Category: Black Economic Empowerment (B-BBEE)

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Classic FM – Nov 2010.wmv

Keith Levenstein speaks to Tony Blewitt about EconoBEEs BEE Procurement and Enterprise Development Conference. BEE is not only about points, EconoBEE consults to companies to help them implement Broad Based Black Economic Empowerment effectively and benefit their business.

EconoBEE - BEE Points = Business

Empowering Supplier Temporarily Scrapped – 1 November 2016

    EconoBEE is an expert consultancy. Our advice has allowed many organisations to work through and implement long term sustainable strategies that remain inline with the essence of the BEE legislation. Our Managed Service is an effective consulting service to effectively manage BEE. Alternatively if you have a scheme...

EconoBEE - BEE Points = Business

Draft Construction Sector Code Workshop – 11 October 2016

        Draft Construction Sector Workshop The draft construction sector code has been signed for approval by the minister of the DTI. The draft construction sector code will now be available for a 60 day commentary period. The commentary period will end in December 2016 and will most...

south african demographics

EE and Demographics

The demographics of South Africa are roughly 90% African, Coloured, Indian and 10% White, unfortunately most demographics of companies are far from this. The EE act aims to redress this issue and improve the demographics through good skills development and mentoring of individuals to be promoted. Compliance with the Employment...

auditors

Approved Auditors No Longer Allowed to Consult on BEE

By Lianne Levenstein, CEO of EconoBEE, a BEE advisory firm Now that the IRBA (Independent Regulatory Board for Auditors) is ceasing its BEE regulation activities, auditors and agencies will have to cut down on their consulting work. SANAS (South African National Accreditation System) frowns on verification agencies doing any consulting...

Draft Construction Sector Codes Launch

Huge Impact on Construction Companies. Severely affects businesses with a turnover of under R10 million pa By Lianne Levenstein, CEO of EconoBEE, a BEE advisory firm Thabo Masombuka, CEO of the Construction Sector Council, has launched the draft Construction Sector Codes for comment before the final version. Quite unexpectedly there...

EconoBEE - BEE Points = Business

PPPFA Draft Regulations Published – EconoBEE Newsletter – 20 June 2016

        PPPFA Draft Regulations Published National treasury published draft PPPFA Regulations on 14th June 2016. The Preferential Procurement Policy Framework Act covers how organs of state must publish and evaluate tenders. These new regulations will replace the 2011 regulations when they come into effect. EconoBEE is holding...

EconoBEE - BEE Points = Business

Acting BEE commissioner speaks at EconoBEE event – EconoBEE Newsletter – 15 June 2016

  Acting BEE commissioner speaks at EconoBEE event On the 13th May 2016 EconoBEE was proud to host the acting BEE Commissioner Zodwa Ntuli at our monthly client breakfast. We had a fantastic event with over 80 professional business people from a wide variety of business interests. We host informative...

skills development

Skills Development vs SED – EconoBEE Newsletter – 21 April 2016

Skills Development vs SED The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it...

socio economic development

The Fine Line Between Skills Development and Socio Economic Development

The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it is essential that an...

Scheming schemes

We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way.We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not want our clients...

EconoBEE - BEE Points = Business

Implementing the Amended Codes – EconoBEE Newsletter – 11 Feb 2016

        Implementing the Amended Codes Changes to the BEE legislation will cause most businesses scores to drop substantially which will substantially limit their competitiveness in the market place. Alternative activities to earn points such as changing suppliers might require a radical directional change in business thinking and...

Are you an Empowering Supplier?

Do you qualify to be an Empowering Supplier? An answer of NO could seriously impact your BEE status. If a company fails to meet the Empowering Supplier Status requirements then their entire scorecard is not able to be used by their customers. It is therefore vitally important to ensure that...