Author: Lianne Friedman

employment Equity

How do l submit an Employment Equity (EE) report?

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....

overpaying employees

Employer overpays employees, what now? How are challenges of erroneously overpaying employees addressed

The issue of erroneously overpaying employees is usually found in the public sector but more inquiries are rapidly coming from the private sector and employers don’t know how to deal with this situation.   Legal BCEA section 34(1) BCEA section 34(5)   Payroll and HR Personnel are also human beings...

employee promotions

Employee Promotions tend to be emotionally charged due to perceived favouritism. What are the guidelines?

Promotions in the workplace do tend to bring out an emotional response due to perceived favouritism and perceived employer subjectivity. Legal Labour relations act Section 186(2) Definition of a promotion Promotion is the elevation of an employee to a higher position within the organisation, accompanied by an increase in remuneration...

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Are BEE Share Schemes Creating Shareholder Value? Listen to our Chairman, Keith Levenstein, discussing the types of BEE share schemes, their benefits and pitfalls.

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 Interview on SAFM with EconoServ chairman Keith Levenstein   NASTASSIA ARENDSE:  We are looking at BEE share schemes. What prompted this idea was the Sasol Inzalo unbundling...

Employment Equity Reports

Submitting Employment Equity Reports

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 All designated employees are expected to submit their Employment Equity (EE) reports annually to the Department of...

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BEE Commission to Face its Biggest Challenge and Set Precedent

The BEE Commission is about to set a precedent which will decide the validity of what, to date, have been questionable BEE transactions.  The BEE Act states that the BEE Commission must maintain a registry of major transactions. Regulations issued in 2017 defined a major transaction as a deal worth...

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JSE-listed companies will be required to submit their BEE Compliance Report to the BEE Commission by 1 June 2018. Read more about what is required.

By Lianne Friedman, CEO of EconoServ   An amendment to the JSE listing requirements will require companies to provide the BEE Commission with a copy of their compliance report. The first disclosure period is scheduled for 1 June 2018. The JSE says that the aim of the amendment is to...

bee ownership

How to sell part or all of your business for profit. How do the new codes affect ownership. Are you ‘giving away’ your business? Not if you plan property.

Ownership on the new codes has made the scorecard increasingly more difficult and companies have no choice but to explore their options. It accounts for nearly one quarter of all BEE points and a critical tool to ensure full compliance with other policies. We realise that making a decision to...

Lianne Friedman

We Are Years Ahead Of The Pack

5 years ago we started being concerned about some educational trusts, employee trusts and broad based schemes. Not because we talk on behalf of govt or anyone else, but because we saw the huge risk of our clients earning zero points for doing lots of work, and wasting money when...

lumko learning

EconoServ Partners with Lumko Learning

Businesses need to continually train their staff, but the methods they chose to train could significantly influence the success of the training. In line with this, EconoServ has partnered with Lumko Learning to offer strategic training solutions. EconoServ CEO Lianne Friedman, says business-based training and development has been slow to...

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Compliance Stress

Last week the BBBEE Commission announced that it would be investigating 17 companies for possible fronting. We have compiled a detailed analysis and have a link to the list of the company names – more info… Compliance Stress There are many stress factors in the work place. There are deadlines...

Practice Guide 01 Of 2016 The Recognition Of Third Party Procurement Spend

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]

Modified Flow Through Principle – newsletter 20 June 2017

[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...

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JSE-listed companies lax in B-BBEE compliance – listen to SAFM’s – interview with Lianne Friedman.

The B-BBEE Commission says it will take action against non-complying JSE-listed companies. The amendment act requires JSE-listed companies to report on their compliance in terms of B-BBEE to the newly introduced commission. The format of reporting is yet to be prescribed but, given the requirement for public entities to do...

Lianne Friedman CV

Lianne Friedman is the young and lively CEO of EconoServ. One would think that she has achieved it all but this only marks the beginning of her milestones. Lianne started from the bottom. In proving her worth and working herself out of her position, she became a senior consultant, consulting...

EconoBEE - BEE Points = Business

Crash Course in BEE – B-BBEE in 5 minutes

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....

CEE Annual Report

DoL’s CEE Report

More so than ever, transformation, radical economic transformation, BEE and employment equity are under the spotlight and it is imperative for all companies to comply with the relevant legislation. The recently issued Commission for Employment Equity results shows that many companies have not followed through with their plans in implementing...

BEE sector codes

B-BBEE Companies Must Comply or Face Action: Trade and Industry Minister

The Minister of Trade and Industry (the dti) Rob Davies has said that the Broad-Based Economic Empowerment (B-BBEE) Commission should take action against companies that are found not complying with the B-BBEE requirements for transformation. To date, the Commission has only received 27 reports from the Johannesburg Stock Exchange (JSE)...

sector codes rob davies

BEE Sector Codes Creating Confusion

When the BEE amended codes were launched nearly five years ago, the intention was to make the codes simpler and encourage transformation. But since then the codes have done the opposite. They have become more complex, causing confusion in the market and harming transformation. Businesses needing to adhere to the...