Category: Newsletter

Say YES to Matriculants and move up by 2 BEE levels

Welcome back from all at EconoServ! We hope that you had a wonderful festive season and are ready to start the year off. We are very excited about 2019 and what the year has to offer! We have updated our website to include our 2019 calendar of events and have...

KZN here we come!

EconoServ has some exciting news… We have been in the BEE industry for over 10 years and are leaders in transformation. We currently service clients all over South Africa on our wide range of transformation services. We are extremely excited to announce that we are opening up an office in...

Employment Equity Reports

Submitting Employment Equity Reports

Submitting your Employment Equity reports is a requirement of the EE Act. We can assist you to submit. Click here or you can gather an enormous amount of free information from our website All designated employees are expected to submit their Employment Equity (EE) reports annually to the Department of...

bee ownership

How to sell part or all of your business for profit. How do the new codes affect ownership. Are you ‘giving away’ your business? Not if you plan property.

Ownership on the new codes has made the scorecard increasingly more difficult and companies have no choice but to explore their options. It accounts for nearly one quarter of all BEE points and a critical tool to ensure full compliance with other policies. We realise that making a decision to...

Lianne Friedman

We Are Years Ahead Of The Pack

5 years ago we started being concerned about some educational trusts, employee trusts and broad based schemes. Not because we talk on behalf of govt or anyone else, but because we saw the huge risk of our clients earning zero points for doing lots of work, and wasting money when...

lumko learning

EconoServ Partners with Lumko Learning

Businesses need to continually train their staff, but the methods they chose to train could significantly influence the success of the training. In line with this, EconoServ has partnered with Lumko Learning to offer strategic training solutions. EconoServ CEO Lianne Friedman, says business-based training and development has been slow to...

Lumko Learning logo

Compliance Stress

Last week the BBBEE Commission announced that it would be investigating 17 companies for possible fronting. We have compiled a detailed analysis and have a link to the list of the company names – more info… Compliance Stress There are many stress factors in the work place. There are deadlines...

bee commission logo

B-BBEE Commission is getting serious about fronting

Following on from our previous newsletter where we criticized the B-BBEE Commission for not taking sufficient action against the scourge of fronting, the Commission has now issued a media statement naming 17 companies that are currently being investigated for possible fronting practices and non-compliance with the B-BBEE Act. The media...

B-BBEE Commission Disappoints

The business landscape has changed. Now more than ever external experts are needed to help business achieve the best possible results. Contact one of our consultants to see how we can assist your business achieve great results. B-BBEE Commission Disappoints We had hopes that the B-BBEE Commission (BEE Commission) would...

labour law presentation

Your EME/QSE Certificate may not be acceptable?

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 The business landscape has changed. Now more than ever external experts are needed to help a business achieve the best possible results. Contact one of our consultants...

Modified Flow Through Principle – newsletter 20 June 2017

[signinlocker id=”2544″]  There has been a lot of activity in the past couple of months on the BEE front. The B-BBEE Commission has issued an important practice guide covering the modified flow through principle (discussed in detail in this newsletter) The Forestry Sector Code been finalized The Property Sector Code...

CEE Annual Report

DoL’s CEE Report

More so than ever, transformation, radical economic transformation, BEE and employment equity are under the spotlight and it is imperative for all companies to comply with the relevant legislation. The recently issued Commission for Employment Equity results shows that many companies have not followed through with their plans in implementing...

financial sector codes

Financial Sector Codes are now released

Financial Sector code The FSC is still in draft phase. Parliament is getting quite concerned about the financial sector code and the slow pace of transformation in the financial sector. They are holding public hearings on the matter this week, and next week to try to sort this out. There...

reports

WSP and ATR deadline April 2017 – 7 March 2017

Well known BEE consultancy, EconoBEE, a division of the EconoServ group, is a successful leader in the BEE industry. We have many clients gaining value from our extensive experience. The good news is that we have expanded that process to EconoHR. EconoHR is a newly created division of EconoServ specialising...

ccma logo

The CCMA – The documents needed, time scales and procedures? Answering affidavit, and the types of applications that can be made

Applications to the CCMA are dealt with in terms of Rule 31 of the rules of the CCMA. Various types of applications can be made, including for condonation, joinder, substitution, variation or rescission. Let us look at one of these as an example of what it entails to bring an...

EconoBEE - BEE Points = Business

Kickstart 2017 – Events calendar – 6 February 2017

  2017 has already started off in an exciting and busy way. We can’t wait to help more companies comply and navigate their way around the complex legislation. Training and development has always been part of our culture. We have updated our events calendar for 2017 and have many exciting...

CCMA commissioners come down harshly upon employers – 15 November 2016

South Africa has possibly the most prescriptive and restrictive labour legislation in the world. Dismissals have to be both procedurally correct and substantively fair. Even if dismissals fulfill this requirement; many are challenged because although a CCMA application might be frivolous and vexatious; punitive costs awards against an ex-employee are...

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...

employment equity training

EE Compliance Requirements

#EECompliance Good Practice: Planning, Preparation, Implementation Employment Equity Plans The Department of Labour released the Code of Good Practice on Employment Equity Plans (EE Plans) on the 30th September 2016 after the document was issued for public comment on the 3rd September 2016. The objective of this code is to...

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...

EconoBEE - BEE Points = Business

Invitation: Labour Law – 28 September 2016

      EconoServ expands: Labour Law Labour law is an important aspect of your business.  It is fraught with problems if done incorrectly, but a breeze if all procedures are followed. No one likes appearing in the CCMA, or paying money for making a mistake. EconoHR is launching a...

EconoBEE - BEE Points = Business

BEE Commission Takes Aim at Ownership Schemes – EconoBEE Newsletter – 22 September 2016

  Ownership trusts have been an extremely common substitute for Ownership transactions. Trusts and similar schemes always had a dark cloud sitting over them because many believed they didn’t correctly follow the BEE legislation. Breaking news: This week The BEE Commissioner made her first moves at defining the status of...

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...