monday next week instead. In the meantime, if any of you come across any amusing, funny photos you think would be good candidates for the caption contests please email them through to pratish (at) wonkie (dot) com.
In other news, the Wonkie team has been busy shipping off t-shirts to a couple of dozen readers, commentators, and runners-up to the April 30 win an mp3 player contest. Believe it or not, the winner and the alternative winner for the mp3 player have not responded to their emails as yet so we’ll be picking another name from the pot this weekend. We’ve been a little slack announcing the names of t-shirt winners on the site but we’ll hopefully get to it over the weekend.
In still other news, Wonkie will be reducing its cartoon output slightly over the next 2 weeks because of the recession (haha). Well, more because we’re upgrading the site to cater for the larger number of readers – we’re up to over 3,500 regular daily cartoon readers now – thank you all, please help us spread the word and email Wonkie CartOOns to your colleagues at will!
We also have an official Wonkie CartOOns page on Facebook now so please do join us there by becoming a fan:
May 26th, 2009
Do you have something to say?
Whether it’s simply a gripe or an informed point of view on current affairs, why not Contact Wonkie about your idea. If we agree it’s relevant and topical you can write a short article for publication here. This is particularly for those of you who feel that Wonkie is partial to some political party, institution, religion, person or group – give everyone a chance to read your point of view in an article and we’ll try to create a cartoon fitting with your subject matter.
If you’ve always wanted to write – here’s your opportunity!
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