Tagged: Charters
An Introduction To The Amended FSC (Financial Sector Codes)
An introduction to the Amended FSC (Financial Sector Code) for Procurement, Enterprise and Supplier development by Allan Maphanga, EconoServ
Amended Financial Sector Codes – Released 1 December
Download the Amended Financial Sector Codes released 1 December here
Amended Construction Codes – Released 1 Dec 2017
Download the Amended Construction Codes released 1 Dec 2017 here
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 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 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...
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...
ICASA REVIEWING BEE OWNERSHIP IN THE ICT COMMUNICATIONS SECTOR
Government agencies are becoming more demanding about accelerating transformation in the South African economy through BEE black ownership targets and businesses having a good BEE scorecard. We are starting to see this trend with gambling boards, liquor boards and most recently ICASA, to name a few. ICASA is insisting that...
ICT Sector Codes, Equity Ownership, 12 April Classic FM Interview
Sector Specific Codes – ClassicFM – EconoBEE
Lianne Levenstein live on ClassicFM discussing sector B-BBEE codes
Draft Construction Sector Codes – Interview with Lianne Levenstein, CEO EconoBEE
EconoBEE’s Lianne Levenstein talks about the Draft Construction Sector Codes. Recently 6 construction companies, excluding Murray & Roberts, agreeing to collectively contribute R1.25bn over 12 years to fund for various socio-economic developmental projects
Keith Levenstein of EconoBEE – BEE Expert talks to CNBC africa about the ICT BEE Sector
Keith Levenstein, CEO of EconoBEE (www.econobee.co.za) interviewed by CNBC Africa on the Recently gazetted ICT BEE Sector codes.
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 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...
Sector codes cause BEE joke – EconoBEE Newsletter – 19 July 2016
Sector codes cause BEE joke The Amended codes were originally gazetted in 2013. They arguably are substantially more onerous than the previous codes, particularly for small business. However all businesses are finding that, unless they work twice as hard and spend twice as much, their BEE level will...
Sector codes causing BEE and transformation to become a joke
The Amended codes were originally gazetted in 2013. They arguably are substantially more onerous than the previous codes, particularly for small business. However all businesses are finding that, unless they work twice as hard and spend twice as much, their BEE level will drop by 4 to 6 levels. The...
MAC Sector Code Gazetted – EconoBEE Newsletter – 14 April 2016
MAC Sector Code Gazetted The MAC sector code was gazetted on 1st April 2016. It applies immediately. In terms of sector codes, it is quite easy to reach high levels of compliancy – if you do the right activities properly. Join us for a 2...
Zero Hour for Amended BEE Charters – EconoBEE Newsletter – 4 February 2016
Zero Hour for Amended BEE Charters For years we have been pointing out the problems with sector codes: ineffective sector councils, non-compliance by entities, delays with reports and amendments, to name a few. The original amended codes were issued as a draft in 2012. Final codes in 2013....
Comments on the draft MAC charter, gazette 39175
IntroductionIt is impossible to give a proper and detailed critique or constructive suggestions on a document that is riddled with errors. The biggest concern is the stakeholders themselves seem to have no real interest in supporting the process.In particular we note that the letters of support from the stakeholders form...
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...
Advertising industry – hypocrites
The dti minister has released the MAC Charter in terms of section 9(5) of the B-BBEE Amendment Act. You can read it here. Section 9(5) means that the sector code has been released as a draft only. The public has 60 days to comment, after which the minister can decide...
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...