EconoBEE Newsletter 02 March 2010 – A Julius Dilemma

EconoBEE – Newsletter March 2010

EconoBEE - BEE Points = Business
A Julius Dilemma – Tenderpreneur or True Empowerment

Most people I know agree that proper transformation is necessary in South Africa. We still have a long way to go to improve the situation for our population. The playing fields are still not level!

Recently it was reported that Julius Malema is a partner in a company that won tenders worth R140 million in Limpopo. If indeed this report is correct, then most people will feel outraged by this report. Most will agree that this is not the type of transformation that we need or that anyone had in mind for the new South Africa. A new word has even been created in South Africa: “tenderpreneur”. The respected businessman Bobby Godsell has criticized tenderpreneurs where businesses add no value to a transaction.

Now there are two types of transformation or empowerment that are used in South Africa – the tenderpreneurs or the true broad-based black economic empowerment. No other solutions have been proposed and interestingly enough all major political parties, including the official opposition have policies around transformation because they all recognise the need for transformation. B-BBEE if implemented properly can achieve all that we want in South Africa. Tenderpreneurs will make a select few very wealthy and do nothing for the population at large.

I repeat – there are only two choices. If, like me, you agree that the tenderpreneur approach is wrong, then the only viable option is B-BBEE. The opposite of B-BBEE is making Julius wealthy! There is only one way to beat that option – by implementing B-BBEE so well that tenderpreneurs lose all their business.

Let’s therefore try to implement broad-based black economic empowerment properly and grow the economy for everyone. Let’s build up our BEE scorecards. Let’s make a serious effort to help the less fortunate. We as South Africans are a caring nation. Let’s direct that passion to where it can help. Let’s follow the B-BBEE codes. Let’s support South Africa. Let’s get more positive.

Let’s make B-BBEE the only viable alternative to B-BBEE.

Tenderpreneur or True Empowerment
Have your Say

We are proud to support transformation in South Africa provided it is implemented correctly. What are your thoughts? Vote on our website “Tenderpreneur or True Empowerment” or give us your comments.

Alternatively join us in JHB, CPT and DBN for a seminar on how best to prepare a BEE Scorecard inline with True Empowerment.

BEE verification industry in turmoil

Association of agencies accused of interpreting BEE codes outside government policies
March 1, 2010

By Mzwandile Jacks – Business Report

BLACK economic empowerment (BEE) verification industry leaders on Friday slammed the Association of BEE Verification Agencies (Abva), accusing it of indiscriminately setting rules and policies aimed at “protecting its own interests”.

This came after Emex Trust, a large Pretoria-based verification agency, on Friday said it would terminate its membership of Abva. Emex said Abva was manipulating the verification industry.

Insiders said the move could open the way for more membership terminations.

This shows increasing unhappiness in an industry that has been criticised for its lack of capacity. There are only 27 verification agencies in a country with about 500 000 companies.

Read more…

Recommendation that an office of a BEE Ombudsman or Adjudicator be Setup

Keith Levenstein, CEO of EconoBEE has recommended that the minister of trade and industry set up an office of a BEE Ombudsman, Arbitrator or adjudicator.

He explains “I have been in the B-BBEE consulting industry since 2005. We have seen support for B-BBEE grow, and feel proud that we have contributed to increased compliancy. However, as is common knowledge, the pace of transformation has been too slow. This is of course due to many reasons, from negative perceptions to lack of knowledge to slow response from all stakeholders.

One the biggest issues we face every day is the lack of proper interpretation of the codes and lack of standards amongst verification agencies and SANAS. This translates to hugely diverse scores achieved by companies. In some cases the differential can be as much as 20 points – 2 to 3 levels.

I recognize that the BEE codes are new, and no case law has been established, which tends to give those in charge of interpreting the codes too much leeway in their decisions. SARS has solved this problem over many years by issuing directives.

Read more…

BEE Knowledgeable – Workshops, Seminars and Conferences

Full day seminars are a great way to get all the knowledge and tools to Become BEE Compliant. We host various full day courses which can also be customised and presented in-house.
The Practical Implementation of BEE Seminar
Johannesburg – 18 March 2010
Cape Town – 25 March 2010
Durban – 15 April 2010

Half day BEE workshops are run regularly at our offices. In addition to the BEE workshop, we have introduced a workshop that will show companies how to optimise their BEE scorecard.
CourseVenue and Time
BEE Scorecard WorkshopJohannesburg – 9 March 2010
Johannesburg – 23 March 2010
Johannesburg – 6 April 2010
Johannesburg – 13 April 2010
BEE Scorecard Optimisation WorkshopJohannesburg – 16 March 2010
Johannesburg – 20 April 2010
For more information on either our workshop or our full day seminar please call EconoBEE on 0861 11 3094.

    Is BEE procurement a pain? Sort it out quick and easy – click here.

    Not sure how to get a BEE Scorecard, click here to see a demonstration of how best to produce your own BEE scorecard.
    EconoBEE Newsletter
    02 March 2010

    In this issue

    • A Julius Dilemma – Tenderpreneur or True Empowerment
    • BEE verification industry in turmoil
    • Recommendation that an office of a BEE Ombudsman or Adjudicator be Setup

    In other news

    About EconoBEE

    EconoBEE is a BEE consultancy that 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.

    Already have a BEE Certificate?

    Please send it to us and we will include it in our BEE Procured database.

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    BEE Points = Happy Customers = Sustainable Business

    That’s it for the time being.
    Gavin and the EconoBEE Team

    Executive summary of B-BBEE

    Turnover below R5 million per annum – automatic BEE status

    Turnover above R5 million per annum – you need a BEE Scorecard. Our workshops, scorecard tools, procurement manager or advanced managed services will be best for you.

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