Category: Newsletter

News Just in: Majority of ownership schemes are invalid!!

Ownership is an important priority element and, for years, we at EconoBEE have been saying that ownership needs to be done properly. Ownership deals must show valid economic interest and exercisable voting rights to black people in terms of the BEE Act. Voting rights and economic interest, and not just...

Gender Matters in BBBEE

The representation of women in the business world and economy has historically been a challenge within South Africa, more so in male-dominated professions. In terms of ownership, management control, enterprise and supplier development, skills development and socio-economic development there is recognition given to the representation of women in all five...

Is your BEE Certificate Valid?

BREAKING NEWS – Recently, a very large and well-known verification agency had their accreditation suspended by SANAS due to suspected unethical business practices. As a company, EconoBEE has always been outspoken about doing things right and implementing sustainable BEE transactions. In our line of work, our reputation, our ethics, and...

Learnerships and Apprenticeships List 2019

Please contact 011 483 1190 or email info@econobee.co.za for more information regarding the learnerships and apprenticeships on offer and the booking thereof.   Construction: Learnerships NQF SAQA Duration General Education & Training Certificate: Construction 1 49411 12 months National Certificate: Construction Road Works 2 24133 12 months National Certificate: Construction...

enterprise and supplier development

Enterprise Development within South Africa’s Current Economic Landscape

With the return of load shedding and a relatively flat economic growth trajectory, one could be forgiven for thinking that the business outlook is sluggish. How can we grow the economy and create a better South Africa for ourselves and generations to come? There are many reasons for our current...

Part Two of the Two Part Series on Skills Development:

Skills Development is not as expensive as you may think. The Skills Development Act aims to develop the skills of the South African workforce, thereby improving the quality of life for workers and giving them more prospects of work. It also aims to improve productivity in the workplace, the competitiveness...

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...