Tagged: Amended CoGP

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...

EconoBEE - BEE Points = Business

Empowering Supplier Temporarily Scrapped – 1 November 2016

    EconoBEE is an expert consultancy. Our advice has allowed many organisations to work through and implement long term sustainable strategies that remain inline with the essence of the BEE legislation. Our Managed Service is an effective consulting service to effectively manage BEE. Alternatively if you have a scheme...

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...

financial sector codes

Amended Codes Sub-Minimum requirements

  Introduction: The Amended Codes have sub-minimum requirements for three elements: ownership, skills development and enterprise and supplier. If an entity does not meet the minimum requirements on all three elements its calculated BEE level will drop by a further 1 level. Sub-minimum element – Ownership: The sub-minimum is 40%...

EconoBEE - BEE Points = Business

Amended QSE Codes – Commentary Period Extended – EconoBEE Newsletter – 07 November 2014

EconoBEE has been working extremely hard since the Amended QSE Codes were released to ensure that the interests of small businesses are kept close at heart. The Minister when gazetting the Amended QSE Codes allowed comments to be submitted up until 14 November 2014 which was only 35 days from...

Refined BEE Codes – salient points

Salient notes from The DTI presentation. Please note this is an unedited version of the presentation presented. More detail will become available shortly.   ======== BEE Codes Notes Slide 1 Sub min on O, Skils, supp development Ownership – 40% net value Skills – 40% whole element Sup dev –...

The New Targets Conundrum

Original publish date – Fri, 13 Jan 2012 11:13:24 +0000, Keith The BEE Codes of Good Practice sets variable targets for employment equity and procurement. For all other elements, there is a fixed target e.g 3% of NPAT for enterprise development. Employment equity and procurement have target that state “Years...

DTI Launches Draft B-BBEE Codes

Original publish date – Wed, 03 Oct 2012 07:13:12 +0000, Keith The long awaited draft B-BBEE Codes were officially launched by dti Minister Rob Davies on 2nd October 2012.The B-BBEE act requires that any changes to the BEE Codes be gazetted as a draft, giving the public a 60 day...