By now we've probably all read through the codes. If you're like me then you might concentrate on some codes whilst cursorily reading the others. I'm not much of a fan of ownership so I've not really read through that code, although I do find it extremely humorous that three pages have been devoted to […]
The sad demise of the needy and vulnerable (code content with a hint of genocide) Read More »
Welcome dear readers to your black economic empowerment (BEE) agony column. I will endeavour to answer your questions and queries to the best of my objective and non-cynical ability. Confused from Lohatla writes: Dear BEE Agony Gogo Have you tried comparing the amendments with the original codes? The errors are many, for example the index
BEE agony column – issue number 1 Read More »
This blog is not a fan of the DTI, Rob Davies, the president, Nkandla, the ANC and the government. I get to say things on the blog that many people feel they can't say. Please send me your comments and I'll post them in the Agony Column forum with my respectful and calculated responses. I
Use this blog to air your views anonymously Read More »
Talk to multinationals and white-owned businesses and ask them about the challenges that they faced in implementing the current version of the codes. Consider the 800,000 plus white people who live below the poverty line when he decided that 100% of SED contributions must go to black people Try and figure out how many companies
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Codes are out and they are worse than you can imagine Read More »
That's right you read right. We are now in limbo – how do you advise companies on what to do for the next year when new codes are coming out? I met a company today that would be interested in doing some ED stuff to get them to 30 points – it'll be an expensive
The cellular networks were working overtime to inform the cynical blogger about the launch of the codes. Apparently there was a launch this morning but alas I was not invited – in fact I wasn't even aware of it. I was given a running commentary. (Reader) Why do they insist on using Teddy as the
Grant Thornton head of BEE verification Tony Balshaw told Engineering News Online that the intention to revise the codes raised some concerns. “The codes are supposed to have a shelf life of ten years, and then it should have a substantial review. But is this still needed? “It seems politically expedient to change the codes
Revised codes to accelerate BEE implementation – Davies Read More »
Cabinet has approved the revised Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice, 2012 for public comment. The arch-racist Jimmy Manyi (jungle jim) told anyone who bothered to listen to him. And this is what we can expect. Some of the key areas of refinement of the codes include the reduction of the generic
No need to be alarmed yet – but this is a sneak peek of the codes to come Read More »
Steering committee deputy chairman, Andile Tlhoaéle, says the market has always known the charter is on its way and the 30% ownership requirement did not come out of the blue. The transformation issues that faced the sector seven years ago are still relevant today, he adds. Tlhoaéle says the charter provides companies with a framework
Not this dweet again Read More »
