This post has been written often in my head. It's proper title should be – "the future of empowerment is……… Fifty One Thirty". You're going to see a lot of 5130. The correct representation is actually 51/30, 51% black owned with 30% black women ownership. You're going to see a lot of those companies sprouting […]
Fifty One Thirty – your new magic number Read More »
Let's say it's the 1st of May and the revised BEE codes (aka Rob's folly, unfortunately not his worst move as head of the iDioTIc, in fact nowhere near his worst move) have now become operational. What do you do? The chances are you aren't at work because it's another public holiday that the country
Workers’ day blues Read More »
A rumour is now doing the rounds that the period for comment for the second round of codes has been extended to the full 60 days – I can't find this notice on the DTI's website but it is an embarrassment for them and probably won't be put up. I think we have until 9
The underlying stench is overwhelming Read More »
CLASSIFYING people in accordance with their race is "legally impossible", says trade union Solidarity in court papers challenging the constitutionality of an affirmative action policy. The aim of the policy is to address the fact that the lucrative liquidation industry still remains largely a white, male enclave. But the implication of Solidarity’s argument is that
Races cannot be classified, court hears Read More »
Once upon a time competent minister of trade and industry published the Broad-based Black Economic Empowerment Act (53 of 2003). The incumbent then decided to amend it and added in a lot of unmonitorable rubbish and sent it off to the most competent of competent people, the Duke of Nkandla, for signature. The amendment lies
Section 9 of the BEE Act and the proposed QSE Codes (inter alia) Read More »
The response to my initial request for funds to take these codes on review was a little slow, but about two weeks ago a concerned body approached me and told me that they had raised R400k. We can now get started but we need a lot more money to ensure that we are able to
The first thing you need to understand is how many points you need to be a level 2 under the revised codes. Id est Contribution Level 2007 Codes 2013 Codes Recognition level Level One ≥ 100 points ≥ 100 points 135% Level Two ≥ 85 points but < 100 points ≥ 95 points but <
The news that the DTI planned to bring verifications in house was sent to me yesterday. I immediately phoned Gerhardus Burger (who is no longer at IRBA) and we had a little chuckle. The problem I had yesterday was that I didn't know who actually said that they would can verification agencies. Lo and behold
DTI taking over verification, over my section 22 Read More »
Is there method in this madness? It is easy to see that the policies proposed are unconstitutional, ill-advised, impractical and in many cases simply impossible to implement. But why are they on the books in the first place? Why is the ruling party apparently set on enacting them? Why the railroading of objections and the
You might be thinking that this relates to the revised BEE codes Read More »
(O) bservers point to a significant lack of clarity over the new codes. They also say the deadlines for implementing sector-specific changes may be too ambitious. "Without adjustment to these requirements, (construction) companies are at risk of losing their government contracts. The tick-box approach to BEE is over," Murray Chabant, CEO of empowerment consultancy Signa,
Tick box BEE has barely started Read More »
