Tagged: Popular

bee ownership

How to sell part or all of your business for profit. How do the new codes affect ownership. Are you ‘giving away’ your business? Not if you plan property.

Ownership on the new codes has made the scorecard increasingly more difficult and companies have no choice but to explore their options. It accounts for nearly one quarter of all BEE points and a critical tool to ensure full compliance with other policies. We realise that making a decision to...

lumko learning

EconoServ Partners with Lumko Learning

Businesses need to continually train their staff, but the methods they chose to train could significantly influence the success of the training. In line with this, EconoServ has partnered with Lumko Learning to offer strategic training solutions. EconoServ CEO Lianne Friedman, says business-based training and development has been slow to...

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...

B-BBEE Commission Disappoints

The business landscape has changed. Now more than ever external experts are needed to help business achieve the best possible results. Contact one of our consultants to see how we can assist your business achieve great results. B-BBEE Commission Disappoints We had hopes that the B-BBEE Commission (BEE Commission) would...

labour law presentation

Your EME/QSE Certificate may not be acceptable?

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 business landscape has changed. Now more than ever external experts are needed to help a business achieve the best possible results. Contact one of our consultants...

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...

EconoBEE - BEE Points = Business

Crash Course in BEE – B-BBEE in 5 minutes

EconoServ has an enormous repository of useful information! View our news & resources to gather free information from our website. 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....

CEE Annual Report

DoL’s CEE Report

More so than ever, transformation, radical economic transformation, BEE and employment equity are under the spotlight and it is imperative for all companies to comply with the relevant legislation. The recently issued Commission for Employment Equity results shows that many companies have not followed through with their plans in implementing...

financial sector codes

Financial Sector Codes are now released

Financial Sector code The FSC is still in draft phase. Parliament is getting quite concerned about the financial sector code and the slow pace of transformation in the financial sector. They are holding public hearings on the matter this week, and next week to try to sort this out. There...

reports

WSP and ATR deadline April 2017 – 7 March 2017

Well known BEE consultancy, EconoBEE, a division of the EconoServ group, is a successful leader in the BEE industry. We have many clients gaining value from our extensive experience. The good news is that we have expanded that process to EconoHR. EconoHR is a newly created division of EconoServ specialising...

ccma logo

The CCMA – The documents needed, time scales and procedures? Answering affidavit, and the types of applications that can be made

Applications to the CCMA are dealt with in terms of Rule 31 of the rules of the CCMA. Various types of applications can be made, including for condonation, joinder, substitution, variation or rescission. Let us look at one of these as an example of what it entails to bring an...

EconoBEE - BEE Points = Business

Kickstart 2017 – Events calendar – 6 February 2017

  2017 has already started off in an exciting and busy way. We can’t wait to help more companies comply and navigate their way around the complex legislation. Training and development has always been part of our culture. We have updated our events calendar for 2017 and have many exciting...

CCMA commissioners come down harshly upon employers – 15 November 2016

South Africa has possibly the most prescriptive and restrictive labour legislation in the world. Dismissals have to be both procedurally correct and substantively fair. Even if dismissals fulfill this requirement; many are challenged because although a CCMA application might be frivolous and vexatious; punitive costs awards against an ex-employee are...

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...

employment equity training

EE Compliance Requirements

#EECompliance Good Practice: Planning, Preparation, Implementation Employment Equity Plans The Department of Labour released the Code of Good Practice on Employment Equity Plans (EE Plans) on the 30th September 2016 after the document was issued for public comment on the 3rd September 2016. The objective of this code is to...

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...

EconoBEE - BEE Points = Business

Invitation: Labour Law – 28 September 2016

      EconoServ expands: Labour Law Labour law is an important aspect of your business.  It is fraught with problems if done incorrectly, but a breeze if all procedures are followed. No one likes appearing in the CCMA, or paying money for making a mistake. EconoHR is launching a...

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...