One of the common and confusing BBBEE questions that most clients often ask is that they want their company rated or verified. We have prepared an easy to follow guide that will take you through the entire BEE Scorecard process. B-BBEE Scorecard What is the BEE Scorecard and do I...
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Get your FREE download of our BEE in 5 Minutes Crash Course. {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...
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EconoBEE's 10 Steps to BEE Compliance Smart businesses recognise the need for BEE, the really smart businesses have started to implement BEE and take advantage of the business opportunities within BEE. We have prepared the 10 most important steps a business needs to take in order to best implement BEE. Learn...
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Time to produce a BEE Scorecard With the gazetting of the BBBEE Codes of Good Practice some of your customers have started asking you about your BEE Status. As time goes on companies will need your BEE Scorecard more urgently and may start looking for alternative suppliers. In a short...
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The demographics of South Africa are roughly 90% African, Coloured, Indian and 10% White, unfortunately most demographics of companies are far from this. The EE act aims to redress this issue and improve the demographics through good skills development and mentoring of individuals to be promoted. Compliance with the Employment...
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The concept of equal work for equal pay is one of the main amendments to the act and entails remuneration of staff that do the same or similar job. But can depend on the performance between the individuals, length of service or qualification and competence ...
High penalties and CCMA hearings are dreaded by business owners. In part because they do not understand what is required and because they do not want to be exposed to high risk. Comprehensive compliance with the relevant acts ensures that whenever a situation arises it is handled in line with...
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Employees are arguably the most valuable asset in a business. Employees can assist your business grow, similarly they can be extremely harmful. Understanding where everyone stands in terms of the acts is an excellent method to ensure continued success. Avoid any animosity between employees, understand employee limitations and manage employees...
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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...
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EconoBEE
  ICASA White Paper Recommends 30% Black Ownership for Licences In future, businesses wanting a licence from ICASA may be required to have a minimum of 30% black ownership and a high BEE score. The current black ownership requirement is 25%. It also means that suppliers to these businesses will...
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EconoBEE - Black Economic Empowerment
  Check out our events calendar to keep up to date on all events. 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...
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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 have...
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BEE regulations state that organs of state, public entities and JSE listed companies must report on their compliance to the BEE Commission. We asked the BEE Commissioner what the status of reporting is:  
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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
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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...
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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 work...
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No confusion regarding the implementation of the Broad-Based Black Economic Empowerment Act 2015-05-05 - published by the DTI     The Department of Trade and Industry (the dti), would like to set the record straight regarding the implementation of the amended  BBBEE Codes of Good Practice in terms of the Broad-Based...
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The President has appoined a new BEE Council. See http://www.timeslive.co.za/politics/2014/10/23/zuma-appoints-new-bee-council     ...
The dti has announced its intention to do away with private verification agencies, and start performing its own verification. See http://www.dti.gov.za/editmedia.jsp?id=3106   We see this as a ridiculous attempt to solve a genuine problem. There is a problem with verification: The purpose of verification is to give confidence in any...
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By Stephen Timm on 12 October 2013 in News by Small Business Connect GONE are the days when fronting simply meant white business owners passing off their gardeners as company directors. These days, business people and rating agencies are using far more subtle techniques to get around black economic empowerment...
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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. In 2012 we pointed out that the sector codes...
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Keith Levenstein, CEO of EconoBEE, a BEE advisory firm, has been appointed to the dti task team to examine and report on broad-based BEE schemes. The task team was established as a consequence of the controversy around ownership notices issued by the minister in May 2015. Levenstein said there has...
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BEE codes for small business flex muscle Dewald van Rensburg    @City_Press City Press   12 October 2014 15:00 The long-awaited new BEE codes for small companies are far tougher than their 2007 predecessor. According to Keith Levenstein of consultancy EconoBEE, they could knock a company currently enjoying level 2 status all...
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BEE codes for small companies chided by Samuel Mungadze, 13 October 2014, 05:58 - Business Day NO SOONER had the Department of Trade and Industry published new codes that require black economic empowerment (BEE) in small business than critics emerged, arguing that the move would stymie small business. The government and private...
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GENERAL NOTICE NOTICE 1019 OF 2013 DEPARTMENT OF TRADE AND INDUSTRY I,    Dr Rob Davies, Minister of Trade and Industry, hereby: (a)    Issue the following Codes of Good Practice (the codes) under section 9 (1) of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003); and (b)    Determine that these Codes will...
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Forest Sector Code ...
Tourism Sector Code ...
      Government Gaze Staatskoerant   o     :te     REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA       Vol. 528   N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposes   ...
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