Author: Lianne Friedman

EconoBEE - BEE Points = Business

The Customer is King – EconoBEE Newsletter – 9 July 2015

The customer is king! Every business owner knows that their customers are ultimately their boss. Although a cliche, the reality is exactly that, the customer can dictate the products, services and even sometimes the price they are prepared to pay. If the customer isn’t happy then they have the choice...

Black owned QSEs could drop a level

The Amended Codes have made BEE more complex. One aspect of the codes intending to make BEE easier for small black owned businesses (QSEs) could hurt those businesses. The codes state that if a business has an annual turnover of between R10million and R50million (excluding those with sector codes), then...

EconoBEE - BEE Points = Business

Amended Codes sub-minimum requirements – EconoBEE Newsletter 30 June 2015

We always felt Preferential Procurement using the old codes was a particularly genius idea. The knock on effect from one business to another somewhat indirectly forced each business to get a scorecard. Add competition to that mix and suddenly customers had a choice of many, many different suppliers with a...

financial sector codes

Amended Codes Sub-Minimum requirements

  Introduction: The Amended Codes have sub-minimum requirements for three elements: ownership, skills development and enterprise and supplier. If an entity does not meet the minimum requirements on all three elements its calculated BEE level will drop by a further 1 level. Sub-minimum element – Ownership: The sub-minimum is 40%...

Privacy Policy

Your privacy is important to EconoServ SA CC (EconoBEE). This privacy statement provides information about the personal information that EconoBEE collects, and the ways in which EconoBEE uses that personal information. Personal information collection EconoBEE may collect and use the following kinds of personal information: information about your use of...

Terms and Conditions

  Website Terms and Conditions of Use Relating to http://www.econobee.co.za These Terms and Conditions (“the Terms and Conditions”) govern your (“the User”) use of the EconoServ SA cc (“Provider”) website located at the domain name http://www.econobee.co.za (“the Website”). By accessing and using the Website, the User agrees to be bound...

sanas logo bee certificate

SANAS (National Accreditation System) and its own BEE certificate

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 We have many clients who procure from SANAS (SA National Accreditation System). In many cases, this is an exclusion to a company’s eligible procurement, but it can...

Broad-based schemes

Still making the news is the clarification issued by the dti on 5th May 2015, and its subsequent retraction on 15th May 2015.   The intention of the clarification was to clamp down on dodgy or as the minister calls them “mischievous” broad-based schemes – not to close them all....

Broad-based/employee ownership schemes

  We are pleased that the minister has decided not to implement a blanket ban on broad-based and employee ownership schemes see http://www.thedti.gov.za/editmedia.jsp?id=3314. As we have said previously the minister would have to retract his notice, because it was wrong. A good analysis of some good broad-based and employee ownership...

Definition of Black

The B-BBEE Amendment Act 2013 defines Black as follows: ‘black people’ is a generic term which means Africans, Coloureds and Indians—(a) who are citizens of the Republic of South Africa by birth or descent; or(b) who became citizens of the Republic of South Africa by naturalisation—(i) before 27 April 1994;...

EconoBEE - BEE Points = Business

Amended QSE Codes Published – EconoBEE Newsletter – 08 May 2015

  Amended QSE Codes Published The long awaited QSE Amended Codes have now been gazetted by the DTI. They have also gazetted amendments to the amended generic codes. This week alone has seen three individual gazettes. As a result of these changes we have been inundated with requests for TV,...

Black Owned QSEs

Black Owned QSEs The Amended codes state that a QSE has a turnover of between R10m and R50m ( as long as it does not fall into a defined sector code). Extract from paragraph 3 of statement 000: 3.3.2.2    A Qualifying Small Enterprise is required to comply with Ownership as...

EconoBEE - BEE Points = Business

Mayday Mayday Amended Codes

Mayday Mayday Amended Codes Rob Davies minister of Trade and Industry “I cannot extend the deadline again. The revised codes will come into effect on May 1” Financial Mail 16th April 2015 The B-BBEE industry has been on a knife edge over the last few months. While the industry to...

EconoBEE - BEE Points = Business

EconoBEE Leads BEE Interpretations – EconoBEE Newsletter – 24 March 2015

    EconoBEE Leads BEE Interpretations Advice for Businesses, IRBA Approved B-BBEE Auditors and SANAS accredited verification agencies The Amended codes come into effect on 1st May 2015. We are inundated with enquiries as to what is going to happen post 1st May 2015. The dti doesn’t like anyone talking...

EconoBEE - BEE Points = Business

Submission for Amended QSE Codes – EconoBEE Newsletter – 26 November 2014

Submission for Notice 876 of 10 October 2014 By: Keith Levenstein, CEO, EconoBEE. Preamble EconoBEE has always issued submissions when requested. We have spent many months writing submissions, applying our mind to ensure that transformation is supported, encouraged and implemented to the benefit of our diverse population. We have always...

EconoBEE - BEE Points = Business

Amended QSE Codes – Commentary Period Extended – EconoBEE Newsletter – 07 November 2014

EconoBEE has been working extremely hard since the Amended QSE Codes were released to ensure that the interests of small businesses are kept close at heart. The Minister when gazetting the Amended QSE Codes allowed comments to be submitted up until 14 November 2014 which was only 35 days from...

EconoBEE - BEE Points = Business

Why Amend the B-BBEE Codes? – EconoBEE Newsletter – 03 November 2014

Looking back at the past year, it is evident that much has changed. The Generic and QSE Amended Codes and the B-BBEE Amendment Act are undoubtedly on the top of the list. Almost every consultant and verification agency has virtually not stopped talking about this, which makes me think –...