Black Economic Empowerment (B-BBEE) / General / Newsletter
by administrator · Published April 13, 2017 · Last modified July 19, 2017
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 - EE / General / Newsletter
by administrator · Published April 13, 2017 · Last modified December 13, 2017
#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...
Black Economic Empowerment (B-BBEE) / General / Newsletter
by administrator · Published April 13, 2017 · Last modified July 19, 2017
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...
General / Labour Relations / Newsletter
by administrator · Published April 13, 2017 · Last modified July 19, 2017
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...
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...
Sector codes cause BEE joke The Amended codes were originally gazetted in 2013. They arguably are substantially more onerous than the previous codes, particularly for small business. However all businesses are finding that, unless they work twice as hard and spend twice as much, their BEE level will...
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...
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...
Black Economic Empowerment (B-BBEE) / Newsletter
by administrator · Published April 21, 2016 · Last modified January 15, 2018
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...
MAC Sector Code Gazetted The MAC sector code was gazetted on 1st April 2016. It applies immediately. In terms of sector codes, it is quite easy to reach high levels of compliancy – if you do the right activities properly. Join us for a 2...
Amended Codes Future Proof your BEE Status April 2016 is an extremely important month for many South African businesses. Since the Amended Codes transitional deadline ended at the end of April 2015 many businesses received their last old codes scorecard in April 2015 which expires in...
If you need a BEE certificate you also need a managed consulting service Our managed service will handle all the time consuming and difficult parts of BEE. Since the amendments in 2013 BEE has become far more onerous and complex. One person in a company cannot...
You’re receiving this information packed newsletter from EconoBEE Dear [Name] 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...
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...
Zero Hour for Amended BEE Charters For years we have been pointing out the problems with sector codes: ineffective sector councils, non-compliance by entities, delays with reports and amendments, to name a few. The original amended codes were issued as a draft in 2012. Final codes in 2013....
Welcome to 2016 We would like to wish all our valued readers a warm welcome to 2016. We are expecting a particularly busy and very interesting year ahead. 2016 will be the first complete year using the Amended Codes which means we are out of the transitional phase...
Do you qualify as an Empowering Supplier? An answer of “no” for your Empowering Supplier status 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...
BEE Trumping clause 24th October 2015 was an important date in the history of BEE. It marks exactly one year since the B-BBEE Amendment Act came into effect. The Amendment Act instituted many issues including penalties for fronting and the appointment of the BEE Commissioner. One little commented on aspect...
Our last newsletter “Overlapping Rating Periods – Right or Wrong” received such a wonderful response. Unsurprisingly it is a very controversial aspect of current verification preparation. Hopefully we will see some positive responses from the DTI to accommodate the unfairness caused by the DTI’s delayed announcement. Time to Abolish the...
by administrator · Published August 26, 2015 · Last modified February 28, 2018
The entire EconoBEE team is very pleased to announce that our partners EconoHR will be hosting the first in a series of events covering technical Labour Law practices. Executive Summary The Labour Relations Act which was recently amended, governs labour practices such as disputes and dismissals. Procedurally incorrect or...
Practical Implementation of the Amended BBBEE Codes Strategic implementation of B-BBEE using the Amended Codes is vital to achieve a high BEE score. The impact of the Amended Codes will be substantial, a current level 4 generic could quite practically drop to a level 8 or even non-compliant. Companies worse...
April 2015 was by far every BEE Verification agency’s busiest period. With as much as 60% – 70% of all companies going through a rating around that time period. Now that the “big April rush” is over we have more time to offer our insights into what will happen next....
Amended QSE CodesWe now finally have clarity on the Amended QSE Codes. The DTI gazetted them on 6 May 2015. Although small businesses have met them with mixed emotions, we are quite pleased that with early planning small businesses can still achieve a high BEE score. The Amended QSE Codes...
Amended Codes Planning The Amended Codes are set to come into full effect on 1 May 2015. This means that any business that relies on their BEE status to be awarded business needs to plan ahead to enure they achieve the best possible score. Join us for our Practical Implementation...
DTI Interpretations Catches President in Lie DTI’s interpretations has caused the President to be caught out in a lie. In his answers to the SONA debate, the President stated that only 3% of the JSE was owned by black people. The JSE then released its own study showing that black...
You’re receiving this information packed newsletter from EconoBEE Clarify your Amended Codes Strategy The Amended Codes are set to come into full effect on 1 May 2015. This means that any business that relies on their BEE status to be awarded business needs to plan ahead to enure they...
Final chance to get in before the Amended Codes The Amended Codes are set to come into full effect on 1 May 2015. Despite the media coverage () talking about potential delays it still remains in everyone’s interests to be prepared for the worst case scenario. Verification prior to 1...
Welcome back and happy new year to all our valued readers, clients and associates. Certainly the most overwhelming part to the new year is the bittersweet view that 2015 is the year that the Amended B-BBEE Codes come into effect. On Monday morning while welcoming back all our staff I...
EconoBEE has been working extremely hard since the Amended QSE Codes were released to ensure that the interests of small businesses are kept close at heart. The Minister when gazetting the Amended QSE Codes allowed comments to be submitted up until 14 November 2014 which was only 35 days from...
We at EconoBEE are very excited to announce that the DTI has now gazetted for public comment the Amended B-BBEE Codes of Good Practice for QSEs, The Development Methodology for Sector Codes, Specialised Enterprises Scorecard, Sale of Assets and Equity Equivalents. The deadline for public comments is 14 November 2014....
Our regular newsletters keep readers up-to-date with BEE and Labour Law News, as well as skills development & ownership tips. Just enter your details to register.
Our regular newsletters keep readers up-to-date with BEE News, as well as employment equity, skills development & ownership tips. Just enter your details to register.