Cabinet reshuffle – BEE – EconoBEE Newsletter 14 May 2009
Making Verification Sense out of BEE
BEE Seminar – The Practical Implementation of BBBEE
Step By Step course outlying the best business process to produce a BEE Scorecard.
Understand BEE – Produce a BBBEE Scorecard – Strategically improve your BEE Score
Cabinet reshuffle - how does it affect BEE?
In his new cabinet announcement President Zuma has appointed a new minister of trade and industry, Dr Rob Davies. At the same time he announced the establishment of a new ministry - Economic Development, to focus on economic policy making. This new ministry is headed up by Mr Ebrahim Patel.
A third new ministry, headed by Mr Trevor Manuel is the national planning commission.
“BEE should be implemented from grassroots level, not from the top downwards”
I’m seeing many comments about BEE lately - not entirely negative, but more positive criticism like “BEE should be implemented from grassroots level, not from the top downwards.”
That notwithstanding, BEE still does have 7 elements, on which enterprises earn various points for achieving certain targets, even pro-rata points can be earned.
The point I wish to make is that sometimes enterprises themselves are to blame, not necessarily government for the poor implementation of BEE. The policy is excellent (I’ll be happy to debate this issue anytime), but the way that companies have gone about it is bad, and does not even make business sense in many instances. I can never understand why a company will, for example, sell shares at a huge discount and in the process earn very few BEE points at a high cost to them. They have so many other alternatives that do earn more points, cost less and will have a far bigger beneficial impact on the country and their own company. For example, why not spend money on skills development for employees? It will increase productivity, allow room for personal development and help the company become a lot more compliant than simply selling shares to a big investor.
BEE Points = Business
That's it for the time being.
Keith and the EconoBEE Team
In this issue
EconoBEE is a BEE consultancy who has developed extremely effective tools to measure and implement Broad Based Black Economic Empowerment. Our services focus on the business side of BEE. Our services include EconoBEE Scorecard, BEE Scorecard Workshops, EME Pack, Document Pack, EconoLog and the 10 Step Process to BEE Compliance.
Our company supports various organisations and drives the BEE Expert Group to help maintain and develop knowledge in the BEE industry.
Look out for next month's newsletter
Copyright © EconoBEE - Helping you and the Economy Grow . All Rights Reserved.