Tag Archives: BEE
Broad-Based Black Economic Empowerment Has The Power To Drive Transformation In South Africa
B-BBEE has the power to drive transformation, but only if businesses harness the benefits for themselves. Many companies are still finding it difficult to get a handle on what Broad-Based Black Economic Empowerment (B-BBEE) is meant to achieve.
The complexities of the seven Codes and the variations in how points are scored within the different [...]
Are There Business Benefits To BEE?
Legislation is like a rowboat. The boat is provided for you to get to the other side, but you have to row it in the right direction in order to get there. According to Deon Oberholzer, CEO of Black Empowerment Equity specialist agency Veri-Com, this is the thinking behind the new regulations on Preferential Procurement [...]
Can A New Financial Model Solve Poverty In South Africa?
Forty-six days a year at R64 a day. That is the average scope of a job created by the Expanded Public Works Programme (EPWP) according to figures released by the South African Institute of Race Relations in January 2011.
Mannie Hirsch, prominent businessman and founder of The Gestalt Group, a consulting firm based in Johannesburg, [...]
Is South Africa’s Political Turmoil Derailing BEE?
The current political turmoil has had devastating effects on certain areas of the economy and may result in further unfortunate consequences for those involved and for many bystanders. In these uncertain times, it is easy for business to lose sight of its vision and goals, and focus on the negativity that abounds.
Deon Oberholzer, CEO of [...]
Investment In Emerging Businesses Earns Bonus Points On Your BEE Scorecard
Return on investment is a growing and welcome focus of enterprise development in South Africa. The business sector is gradually coming to see that a holistic approach to investing in emerging enterprises will not only allow companies to score up to 15 points on their BEE scorecards, but also stimulate SME growth and bring significant [...]
Economic Growth = Growing Entrepreneurship
If South Africa’s economy is to continue to see healthy growth, we need more people actively involved as employers, and not just employees. Creating employment is one, if not THE most important challenge for South Africa, and if we are going to tackle it effectively, a change in perspective is required on several fronts.
1.Unemployment
The first [...]
Is BEE different for small businesses?
It’s a conversation that many a group of business owners has got into of late: “Should I or shouldn’t I get BEE compliant?” While there are advantages to being BEE rated (being able to supply national or local government departments, for example, or becoming a preferential supplier to other BEE-compliant companies) it can also be [...]
What happens if you don’t do your BEE stuff properly?
First off, contrary to a particularly annoying stigma out there (luckily a not-to-widely-believed one), the government won’t come and take your business away if you don’t get a BEE certificate. Not directly, at least. But your business can suffer indirectly from not having a BEE certificate.
You see, one of the elements that your business can be [...]
Reminder to submit Workplace Skills Plans by Tuesday 30 June
Just a reminder that the deadline to submit Workplace Skills Plans is the end of business on Tuesday 30 June. The 2 most compelling reasons to submit the WSP are:
If an organisation doesn’t submit a WSP they are not allowed to count one cent of their training spend on their BEE Scorecard (this doesn’t apply [...]
BEE for SME’s
Last week 6 more verification agents were accredited which means that there are now 11 BEE Verification agencies in South Africa. What are BEE verification agencies you ask? Well they’re the companies that ‘audit’ your BEE Scorecards and the information that you have provided in calculating your organisation’s BEE Rating. Now that these verification agencies [...]
