Tagged: FAQ

labour relations q & A

Labour Relations Q&A

Q. Do the Labour Relations Act (LRA) and Basic Conditions of Employment Act (BCEA) laws that regulate the employment relationship apply to foreign nationals working in South Africa? A. Yes, South African employment laws apply to foreign nationals working in South Africa. Q. Are there any age restrictions on employees?...

employment Equity

How do l submit an Employment Equity (EE) report?

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   How do l submit an Employment Equity (EE) report? Submissions can be done manually or electronically....

So you need to become compliant?

If you need to be compliant, you will need to follow a long term process, that in the end becomes a habit. If you cannot answer “Yes” to every question in this checklist, you are likely to fail, or not achieve your own targets. 1) Does the board of directors...

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%...

bee questions

What does the “Points to Levels Table” mean?

Need a BEE Verification? We can assist you! View our managed services here. Click here to gather an enormous amount of free information from our website The scorecard is measured out of approximately 100 points. The codes have defined various levels that span a range of points. For example on the 2007 codes,...

TOP FIVE BEE INTERPRETATION MISTAKES: EMPLOYMENT EQUITY

Eleanor Roosevelt wisely said; “Learn from the mistakes of others. You can’t live long enough to make them all yourself”; and in business learning from ones’ own mistakes could amount to considerable outlay.  Expert BEE consultants, EconoBEE have used their vast experience to compile a list of the top five...

Executive Guide to BEE

{tab What is BEE?}BEE, or more accurately B-BBEE refers to Broad Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country. BEE is about broad-based activities that benefit black people Shortened Definition: Black means African black, coloured or Indian people who...

The basics of B-BBEE

B-BBEE (Broad-Based Black Economic Empowerment) Produce a BEE scorecard for your Business By Keith Levenstein & Gavin Levenstein Published in the BBQ Scorecard Magazine – Dec/Jan/Feb edition The basics of B-BBEE Where does BEE come from? A short background to BEE (Black Economic Empowerment) or more precisely B-BBEE (Broad-Based Black...

fears about new codes

Salient features of the final codes

7th December 2006 We are still awaiting confirmed details of the final codes, but reports are the following: 1) EMEs – The threshold has been increased to R5 million per annum. If your business has a turnover of less than R5 million you will automatically be exempted from all forms...

How to become BEE Compliant

By now you have probably received many letters from customers asking you for your organization’s Broad-based Black Economic Empowerment (BBBEE) status. It is not difficult to become BEE Compliant. Follow our 4 phase process: Education: The first phase of BEE is education – you need to learn what BEE is...

Who is affected by BEE?

Looking purely from a business viewpoint, most businesses will be affected in some way or another. The act itself is only binding on Government, not business. This means that a business cannot and will not be prosecuted for failing to adhere to the act, as there are no requirements for...

Why do I need a BEE Scorecard?

Are you getting pressure from your customers for your BEE Score? Are they asking for a BEE profile? If so, then, in order to satisfy customer requests you will need to start building up a BEE profile and scorecard. If not, then you don’t need a scorecard now, but it...

BBBEE Scorecard

What is the BEE Scorecard?

The basics of the BEE scorecard Government needed a way to asses companies BEE status. They wanted to know if a company was black or non-black. The most obvious is “are you owned by a black person”. This is a narrow based. The B-BBEE (Broad Based BEE) Scorecard are guidelines...

BEE Verification - Rating Agencies

What is a Rating Agency?

A rating agency is a company that can help you to calculate your BEE score as per the act. The dti/SANAS is going to ACCREDIT rating agencies sometime in the early to middle of 2007 (subject to the finalisation of the Codes). Until that happens, there are no officially accredited...

Points to levels table

BEE Scorecard – points to level rating table Contribution Level Qualification Level 1 Contributor ≥ 100 points Level 2 Contributor ≥ 85 points but < 100 points Level 3 Contributor ≥ 75 points but < 85 points Level 4 Contributor ≥ 65 points but < 75 points Level 5 Contributor...

Lianne Friedman

What is BEE

BEE or more accurately Broad-Based Black Economic Empowerment (BBBEE) is the process by which the government is trying to ensure economic equity amongst race groups. It is governed by the The act is intended to encourage transformation by including black people in the economy. It covers aspects such as equity...