EconoServ | BBBEE & HR Blog

Better employee, employer relations

Employees are arguably the most valuable asset in a business. Employees can assist your business grow, similarly they can be extremely harmful. Understanding where everyone stands in terms of the acts is an excellent method to ensure continued success. Avoid any animosity between employees, understand employee limitations and manage employees...

mentorship

Mentorship

A huge part of the success of learnerships and specific learning programmes is mentorship or simply asking the employee how it is going an encourage them to do better. This process can often be time consuming anf fruitless if you don’t even have the correct documentation. Our SD managed service...

ict sector codes

ICT Sector Code is a Shambles

The recently gazetted ICT code is causing lots of unhappiness. One of the more controversial issues is the dti has changed the points to levels table. Level ICT points Amended Codes Points 1 >120 >100 2 115-120 95-100 3 110-115 90-95 4 100-110 80-90 5 95-100 75-80 6 90-95 70-75...

EconoBEE - BEE Points = Business

BEE Commission Takes Aim at Ownership Schemes – EconoBEE Newsletter – 22 September 2016

  Ownership trusts have been an extremely common substitute for Ownership transactions. Trusts and similar schemes always had a dark cloud sitting over them because many believed they didn’t correctly follow the BEE legislation. Breaking news: This week The BEE Commissioner made her first moves at defining the status of...

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...