EconoServ | BBBEE & HR Blog

What are the Charters?

The dti has produced a document called “The Draft Codes of Good Practice” This document itemises the various aspects and elements of BEE, as set up and still to be approved by the stakeholders. The Act , however makes allowances for industries to set up their own BEE codes. Since...

“We are a BEE company”

I’m seeing a lot of companies advertising they are a “BEE company”. The press in particular describe certain companies as “BEE companies”. Clients tell me some of their purchases are from “BEE companies” I find this quite irritating – or else it is useless information! I presume that if a...

Becoming Black

This is a letter I wrote which was published in The Star of 16th October 2006. ================================================================== It would be good to see the bigoted students being given their wish of turning black. (The Star, 6th October). They might realize what it is like to be black in this country....

Phuthuma Nathi revisited

There seems to be a lot of unhappiness and complaints on various websites and blogs about this initiative. I’ve been wondering why and I think the following is true: This is one of the first very big broad-based offerings to the public in general. Most other BEE deals are between...

BEE Workshop in Potchefstroom

BEE WORKSHOP IN POTCHEFSTROOM We are pleased to announce that we will be visiting Potchefstroom on 12th October. We will be presenting a one day BBBEE workshop in conjunction with the Potchefstroom Business Association and F.F.G.and with the kind support of Bert’s Bricks. Introduction: BEE is a reality. Smart businesses...

multichoice building

The Multichoice – Phuthuma Nathi BEE Deal

I’ve been looking at this BEE deal. From a BBBEE perspective, I think it will achieve its objective of gaining many new black shareholders. It certainly will enable Naspers/Multichoice to earn additional BEE ownership points. There is quite a lot of emotion surrounding this offer – the usual “it’s discrimination”...

EconoBEE Blog

EconoBEE has recently started implementing a live online blog. This will allow us to quickly and easily add comments about Broad Based Black Economic Empowerment. This will be updated regularly so keep visiting. To view the blog click here. 

Free Markets and BEE

My philosophy is closest to that of Objectivism – made famous by Ayn Rand, author of “The Fountainhead” and “Atlas Shrugged”. Amongst others this includes a capitalist or free market economy. It also presumes individual freedom as an absolute. Now BBBEE does not imply a free market, so it was...

BEE is working

I’ve recently returned from a trip to Hazyview in Mpumalanga to help an organisation with BBBEE consulting. I was very impressed with the growth in the area. Hazyview, as well as Nelspruit, is growing – building operations are evident throughout the town/city. I remembered Hazyview as a small “one-horse” town....

Welcome to my blog

This blog is a place where I’ll write down my thoughts – about myself, about business and most of all about black economic empowerment (BBBEE), a topic close to my heart. I welcome your comments and thoughts – this is an emotive issue and I don’t want to get into...

Rating agencies vs Consultants

The Differences between Ratings Agencies and Consultants by Keith Levenstein – 13th September 2006 A ratings agency is one that will rate your company and produce a BEE scorecard. The Codes talk about “accredited” ratings agencies – i.e. agencies that have been accredited by SANAS (SA National Accreditation System). SANAS...

Points to levels table

BEE Scorecard – points to level rating table Contribution Level Qualification Level 1 Contributor ≥ 100 points Level 2 Contributor ≥ 85 points but < 100 points Level 3 Contributor ≥ 75 points but < 85 points Level 4 Contributor ≥ 65 points but < 75 points Level 5 Contributor...

How can BEE help me?

I recently had the opportunity of speaking at the Jo’burg Small Business Week. During the presentation a black lady asked me a question: “?I want to go into business – how can BEE help me? “ I found this an interesting question and gave the following response: “The Codes do...

OWNERSHIP IS ONE TO CONSIDER

OWNERSHIP IS ONE TO CONSIDER by Cathy Bryant    In order to bring certainty to a market place where “BEE deals” were being concluded with great fanfare but with very little economic flow-through into the economy to benefit people previously excluded from the economy, the Department of Trade and Industry...

“Goodbye Caird – Hello EconoBEE” – EconoBEE August 2006 Newsletter

“Goodbye Caird – Hello EconoBEE” by Keith Levenstein Many people will know I used to run Caird Consulting from my own offices. Caird is closing down, but EconoServ has started a new division, EconoBEE. EconoBEE will offer BEE advice, consulting on BEE issues, assistance, and EconoBEE Scorecard – a computerised...

Enterprise Development

Enterprise Development is worth 10 points on the generic scorecard and 20 points on the QSE scorecard. Enterprise develoment refers to your company assisting a black owned company with a high BEE score is some way. What form can this assistance take? Assistance can take the form of a monetary...