Sales of Assets: Grey Area of Interpretation Sale of assets is a recognized avenue to facilitate ownership within B-BBEE ownership deals. Is there a grey area of interpretation of how the sale of assets should be calculated? The requirements for a sale of an asset to qualify for ownership,...
Recently we’ve been talking a lot about ownership and how to implement it correctly in your business, but now the new topic is around the latest amendments to the codes. We have analyzed the new amendments that were released on 31 May 2019 (Government Gazette No 42496). Some interesting changes...
The Chartered Accountancy Charter has been gazetted in draft for 60 days public comment. The scope of the charter affects all companies who employ South African Institute of Chartered Accountants trainees and members who offer SAICA training programmes. The various bodies and stakeholders to the CA Charter includes IRBA, AAT,...
Ownership is an important priority element and, for years, we at EconoBEE have been saying that ownership needs to be done properly. Ownership deals must show valid economic interest and exercisable voting rights to black people in terms of the BEE Act. Voting rights and economic interest, and not just...
Download our list here. Please contact 011 483 1190 or email info@econobee.co.za for more information regarding the learnerships and apprenticeships on offer and the booking thereof. eLearning / Online Learnerships NQF SAQA Duration General Education and Training Certificate: Hygiene and Cleaning 1 57937 12 Months National Certificate: Contact Centre Support...
With the return of load shedding and a relatively flat economic growth trajectory, one could be forgiven for thinking that the business outlook is sluggish. How can we grow the economy and create a better South Africa for ourselves and generations to come? There are many reasons for our current...
Skills Development is not as expensive as you may think. The Skills Development Act aims to develop the skills of the South African workforce, thereby improving the quality of life for workers and giving them more prospects of work. It also aims to improve productivity in the workplace, the competitiveness...
We can help alleviate your Skills Development pressure The Skills Development element can be a headache when you are trying to improve your B-BBEE scorecards. Previously, QSE’s could avoid this element by complying with other elements on the scorecard. This is now no longer possible and if QSE and Generic...
Welcome back from all at EconoServ! We hope that you had a wonderful festive season and are ready to start the year off. We are very excited about 2019 and what the year has to offer! We have updated our website to include our 2019 calendar of events and have...
Download government BEE, Employment Equity and Labour Relations resources directly from our website. These include the draft and amended codes. Contact us for expert advice! Clarification to the Youth Employment Service Initiative Practice Note of 2019 (Gazette 41975) – Youth Employment Service Initiative The Broad-Based Black Economic Empowerment Codes of...
Download the Amended Financial Sector Codes released 1 December here
Download the Amended Construction Codes released 1 Dec 2017 here
The dti minister, Dr Rob Davies has today (1 December 2017) gazetted the Financial Sector Codes (FSC) and the Construction Sector Codes. The FSC in particular has been long awaited. Until now the financial sector had been using the original financial sector codes which gave all in the FSC an...
Submitting your Employment Equity reports is a requirement of the EE Act. We can assist you to submit. Click here or you can gather an enormous amount of free information from our website How do l submit an Employment Equity (EE) report? Submissions can be done manually or electronically....
Download The Broad-Based Black Economic Empowerment Practice Guide here: [signinlocker id=”2544″] 1. The Recognition Of Third Party Procurement Spend 2. Broad-Based Black Economic Empowerment Certificates With Regard To Exempted Micro Enterprises And Qualifying Small Enterprises 3. Procedure For Requesting A Non-Binding Advisory Opinion [/signinlocker]
We have had a tremendous response to our last newsletter covering the Mining Charter in great detail. If you missed the article you are welcome to visit our website to read it. Alternatively, if you require a solution our consultants can assist. Attention: Companies in the mining industry On the...
[signinlocker id=”2544″] There has been a lot of activity in the past couple of months on the BEE front. The B-BBEE Commission has issued an important practice guide covering the modified flow through principle (discussed in detail in this newsletter) The Forestry Sector Code been finalized The Property Sector Code...
EconoServ has an enormous repository of useful information! View our news & resources to gather free information from our website. What is BEE? BEE, or more accurately B-BBEE refers to Broad Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country....
GENERAL NOTICENOTICE 1019 OF 2013DEPARTMENT OF TRADE AND INDUSTRYI, Dr Rob Davies, Minister of Trade and Industry, hereby:(a) Issue the following Codes of Good Practice (the codes) under section 9 (1) of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003); and(b) Determine that these Codes will...
On the 13th May 2016 EconoBEE was proud to host the acting BEE Commissioner Zodwa Ntuli at our monthly client breakfast. We had a fantastic event with over 80 professional business people from a wide variety of business interests. We host informative breakfast sessions regularly for all our managed service...
Overview of the Draft PPPFA – Keith Levenstein, explains the draft regulations.
We will be unpacking the PPPFA act and how it relates to your business on the 30th June or 7th July
Tony Blewitt and Keith Levenstein interview. Exempt Micro Enterprise. EME Status and what it means to have a turnover below R5 million per annum.
EconoBEE is an expert consultancy. Our advice has allowed many organisations to work through and implement long term sustainable strategies that remain inline with the essence of the BEE legislation. Our Managed Service is an effective consulting service to effectively manage BEE. Alternatively if you have a scheme...
The concept of equal work for equal pay is one of the main amendments to the act and entails remuneration of staff that do the same or similar job. But can depend on the performance between the individuals, length of service or qualification and competence
High penalties and CCMA hearings are dreaded by business owners. In part because they do not understand what is required and because they do not want to be exposed to high risk. Comprehensive compliance with the relevant acts ensures that whenever a situation arises it is handled in line with...
