EconoServ | BBBEE & HR Blog

Questionnaires revisited

I still see hundreds of questionnaires asking our clients their BEE status. Most questionnaires are not very comprehensive – they still tend to ask only ownership and management questions. Yesterday we saw a very good questionnaire from one of the large corporates. It stuck faithfully to the generic scorecard –...

Organisational Culture and BEE

“EconoBEE in association with Steve Banhegyi and Associates presents – Organisational Culture and BEE – Using change management technologies to generate enthusiasm and dispel fear.” EconoBEE Presents: Organisational Culture and BEE Date: 22 November 2006 – 8:00am – 12:30pm Venue: the Forum, Bryanston Cost: R980 ex VAT (R1117.20 incl VAT)...

Tax Benefits of BEE – What Sars is doing to make BEE more attractive

31st October 2006 Moneyweb have written an article on our tax incentives for BEE deals workshop presented by Cathy Bryant. Published on http://www.moneyweb.co.za/economy/tax/348510.htm. Written by Monique Vanek Most small businesses find compliance with black economic empowerment (BEE) difficult but those which comply will receive tax benefits. Small to medium enterprises...

When to ask for a BEE Scorecard

Broad Based BEE’s Preferential Procurement element very cleverly allows companies to score points when they buy from BEE Compliant companies. This helps incentivise buying from companies who have good BEE scorecards. It also makes companies who have low scores improve them. At this moment all your suppliers have already been...

Ignorance of BEE

I get amused, no – actually annoyed, when people display total ignorance, and use pre-conceived ideas without availing themselves of the facts. This is not only a trait of people with regards to BEE, but many, of not most subjects. In the case today a person has written to us...

A new Business environment

If you were to go to New York city and decide to open a fish and chips shop in lower Manhattan, and call it “The Osama Bin Laden Best Fish Shop”, you would probably lose your money. Everyone knows that it would offend most of your potential customers. If you...

Who is affected by BEE?

Looking purely from a business viewpoint, most businesses will be affected in some way or another. The act itself is only binding on Government, not business. This means that a business cannot and will not be prosecuted for failing to adhere to the act, as there are no requirements for...

Why do I need a BEE Scorecard?

Are you getting pressure from your customers for your BEE Score? Are they asking for a BEE profile? If so, then, in order to satisfy customer requests you will need to start building up a BEE profile and scorecard. If not, then you don’t need a scorecard now, but it...

BBBEE Scorecard

What is the BEE Scorecard?

The basics of the BEE scorecard Government needed a way to asses companies BEE status. They wanted to know if a company was black or non-black. The most obvious is “are you owned by a black person”. This is a narrow based. The B-BBEE (Broad Based BEE) Scorecard are guidelines...

BEE Verification - Rating Agencies

What is a Rating Agency?

A rating agency is a company that can help you to calculate your BEE score as per the act. The dti/SANAS is going to ACCREDIT rating agencies sometime in the early to middle of 2007 (subject to the finalisation of the Codes). Until that happens, there are no officially accredited...

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. 

Empowerdex and its rating system

I respect Empowerdex, as one of the first BEE consulting/rating firms. They have a very good name and I refer many clients to them. However I’m concerned that they still seem so hung up on their own rating system – A,AA,B,C etc. In today’s The Star, there is a half...

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...