Category: Newsletter

B-BBEE Amendment Bill Gazetted – EconoBEE Newsletter – 12 December 2011

The minister has gazetted the B-BBEE Amendment Bill. It gives the public 60 days to comment before going to parliament. Salient features of the proposed act: In many instances the act expands on issues that were already included, but issues clarifications. The definition of Broad-Based Black Economic Empowerment has been...

EconoBEE - BEE Points = Business

BEE Changes! – EconoBEE Newsletter – 07 December 2011

Government tenders are now finally fully aligned to Broad Based Black Economic Empowerment. The biggest business news this month are the changes to PPPFA regulations starting 7th December 2011. The biggest impact of this is that government tenders can no longer be awarded to “tenderpreneurs”. It completely changes how government...

EconoBEE - BEE Points = Business

B-BBEE – Top 5 biggest mistakes – EconoBEE Newsletter – 02 November 2011

You’re receiving this information packed newsletter from EconoBEE Dear [Name] B-BBEE – Top 5 biggest mistakes Top five BEE interpretation mistakes: Ownership Black ownership percentage targets for Voting Rights The target for each of the above indicators is 25% plus 1 vote. Companies usually misinterpret this target and allocate 26%...

EconoBEE - BEE Points = Business

Use your BEE status to your advantage – EconoBEE Newsletter 27 October 2011

Dear [Name] The admin issue of doing BEE Procurement properly overwhelms even the biggest of businesses with the time consuming collection of certificates, data capture and the frustration. The apparent exorbitant cost of earning all the points for Enterprise Development stops most from spending the money and earning valuable BEE...

EconoBEE - BEE Points = Business

Tips and Tricks to win Government Business – EconoBEE Newsletter – 18 October 2011

You’re receiving this information packed newsletter from EconoBEE The admin issue of doing BEE Procurement properly overwhelms even the biggest of businesses with the time consuming collection of certificates, data capture and the frustration. The apparent exorbitant cost of earning all the points for Enterprise Development stops most from spending...

EconoBEE - BEE Points = Business

Strategies to win at business – EconoBEE Newsletter – 11 Oct 2011

The admin issue of doing BEE Procurement properly overwhelms even the biggest of businesses with the time consuming collection of certificates, data capture and the frustration. The apparent exorbitant cost of earning all the points for Enterprise Development stops most from spending the money and earning valuable BEE points. In...

BEE points to win government tenders – EconoBEE Newsletter – 04 October 2011

The admin issue of doing BEE Procurement properly overwhelms even the biggest of businesses with the time consuming collection of certificates, data capture and the frustration. The apparent exorbitant cost of earning all the points for Enterprise Development stops most from spending the money and earning valuable BEE points. In...

EconoBEE - BEE Points = Business

New rules for BEE Verification – EconoBEE Newsletter – 27 September 2011

Minister Gazettes Changes to Verification Requirements and Makes Grave Mistake The minister has approved IRBA as a B-BBEE Regulatory body. This means that auditors can now be accredited by their own body, IRBA (Independent Regulatory Body for Auditors) to verify BEE certificates. They will be known as “Approved Registered Auditors....

EconoBEE - BEE Points = Business

Government Tenders and BEE – EconoBEE Newsletter – 20 September 2011

Recently revised procurement regulations will have a major impact on the way government tenders are awarded.   PPPFA & Tenders – How to Create & Evaluate tenders using the new PPPFA National Treasury regulations regarding evaluation of tenders will be changed as from the 7th December 2011. Evaluation of tenders...

EconoBEE - BEE Points = Business

Enterprise Development Inconsistency – EconoBEE Newsletter – 14 September 2011

Enterprise Development inconsistency could cost you 12.75 points Enterprise Development is worth 15 points for generics, or 25 for QSEs. It differs slightly for some sector codes. Enterprise Development Definition There are many ways of earning points on Enterprise Development. One of the most controversial aspects of ED is the...

EconoBEE - BEE Points = Business

Win more government tenders – EconoBEE Newsletter – 08 September 2011

Dear Name Recently revised procurement regulations will have a major impact on the way government tenders are awarded. PPPFA & Tenders – How to Create & Evaluate tenders using the new PPPFA National Treasury regulations regarding evaluation of tenders will be changed as from the 7th December 2011. Evaluation of...

EconoBEE - BEE Points = Business

PPPFA – Moving forwards – EconoBEE Newsletter – 05 September 2011

PPPFA – Moving forwards 2011 has been the most successful year to date for BEE implementation for Government Departments. One of the last major milestones was reached in June 2011 when the Treasury gazetted their revisions to the Preferential Procurement Policy Framework Act (PPPFA). This act is the tender act...

EconoBEE - BEE Points = Business

Interpretations – Two sides to the same story – EconoBEE Newsletter – 19 July 2011

How much time can you save if you are well prepared for your next BEE Verification? An absolute fortune. Last week Thursday EconoBEE presented the first round of “Prepare for BEE Verification Conference” in Durban. This Thursday is Cape Town (21st July) and the 28th of July is Johannesburg. During...

EconoBEE - BEE Points = Business

PPPFA and BEE finally reconciled – EconoBEE Newsletter – 10 June 2011

The very long awaited amendments to the Preferential Procurement Policy framework act (PPPFA) have arrived. Well done to the DTI and the Treasury who have been working on this. These amendments bring the Broad-Based BEE Scorecard requirements into alignment with government tenders. This will have a massive and far reaching...

EconoBEE - BEE Points = Business

Spend more time on your business and less on BEE – EconoBEE Newsletter – 07 June 2011

Spend more time on your business and less on your BEE Verification. Instead of wasting countless unproductive hours with a BEE verification agency learn how to prepare for your next BEE Verification with EconoBEE – Prepare for BEE Verification Conference.   Conference: How to Prepare for a B-BBEE Verification Avoid...