EconoServ | BBBEE & HR Blog

BEE Commission Takes Aim at Ownership Schemes

The BEE Commissioner is doing an excellent job combating fronting. In a short space of time the Commissioner, Zodwa Ntuli has issued Practice Guides, and issued notices to various organisations she felt who were not following the spirit and intention of the codes. The latest media release concerns a consultancy...

auditors

Approved Auditors No Longer Allowed to Consult on BEE

By Lianne Levenstein, CEO of EconoBEE, a BEE advisory firm Now that the IRBA (Independent Regulatory Board for Auditors) is ceasing its BEE regulation activities, auditors and agencies will have to cut down on their consulting work. SANAS (South African National Accreditation System) frowns on verification agencies doing any consulting...

Draft Construction Sector Codes Launch

Huge Impact on Construction Companies. Severely affects businesses with a turnover of under R10 million pa By Lianne Levenstein, CEO of EconoBEE, a BEE advisory firm Thabo Masombuka, CEO of the Construction Sector Council, has launched the draft Construction Sector Codes for comment before the final version. Quite unexpectedly there...

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...

skills development

Skills Development vs SED – EconoBEE Newsletter – 21 April 2016

Skills Development vs SED The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it...

socio economic development

The Fine Line Between Skills Development and Socio Economic Development

The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it is essential that an...

Scheming schemes

We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way.We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not want our clients...

EconoBEE - BEE Points = Business

Implementing the Amended Codes – EconoBEE Newsletter – 11 Feb 2016

        Implementing the Amended Codes Changes to the BEE legislation will cause most businesses scores to drop substantially which will substantially limit their competitiveness in the market place. Alternative activities to earn points such as changing suppliers might require a radical directional change in business thinking and...

EconoBEE - BEE Points = Business

Do you qualify as an Empowering Supplier? – EconoBEE Newsletter – 26 November 2015

    Do you qualify as an Empowering Supplier? An answer of “no” for your Empowering Supplier status 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...

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...

EconoBEE - BEE Points = Business

Time to Abolish the Sector Codes – EconoBEE Newsletter 13 October 2015

Our last newsletter “Overlapping Rating Periods – Right or Wrong” received such a wonderful response. Unsurprisingly it is a very controversial aspect of current verification preparation. Hopefully we will see some positive responses from the DTI to accommodate the unfairness caused by the DTI’s delayed announcement. Time to Abolish the...

employment Equity

Employment Equity Reporting 2017

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 Each year people are required to remember many different things. For example, every year you remember to...

Time to Abolish the Sector Codes

The sector codes have been a problem since the day they were first released. They add no value to the transformation process – in fact many companies use the “imminent release” of a sector code as a reason to continue delaying their own BEE activities. Companies choose to follow a...

EconoBEE - BEE Points = Business

Overlapping Rating Periods – Right or Wrong – EconoBEE Newsletter – 1 October 2015

  Overlapping Rating Periods – Right or Wrong BBBEE Compliance is a complex set of rules and regulations. Coupled with differing interpretations and confusion from DTI, Verification agencies, Consultants and companies themselves, it is sometimes quite daunting. Unfortunately we once again have a rather important issue to debate because of...

EconoBEE - BEE Points = Business

BEE Success or Failure – EconoBEE Newsletter – 10 September 2015

  BEE Success or Failure In every facet of business life in South Africa, Broad Based Black Economic Empowerment plays a substantial role. Since BBBEE is so important for business in South Africa why then are so many falling short on their own targets, or becoming overwhelmingly frustrated at having...

BEE Success or Failure

In every facet of business life in South Africa, Broad Based Black Economic Empowerment plays a substantial role. Since BBBEE is so important for business in South Africa why then are so many falling short on their own targets, or becoming overwhelmingly frustrated at having to meet seemingly impossible legislative...