Zero Hour for Amended BEE Charters – EconoBEE Newsletter – 4 February 2016

4Feb, 2016

Zero Hour for Amended BEE Charters – EconoBEE Newsletter – 4 February 2016

Zero Hour for Amended BEE Charters

For years we have been pointing out the problems with sector codes: ineffective sector councils, non-compliance by entities, delays with reports and amendments, to name a few.

The original amended codes were issued as a draft in 2012. Final codes in 2013. In 2012 we pointed out that the sector codes needed to be aligned. By 2014 this had become a crisis. Nothing happened. In May 2015 after the amended codes came into effect the minister stated that he would consider repealing any sector code not ready for gazetting by 30th October 2015. Various media statements in October 2015 confirmed that the minister would make his decision by 15th November.

On 2 November 2015 the dti spokesperson stated:
Sector Charter Councils have until the 15 November 2015 to submit aligned Sector Codes for approval to Minister of Trade and Industry, Dr Rob Davies.
All existing Sector Codes that have not submitted application for approval to the Minister to be aligned with Broad-Based Black Economic Empowerment Codes of Good Practice will be repealed. Once sector codes are repealed, entities operating in the affected sectors will use the Amended B-BBEE Codes of Good Practice for measurement.

The above is not an official notice. All it says is sector codes not submitted by 15 November 2015 will be repealed. We, the public do not know which sector councils have, or have not submitted their draft. We have to wait until the minister issues his gazette!
Even this would have been very late, and too delayed. However the minister has still not issued any gazette formally giving his intention to abolish any sector code. The BEE Act is…

Workshops are Key to Long Term BEE Success

Changes to the legislation will cause most businesses scores to drop substantially which will substantially limit their competitiveness in the market place. Alternative activities to earn points such as changing suppliers might require a radical directional change in business thinking and processes. Identifying points scoring activities while simultaneously eliminating weaknesses is essential to maintaining a satisfactory scorecard.

A good understanding of BEE is perhaps the single best method to cause long term improvements to your companies BEE status.

EconoBEE is proud to offer various courses designed to increase your understanding of BEE.

Course Name	Dates
Full Day Amended BEE Codes	24th March 2016 – JHB 23rd June 2016 – JHB
Half Day BEE Workshop	9th February 2016 – JHB 8th March 2016 – JHB 12th April 2016 – JHB
How to win with your BEE Verification agency	8th March 2016 – JHB 24th May 2016 – JHB
Ownership Structuring	16th February 2016 – JHB 19th April 2016 – JHB
BEE for HR Managers	1st March 2016 – JHB 5th July 2016 – JHB
E&SD finding and managing suppliers for BEE	7th April 2016 – JHB 4th August 2016 – JHB

Additional Information:
Contact us on info@econobee.co.za or 011 483 1190.
Booking: Download our registration form.

Let our consultants save you time on B-BBEE.

Preferential Procurement – Save Time by using the BEE Procured database containing over 70 000 BEE Certificates. Managed Service: Our consultants can phone your suppliers for a BEE certificate – Managed Service.

While there is demand for a B-BBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…

Want us to manage your BEE Process – Managed Service.

Turnover below R10 million – find out how to get your BEE Exemption.

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

Need a scorecard – produce one yourself – EconoBEE V4.

EconoBEE Newsletter
4 February 2016

In this issue

Zero Hour for Amended BEE Charters

Workshops are Key to Long Term BEE Success

In other news

About EconoBEE

EconoBEE is an expert BEE consultancy. EconoBEE helps businesses Become BEE Compliant, prepare for verification, earn maximum BEE Points and ensure that they achieve the BEE Level they need to get more business.

Our services include BEE Management Systems, Training, EME Pack, Complete Managed Services, consulting and advisory and Procurement Solutions.

As leaders in the industry we are driven 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.

Contact Us

Tel: 011 483 1190
Fax: 011 483 1195
Email: info@econobee.co.za
Web: www.econobee.co.za

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Remember
BEE Points = Happy Customers = Sustainable Business

Regards
Gavin and the EconoBEE Team

Executive summary of B-BBEE

Turnover below R10 million per annum – automatic BEE status

Turnover above R10 million per annum – you need a BEE Scorecard. Our workshops, scorecard tools, procurement manager or a complete managed services will be best for you.

Your time on your business, our time on your BEE status

Tip:

Amended Codes preparation needs to begin immediately. Through our managed service prepare early and gain a competitive advantage.

10 Strategic Steps to B-BBEE!
We have prepared an easy to follow guide “B-BBEE in 5 Minutes” and “Crash Course to BEE Verification” which explains BEE in a simple step by step approach.

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