Tagged: Charters

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Financial Sector Codes and Construction Sector Codes – Our comments

The dti minister, Dr Rob Davies has today (1 December 2017) gazetted the Financial Sector Codes (FSC) and the Construction Sector Codes. The FSC in particular has been long awaited. Until now the financial sector had been using the original financial sector codes which gave all in the FSC an...

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...

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...

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

Draft Construction Sector Code Workshop – 11 October 2016

        Draft Construction Sector Workshop The draft construction sector code has been signed for approval by the minister of the DTI. The draft construction sector code will now be available for a 60 day commentary period. The commentary period will end in December 2016 and will most...

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...

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

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...

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...

Abolish the Tourism Sector Code!

Sector codes were designed to allow industries to change the scorecard to be more applicable to a particular industry. For example the financial sector code identifies “access to finance” as one of the important elements applicable to the finance industry. The Construction Sector code uses a different adjustment for gender...