EconoServ | BBBEE & HR Blog

Employment Equity Reports

Submitting Employment Equity Reports

Submitting your Employment Equity reports is a requirement of the EE Act. We can assist you to submit. Click here or you can gather an enormous amount of free information from our website All designated employees are expected to submit their Employment Equity (EE) reports annually to the Department of...

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BEE Commission to Face its Biggest Challenge and Set Precedent

The BEE Commission is about to set a precedent which will decide the validity of what, to date, have been questionable BEE transactions.  The BEE Act states that the BEE Commission must maintain a registry of major transactions. Regulations issued in 2017 defined a major transaction as a deal worth...

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JSE-listed companies will be required to submit their BEE Compliance Report to the BEE Commission by 1 June 2018. Read more about what is required.

By Lianne Friedman, CEO of EconoServ   An amendment to the JSE listing requirements will require companies to provide the BEE Commission with a copy of their compliance report. The first disclosure period is scheduled for 1 June 2018. The JSE says that the aim of the amendment is to...

N’anga

Traditional healer (Sangoma) medical certificates – a sensitive issue where employers need to tread carefully

Traditional healer (Sangoma) medical certificates The issue of medical certificates that come from traditional healers is a sensitive issue that needs employers to tread carefully. Legal Traditional Health Practitioners Act 22 of 2007 Basic Conditions of Employment Act 75 of 1997   Resource: Traditional Health Practitioners Act   Let’s first determine...

Insubordination vs. Insolence

Insubordination vs. Insolence – how to distinguish and address ambiguity

Employers and Human resources personnel experience a common problem distinguishing between insubordination and insolence. Let’s first define the two terms in order to eradicate the grey area that exists: Insubordination refers to the intentional refusal to obey an employer’s lawful and reasonable orders. Insolence refers to cheeky, rude, abusive or...

bee ownership

How to sell part or all of your business for profit. How do the new codes affect ownership. Are you ‘giving away’ your business? Not if you plan property.

Ownership on the new codes has made the scorecard increasingly more difficult and companies have no choice but to explore their options. It accounts for nearly one quarter of all BEE points and a critical tool to ensure full compliance with other policies. We realise that making a decision to...

Lianne Friedman

We Are Years Ahead Of The Pack

5 years ago we started being concerned about some educational trusts, employee trusts and broad based schemes. Not because we talk on behalf of govt or anyone else, but because we saw the huge risk of our clients earning zero points for doing lots of work, and wasting money when...

lumko learning

EconoServ Partners with Lumko Learning

Businesses need to continually train their staff, but the methods they chose to train could significantly influence the success of the training. In line with this, EconoServ has partnered with Lumko Learning to offer strategic training solutions. EconoServ CEO Lianne Friedman, says business-based training and development has been slow to...

Lumko Learning logo

Compliance Stress

Last week the BBBEE Commission announced that it would be investigating 17 companies for possible fronting. We have compiled a detailed analysis and have a link to the list of the company names – more info… Compliance Stress There are many stress factors in the work place. There are deadlines...

bee commission logo

B-BBEE Commission is getting serious about fronting

Following on from our previous newsletter where we criticized the B-BBEE Commission for not taking sufficient action against the scourge of fronting, the Commission has now issued a media statement naming 17 companies that are currently being investigated for possible fronting practices and non-compliance with the B-BBEE Act. The media...

mining charter

Mining Charter 2017 – Why did the Dept of Mineral Resources add potentially contentious clauses? Read about the “trumping” clause.

I like to understand why someone takes a particular action. In this case “Why did the dept of mineral resources take the step of writing and put in some very contentious clauses in the new charter?”. Many simple minded people will state that it was written “by the Guptas for...

Practice Guide 01 Of 2016 The Recognition Of Third Party Procurement Spend

Download The Broad-Based Black Economic Empowerment Practice Guide here: [signinlocker id=”2544″] 1. The Recognition Of Third Party Procurement Spend 2. Broad-Based Black Economic Empowerment Certificates With Regard To Exempted Micro Enterprises And Qualifying Small Enterprises 3. Procedure For Requesting A Non-Binding Advisory Opinion [/signinlocker]

money-

Science proves money can buy happiness

Recent research by the Harvard Business School has proven that you can buy happiness if you spend money to save time. People who spend money to save time on items like housekeeping, delivery services and taxis are generally much happier than those who don’t. Likewise in business, you’re much happier...

B-BBEE Commission Disappoints

The business landscape has changed. Now more than ever external experts are needed to help business achieve the best possible results. Contact one of our consultants to see how we can assist your business achieve great results. B-BBEE Commission Disappoints We had hopes that the B-BBEE Commission (BEE Commission) would...

labour law presentation

Your EME/QSE Certificate may not be acceptable?

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 business landscape has changed. Now more than ever external experts are needed to help a business achieve the best possible results. Contact one of our consultants...

mining charter

Mining Charter Newly Gazetted. Ownership has increased from 26% to 30%. It also affects suppliers to the mining industry.

We have had a tremendous response to our last newsletter covering the Mining Charter in great detail. If you missed the article you are welcome to visit our website to read it. Alternatively, if you require a solution our consultants can assist. Attention: Companies in the mining industry On the...

Modified Flow Through Principle – newsletter 20 June 2017

[signinlocker id=”2544″]  There has been a lot of activity in the past couple of months on the BEE front. The B-BBEE Commission has issued an important practice guide covering the modified flow through principle (discussed in detail in this newsletter) The Forestry Sector Code been finalized The Property Sector Code...

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JSE-listed companies lax in B-BBEE compliance – listen to SAFM’s – interview with Lianne Friedman.

The B-BBEE Commission says it will take action against non-complying JSE-listed companies. The amendment act requires JSE-listed companies to report on their compliance in terms of B-BBEE to the newly introduced commission. The format of reporting is yet to be prescribed but, given the requirement for public entities to do...

Lianne Friedman CV

Lianne Friedman is the young and lively CEO of EconoServ. One would think that she has achieved it all but this only marks the beginning of her milestones. Lianne started from the bottom. In proving her worth and working herself out of her position, she became a senior consultant, consulting...

EconoBEE - BEE Points = Business

Crash Course in BEE – B-BBEE in 5 minutes

EconoServ has an enormous repository of useful information! View our news & resources to gather free information from our website. What is BEE? BEE, or more accurately B-BBEE refers to Broad Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country....

CEE Annual Report

DoL’s CEE Report

More so than ever, transformation, radical economic transformation, BEE and employment equity are under the spotlight and it is imperative for all companies to comply with the relevant legislation. The recently issued Commission for Employment Equity results shows that many companies have not followed through with their plans in implementing...

BEE sector codes

B-BBEE Companies Must Comply or Face Action: Trade and Industry Minister

The Minister of Trade and Industry (the dti) Rob Davies has said that the Broad-Based Economic Empowerment (B-BBEE) Commission should take action against companies that are found not complying with the B-BBEE requirements for transformation. To date, the Commission has only received 27 reports from the Johannesburg Stock Exchange (JSE)...

sector codes rob davies

BEE Sector Codes Creating Confusion

When the BEE amended codes were launched nearly five years ago, the intention was to make the codes simpler and encourage transformation. But since then the codes have done the opposite. They have become more complex, causing confusion in the market and harming transformation. Businesses needing to adhere to the...

JSE Compliance vs Public Enterprises

BEE regulations state that organs of state, public entities and JSE listed companies must report on their compliance to the BEE Commission. We asked the BEE Commissioner what the status of reporting is:   I know compliance by JSE companies is low. How many public entities and organs of state...