Author: Lianne Friedman

Rating agencies vs Consultants

The Differences between Ratings Agencies and Consultants by Keith Levenstein – 13th September 2006 A ratings agency is one that will rate your company and produce a BEE scorecard. The Codes talk about “accredited” ratings agencies – i.e. agencies that have been accredited by SANAS (SA National Accreditation System). SANAS...

Points to levels table

BEE Scorecard – points to level rating table Contribution Level Qualification Level 1 Contributor ≥ 100 points Level 2 Contributor ≥ 85 points but < 100 points Level 3 Contributor ≥ 75 points but < 85 points Level 4 Contributor ≥ 65 points but < 75 points Level 5 Contributor...

How can BEE help me?

I recently had the opportunity of speaking at the Jo’burg Small Business Week. During the presentation a black lady asked me a question: “?I want to go into business – how can BEE help me? “ I found this an interesting question and gave the following response: “The Codes do...

OWNERSHIP IS ONE TO CONSIDER

OWNERSHIP IS ONE TO CONSIDER by Cathy Bryant    In order to bring certainty to a market place where “BEE deals” were being concluded with great fanfare but with very little economic flow-through into the economy to benefit people previously excluded from the economy, the Department of Trade and Industry...

“Goodbye Caird – Hello EconoBEE” – EconoBEE August 2006 Newsletter

“Goodbye Caird – Hello EconoBEE” by Keith Levenstein Many people will know I used to run Caird Consulting from my own offices. Caird is closing down, but EconoServ has started a new division, EconoBEE. EconoBEE will offer BEE advice, consulting on BEE issues, assistance, and EconoBEE Scorecard – a computerised...

Enterprise Development

Enterprise Development is worth 10 points on the generic scorecard and 20 points on the QSE scorecard. Enterprise develoment refers to your company assisting a black owned company with a high BEE score is some way. What form can this assistance take? Assistance can take the form of a monetary...

Compliance with BEE ideals is bedevilled by multiple contradictory standards

I refer to the August 3 article “Aircraft contract award ‘hinders’ BEE”. It highlights confusion about black economic empowerment (BEE) and how it is implemented. James Ngobeni, the chairman of the BEE charter steering committee for the building and construction industry, complained that Airports Company South Africa (Acsa) had chosen...

Charters and how they work

The BBBEE act allows industries to set up their own industry charters to use instead of the Codes of Good Practice. The act recognises that certain industries are sufficiently different to warrant a different scorecard. Ther first industry to produce a charter was the mining industry. The financial services industry...

The QSE (Qualifying Small Enterprise) Scorecard

The QSE Scorecard

  In brief, the QSE scorecard has the following components and points available:  Component Element Points Available Direct Empowerment Ownership 25   Management 25 Human Resources Employment Equity 25   Skills Development 25 Indirect Empowerment Preferential Procurement 25   Enterprise Development 25 Residual Corporate Social Investment 25 Total   175/100...

The Generic Scorecard

The Generic Scorecard

  In brief, the generic scorecard has the following components and points available:  Component Element Points Available Direct Empowerment Ownership 20   Management 10 Human Resources Employment Equity 15   Skills Development 15 Indirect Empowerment Preferential Procurement 20   Enterprise Development 15 Residual Corporate Social Investment 5 Total   100...

Companies affected by BEE (size)

The codes of good practice deal have identified three diferent size companies and treat each type separately: Exempt Micro Enterprises (EMEs): These are companies that are very small – whose turnover is below the VAT threshhold. i.e their turnover does not exceed R5 million annum. They are probably one man...

Become BEE Compliant

Need to be BEE Compliant – But don’t know how? Let EconoBEE show you the way Many companies in South Africa need to Become BEE Compliant. We have prepared a short guide to help you Become BEE Compliant. {slide Why Become BEE Compliant?} BEE has many business opportunities for your...

Lianne Friedman

What is BEE

BEE or more accurately Broad-Based Black Economic Empowerment (BBBEE) is the process by which the government is trying to ensure economic equity amongst race groups. It is governed by the The act is intended to encourage transformation by including black people in the economy. It covers aspects such as equity...

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