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BEE Sector Charter Conundrum – EconoBEE Newsletter – 31 October 2013

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Dear [Name]

Our Amended Codes seminars have been extremely well attended. If you would like to attend please book early as we have filled up our venues very quickly.

Event details;

  • 6th November – JHB – Gallagher Estate
  • 12th November – JHB – Sunnyside Park Hotel
  • 19th November – JHB – Birchwood Conference Centre
  • 8th November – CPT –  Canal Walk/Century City
  • 1st November – DBN – Makaranga Garden Lodge

We will be hosting additional events based on demand. In-house presentations available on request to a minimum of 10 delegates.
Time: 8:30 for 9:00 – 17:00
Price: R2500 excl VAT (R2850 incl VAT)
Contact: 011 483 1190
More Information: http://www.econobee.co.za/index.php?option=com_content&view=article&id=547&Itemid=116
Booking Details: http://www.econobee.co.za/index.php?option=com_fabrik&view=form&formid=3&Itemid=211

We are confident that all our clients will be able to achieve the same points on the new scorecard as the current, but your approach will have to be different. We’ll show you how.

Start preparing now, we are on your side Managed Service.


B-BBEE Sector Charter Conundrum

BEE charters have been a thorn in our side for many years. Although we don’t specifically support them, but since they exist, they must be followed. Charter councils and members of various industries have long since believed in the importance of separate individual charters for the sector to which they belong. It is almost as if the industry is willing to subject itself to additional costs in developing the charter, additional costs in implementing the charter and additional costs in understanding a new piece of legislation in order to not follow it any better than the current Codes of Good Practice.

BEE charters have been used as an excuse for industries to adopt the “wait and see approach” to avoid implementing any BEE activity that might fall out of the scope of that charter. To those businesses that proudly state that they have done well in terms of the charter – we ask – would you have done as well had you not had a charter?

Now everything changes. The Amended Codes of Good Practice have been gazetted. The current state of Charters and the Amended Codes quite simply cannot co-exist peacefully. In order for each charter to qualify as a sector code it must be substantially in line with the codes of good practice which they are modeled on.

The target date for implementation of the Amended Codes is October 2014. Those codes state;

“3.2.3 A Measured Entity in a sector in respect of which a sector code has been issued in terms of Section 9 of the BBBEE Act as amended, may only be measured for compliance in accordance with that code.”

Despite the fact that the Amended Codes quote an amendment to the Act that has not yet been signed we see no way for any charter to remain in their current format.

Amongst others the amended codes are going to become the new baseline with which empowerment will be measured. It could almost be described as a complete cleaning of the slate. We should in effect begin afresh as if this were the first time we approached compliance.

The charters will have to at some point in the very near future be adjusted to fully comply with the Amended Codes or be scrapped entirely.

Practically we believe a few scenarios may play out:

  • The charters will be repealed and any company in that sector will default to the amended codes
  • The charters will be amended in time and you will in October 2014 use the amended charter
  • The amended codes target implementation date will be delayed (most likely to take into account point 2 and many other reasons)

It should be noted that charters have not traditionally been drafted and then issued within this short time period. Sectors like ICT, Property and the FSC have only recently been introduced. If it takes the same amount of time as in the past we will see some of the currently available charters issued post 2018.

Moving forward – The Charter Councils are having a meeting with the DTI in November to discuss the charter problem in more detail. We imagine the purpose of that meeting is to plot a way forward for those charters. We are unsure why they are meeting after the Amended Codes were issued and not before.

Whichever way it goes it makes the most sense to implement BEE now as if you were to use the Amended Codes. Worst case you are ready for the new codes, best case you get a much higher level and get business.


Understanding the Amended B-BBEE Codes of Good Practice

The new codes will have an impact on your strategies that you need to implement.

Many people think that the new codes will be more difficult to understand and implement. We will show you that this is not necessarily the case.
Join us for a full day and

  • Learn how to benefit from the new codes.
  • Understand the intricacies of the codes
  • See the differences between current codes and new codes
  • Identify strategies to follow
  • Recognise how easy it will be to follow the new codes

Date:6th November – JHB – Gallagher Estate
12th November – JHB – Sunnyside Park Hotel
19th November – JHB – Birchwood Conference Centre

8th November – CPT –  Canal Walk/Century City

1st November – DBN – Makaranga Garden Lodge

We will be hosting additional events based on demand. In-house presentations available on request to a minimum of 10 delegates.

Time:8:30 for 9:00 – 17:00
Price:R2500 excl VAT (R2850 incl VAT)
Booking Details:Email info@econobee.co.za
Contact 011 483 1190
Book online or download our brochure.


Let our consultants save you time on B-BBEE.

Preferential Procurement – Save Time by using the BEE Procured database containing over 40 000 BEE Certificates. Procurement Managed Service: Our consultants can phone your suppliers for a BEE certificate – Managed Service.

 


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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 R5 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 V3

 
EconoBEE Newsletter
 31 October 2013

In this issue

  • B-BBEE Sector Charter Conundrum

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.


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Contact Us

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


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Regards
Gavin and the EconoBEE Team
 

  
Executive summary of B-BBEE

Turnover below R5 million per annum – automatic BEE status

 

Turnover above R5 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:

Through our managed service avoid the BEE distraction and let our consultants implement Broad-Based Black Economic Empowerment for you.

 

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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