From a DTI presentation on BBBEE, hosted by Black Business Chamber. The presentation and answer session was by Julia Nzimande and Lindiwe Madonzela: If certificate is current we will not be allowed to do a second audit [I surmise here that you can't get a second opinion] Management accounts will not be accepted – now have […]
Ownership uber alles – can anyone confirm this? Read More »
The (Tourism) draft codes of good practice were published in the government gazette for public comment over the next two months. "These codes are even more stringent than the already burdensome generic B-BBEE codes, creating additional hurdles which will negatively affect the tourism industry’s ability to create jobs," Mr Hill-Lewis said. The industry is facing
Tourism BEE plan will kill jobs, critics say – why Tourism first? Read More »
You know you were looking for this. Here it is (still an abomination and disgusting piece of social engineering) Adjusted points The points' allocation has also been adjusted, 40 points is now the minimum requirement for a level eight contributor. Contribution Level 2007 Codes 2013 Codes Recognition level Level One ≥ 100 points ≥
Complete large enteprises and QSE scorecard Read More »
Zungu said the reversal on BEE "will not go unchallenged by black business". The rule would have curbed fronting but, he said, "the minister responded to pressure somewhere". via www.timeslive.co.za This paragraph is preceded by Sandile Zungu, a vice-president of the Black Business Council and an economic adviser to President Jacob Zuma, said he supported
Zungurisation part duh Read More »
Or something along those lines. I love how so many of our politicians including Mmusi are pastors. Even Manyi preaches his brand of racism at some church somewhere. But that's not the point of this post. Rob Davies really pushed the boat out when he tried to justify his little paragraph about limiting the shape
Fair, equitable, cost effective and competitive. The Lord gives and the DTI takes away Read More »
At face value it appears to be some sort of black industrialist assertiveness. Dig my man the Zunguriser Sandile Zungu, a vice-president of the Black Business Council and an economic adviser to President Jacob Zuma, described this as a "most welcome" move that would help create new black industrialists. "Whoever hates this clarification notice is
Something very sinister is happening here Read More »
Let's say that you are the boss of the dti. You are informed by a small group of very politically connected people who purport to be businessmen but are either rent boys or professional blacks, that the BEE codes of your predecessor aren't cutting the mustard and that they need to be refined to "bring
Not that this should come as a surprise. He's not been ready ever, a feature of an incompetent person who as a result of political patronage gets put in charge of the one ministry that he is least capable of running. If you want to get an idea of how little he cares about the
May the 1st approaches and Rob’s not ready Read More »
A recent email from AQRate said the following This is probably the question we are asked the most often. Will these Amended Codes and all Sector Codes really become effective on 1 May 2015. A well known BEE Consultancy recently advised that there would be a delay and this was refuted in the strongest of
BEE sector codes’ – your BEE options Read More »
A rhetorical question I think. The short answer is the African elite, the longer answer is African people as undefined. As an aside, I looked over the EE Commission's report to see if a definition of African, Coloured or Indian exists and could find nothing, the best I could find was here, which asked the
Who stands to benefit from the revised BEE codes Read More »
