Newsletter EconoServ, EconoBEE, EconoHR
04 May

 

Newsletter EconoServ, EconoBEE, EconoHR
ICASA White Paper Recommends 30% Black Ownership for Licences

In future, businesses wanting a licence from ICASA may be required to have a minimum of 30% black ownership and a high BEE score. The current black ownership requirement is 25%. It also means that suppliers to these businesses will need a high scorecard or risk losing business.

Based on ICASA’s white paper, bandwidth or spectrum, the lifeblood of mobile operators would not be given to existing operators.

ICASA recently announced it will be holding an enquiry into historically disadvantaged groups equity ownership in ICT companies. This is in reference to the ICT BEE sector code which came into effect in November last year and includes mobile and fixed-line operators.

The white paper is the result of inconsistencies between the ICT sector code and ICASA’s regulation document. The discussion document is an attempt by ICASA to align its regulations with the ICT sector code which will apply to new licenses once the policy is implemented.

One of the biggest changes in the new ICT sector code is the points-to-level table. In the previous amended codes, a level 8 business required 30-40 points. But in the new ICT sector codes 55 to 70 points and required for a level 8. The effect is that a previously level 8 company would now be non-compliant.

These issues and the discussions on how to implement the white paper requires more deliberation between government and industry.


Improve your score card with Skills Development

BEE can be taxing if you are trying to improve your scorecard. Trying to comply with only some of the elements in the scorecard is not sufficient anymore as it will not earn you enough points.

One of the easiest ways to boost your rating is through skills development. Investment more on skills development with a particular emphasis on accredited training and learnerships.

The DTI has specified a target training spend of 6%.

  • Informal training where no NQF credits are awarded, are allowed a maximum of 15% expenditure.
  • There are points awarded for qualifications or training provided for black employees and black unemployed persons and additional points are awarded for offering internships or apprenticeships.
  • When 100% of trained black learners become employed by the company an additional five bonus points is awarded.

We will be hosting a joint breakfast session with Sparrow Schools, who will help you better understand how you can  use the Skills Development element to your advantage.

Title: Skills Development Breakfast
Date: 10 May 2017
Duration: 7:30 for 8:00 – 10:00
Coffee/tea will be served.
Venue: Cnr Gerty and Hermans Street, Sophiatown

Please see video invitation on following link.
https://www.youtube.com/watch?v=Hdr-nil8eGw


Amended Forest Sector Codes
On the 6th of November 2015 the Draft Forest Sector codes were gazetted for public comment within 16 days of the publication and on the 21st of April 2017, the Amended Forest Sector Codes were gazette and came into effect on the date of publication.

The Forestry Sector is uniquely positioned to address rural development issues in that its operations are primarily situated in rural and underdeveloped areas. The industry therefore recognizes its ability to have a meaningful impact on these communities that have been traditionally marginalized. This understanding should guide the manner within which Measure Entities in this sector targets and implements B-BEE initiatives. It should also guide the development of sector specific initiatives within the sector.

The Forest Sector Codes apply to:

  • All enterprises involved with commercial forestry and first level processing of wood products. This covers the following subsectors:
  • Growers sub-sector
  • Contracting sub-sector
  • Fibre sub-sector
  • Pole sub-sector and
  • Charcoal sub-sector

EconoBEE will be hosting a Half Day  Workshop on the “Amended Forest Sector Codes” on the 23rd of May, where will give you a better understanding of what the sector codes are about and how they can be applied.

Course details
Title: Amended Forest Sector Codes
Date: 23 May 2017
Duration: half day – 08h30 for 09h00-13h00
Coffee/tea will be served.
Venue: 435 Rugby Avenue, Ferndale, Randburg
Price: R1 710  (incl VAT)


Upcoming events

Title: Half Day BEE Workshop
Date: 9 May 2017
Duration: half day – 08h30 for 09h00-13h00
Coffee/tea will be served.
Venue: 435 Rugby Avenue, Ferndale, Randburg
Price: R1 710 (incl VAT)

Title: Labour Law Full Day
Date: 18 May 2017
Duration: – 9h00-17h00
Coffee/tea  and lunch will be served.
Venue: 435 Rugby Avenue, Ferndale, Randburg
Price: R3500 (incl VAT)
 
Title: Employment Equity Committee
Date: 25 May 2017
Duration: half day – 08h30 for 09h00-13h00
Coffee/tea will be served.
Venue: 435 Rugby Avenue, Ferndale, Randburg
Price: R1 710 (incl VAT)

Title: Enterprise and Supplier Development Evening Session
Date: 31 May 2017
Duration: half day – 08h30 for 09h00-13h00
Coffee/tea will be served.
Venue: 435 Rugby Avenue, Ferndale, Randburg
Price: R1 710 (incl VAT)

Additional information and a full calendar of all our courses are available on our website.
Talk to us today about other solutions to help your business achieve its objectives.

Additional Information:
Contact us on info@econobee.co.za or 011 483 1190.
 


Regards
Lianne and the EconoServ Team

EconoServ is a management consultancy. EconoBEE helps businesses become BEE compliant. EconoHR helps businesses manage Employment Equity and Skills Development.
Through our managed services we are able to assist your business implement, Black Economic Empowerment, Employment Equity and Skills Development effectively.
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Email: info@econobee.co.za
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