Tag Archives: BEE
The Seven Deadly Sins Of BEE
Corporate governance in South Africa is a challenge for business owners, with new laws passed regularly. There are many regulations and policies to adhere to, with Black Economic Empowerment currently being the most prominent corporate governance issue, especially for those business owners wanting to secure business from government or corporates. Most business owners strategize and plan their BEE company [...]
What Is South Africa’s Solution?
In its manifesto the ANC commits to building a better life for all and to the transformation of South African society. Government has shown insight in proclaiming that political transformation without economic emancipation is meaningless and has committed to economic freedom for all. In such, job creation became a focus area. This is sound thinking, [...]
Is B-BBEE Really Benefiting Its Intended Target Market?
The term Black Economic Empowerment conjures up many positive and negative feelings for various reasons. South Africa’s government initiated Broad-Based Black Economic Empowerment (B-BBEE) in a bid to redress the inequalities of the past and empower the South African people. The programme has evolved significantly over the years and, while positive in many respects, has [...]
Serendipity In Unlikely Places
The marriage of Enterprise Development and BBBEE compliance promises to be fruitful – as long as we can get them to the altar, the right way. Sometimes we do encounter a union where the two partners are truly meant for each other. The Department of Trade Industry got its matchmaking right when it introduced Enterprise [...]
BBEE Amendment Bill May Not Solve The Problem
The Broad-Based Black Economic Empowerment (BBBEE) Amendment bill that is under review after the period for public comment is expected to be released later this year. The bill seeks to address the gaps and unintended negative consequences of the Black Economic Empowerment Act of 2003. But government may find that by plastering up some of [...]
Are Your Suppliers In Line With BEE?
The face of business in South Africa severely changed over the last few years. Companies are more aware of social responsibility and the need for BEE compliance. Perceptions about BEE is changing and business managers are understanding that BEE is there to create economic growth that will, in turn, create a better business environment for [...]
To BEE Or Not To BEE?
Exempt Micro Enterprises have a huge advantage in the race to reach Level 1 on the BEE Scorecard and they stand to gain considerable benefits, argues B-BBEE specialist, Deon Oberholzer. The topic of the BEE scorecard continues to raise groans from many business owners, yet what most small businesses do not realise is that the [...]
Revamped BEE Can Offer Middle Ground For Labour & Business
At the heart of the opposing views of South Africa’s trade unions and the business community is the stark reality of poverty and unemployment. No matter what their differences, both sectors agree that we urgently need solutions to this severe socio-economic problem. The debates may appear to be raging on, but government seems to be [...]
Five Fresh Perspectives On Implementing B-BBEE
The business community in South Africa has had close to a decade to take on board the requirements of Black Economic Empowerment (BEE) since its principles were first defined by the Black Economic Empowerment Commission in 2001. The terminology around BEE compliance is now part of the language of business and we talk about broad-based [...]
Getting Your Head Around The Employment Equity Plan
South Africa faces many challenges regarding inequality, namely; poverty, education, health care, unemployment, housing, gender issues and so on. Employment equity aims to promote fairness and to ensure that past actions responsible for such inequalities are dealt with. It was for this reason that the Employment Equity Act, No. 55 of 1998 (“the Act”), was [...]
