Senior Consultant Katleho Discussing The Skills Development Element
https://www.youtube.com/watch?v=imWUUw3GChc
Tagged: Calculations
Announcing EconoBEE V4 – EconoBEE Scorecard version 4
EconoBEE is proud to announce the imminent launch of EconoBEE Scorecard V4. This is the 4th version of the well known B-BBEE calculator. It has been completely re-written to be fully compatible with the Amended BEE Codes issued in October 2013 and coming into effect in May 2015. Benefits: Quick,...
What does the “Points to Levels Table” mean?
Need a BEE Verification? We can assist you! View our managed services here. Click here to gather an enormous amount of free information from our website The scorecard is measured out of approximately 100 points. The codes have defined various levels that span a range of points. For example on the 2007 codes,...
The Measurement Period Problem
Original publish date – Fri, 01 Jun 2012 07:41:38 +0000, Keith The measurement dates are becoming a problem again. I have a situation where a company was verified in December 2011, using March 2009 to February 2010 financials. The audited financials showed the company to be a QSE and they...
New Targets – Clarity?
Original publish date – Mon, 13 Feb 2012 10:05:31 +0000, Keith The minister has gazetted an explanation regarding the new targets conundrum, notice 102 of 2012 issued 7th February 2012. The key paragraph states: “With effect from the 9 February 2012, the 0-6 year targets will come into operation. However...
Measurement Period vs Measurement Date
Original publish date – Tue, 04 Dec 2012 09:36:47 +0000, Keith It sounds so simple. The measurement period is the period of your financial year under review, on which your verification will be based, and the measurement date is the last date of that financial year. In practice it has...
How to earn 8 quick points
Original publish date – Thu, 23 Aug 2012 09:02:05 +0000, Keith Disclaimer: we don’t like this method of earning points, but it is used by at least one verification agency who tells us this method is condoned by SANAS. The dti, the gatekeeper of the codes pretty much refuse to...
Clarification on shorter payment periods
Original publish date – Tue, 04 Dec 2012 10:09:34 +0000, Keith The dti minister, Dr Rob Davies has issued a gazette, notice 922 of 2012 on 7 November 2012 covering the shorter payment periods, and the definitions of Measurement Period and Measurement Date. Background: Shorter payment periods is used as...
Clarification on Effective Dates
Original publish date – Wed, 18 Jul 2012 15:13:05 +0000, Keith The dti has issued a document clarifying the effective dates of government notices. This is a very welcome move. The purpose of the document is to explain which sector code a company must follow and from which date if...
The cost of BEE compliance
Original publish date – Mon, 05 Jul 2010 09:35:54 +0000, Keith Many people ask us what the cost is of becoming B-BBEE compliant. It is a bit like asking “How much does giving your children a good education cost?.” Most people will agree that a good education is an investment...
BEE Procurement and BEE Procured
BEE Procurement calculation, How to do BEE Procurement – Keith Levenstein of EconoBEE an expert on Broad Based Black Economic Empowerment (B-BBEE) explains how to effectively mange the BEE Procurement Calculation, collect supplier scorecards and save a fortune of time while still earning many BEE scorecard points.
Accredited vs not accredited verification – confusion reigns again
Original publish date – Mon, 09 Mar 2009 10:25:33 +0000, Keith We wrote recently that some verification agencies have been accredited and some not yet. We wondered if this will cause a rift amongst those verification agencies who are accredited and those who are not. Well, ABVA have issued a...
Accredited opinion agencies
Original publish date – Wed, 12 Aug 2009 10:50:57 +0000, Keith There are no more verification agencies! They do not do verification, notwithstanding their accreditation with SANAS. All they do is come up with some opinion that suits them at the time. Based on an opinion, with no legal backing...
Accredited Certificates only
Original publish date – Thu, 16 Apr 2009 09:24:35 +0000, Keith The dti has announced that only accredited BEE certificates will be valid from 1st August 2009.The reasoning is that many companies front (misrepresent their BEE position), or do not do their calculations properly.In both cases this may be true....
Adjustment for Gender
B-BBEE adjustment for gender calculation. EconoBEE, BEE (Black Economic Empowerment) experts explain how some of the complex BEE calculations work in a simplified manner.
Demystifying the Adjusted recognition for Gender calculation
The draft codes of good practice made allowances for gender. In many aspects an enterprise could earn points under employment equity for black people, and additional points for black women. This always translated in extra indicators of some of the elements – one indicator for black people and another for...