Category: Knowledge and Resources Centre

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...

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...

Dismissals – procedure for success

Human resource management in any business is such an important job. Your employees are a valuable resource to your company in the same way that a chemical resource is important to a soap manufacturer, if not more so. The HR department has important roles in the success of any business...

So you need to become compliant?

If you need to be compliant, you will need to follow a long term process, that in the end becomes a habit. If you cannot answer “Yes” to every question in this checklist, you are likely to fail, or not achieve your own targets. 1) Does the board of directors...

Privacy Policy

Your privacy is important to EconoServ SA CC (EconoBEE). This privacy statement provides information about the personal information that EconoBEE collects, and the ways in which EconoBEE uses that personal information. Personal information collection EconoBEE may collect and use the following kinds of personal information: information about your use of...

Terms and Conditions

  Website Terms and Conditions of Use Relating to http://www.econobee.co.za These Terms and Conditions (“the Terms and Conditions”) govern your (“the User”) use of the EconoServ SA cc (“Provider”) website located at the domain name http://www.econobee.co.za (“the Website”). By accessing and using the Website, the User agrees to be bound...

Broad-based schemes

Still making the news is the clarification issued by the dti on 5th May 2015, and its subsequent retraction on 15th May 2015.   The intention of the clarification was to clamp down on dodgy or as the minister calls them “mischievous” broad-based schemes – not to close them all....

Definition of Black

The B-BBEE Amendment Act 2013 defines Black as follows: ‘black people’ is a generic term which means Africans, Coloureds and Indians—(a) who are citizens of the Republic of South Africa by birth or descent; or(b) who became citizens of the Republic of South Africa by naturalisation—(i) before 27 April 1994;...

EconoBEE - BEE Points = Business

Amended QSE Codes – Commentary Period Extended – EconoBEE Newsletter – 07 November 2014

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...

bee advisory services

How Does Socio-Economic Development Work?

Socio-Economic Development (SED) is about facilitating sustainable access into the economy for black people. In order to gain maximum points in SED, the company has to spend 1% of NPAT. SED contributions can be monetary or non-monetary. Non-monetary contributions should be converted to a financial value in order to claim...

bee questions

What does the “Points to Levels Table” mean?

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 scorecard is measured out of approximately 100 points. The codes have defined various levels that span a range of points. For example on the 2007 codes,...

Abolish the Tourism Sector Code!

Sector codes were designed to allow industries to change the scorecard to be more applicable to a particular industry. For example the financial sector code identifies “access to finance” as one of the important elements applicable to the finance industry. The Construction Sector code uses a different adjustment for gender...

Third party rights

(a) Created against a black participant to secure, for a lender, repayment of a loan advance dot that participant for financing their purchaser of their equity instrument in the measured entity; (b) Held against a juristic person or trust that is in the chain of ownership between the measured entity...