I was pleasantly surprised when I was asked to post something of an informative nature, something that doesn't allow me to opine in my typically cynical fashion. And so with no prejudice in my brain I write. There are two elements that have increased targets for the years 6-10 viz Employment Equity. Total points – […]
When do the new targets kick in? Read More »
Black economic empowerment as a concept works when the lone consumer is not involved in the procurement decision.
Rob Davies has been doing some reading and is now talking about empowerment (after a year's silence). The good news is that he is most concerned important things like ownership – which the mining sector is most concerned about. Rob is worried about things like enterprise development and skills development. It shouldn't be such a
Davies and the empowerment goliath Read More »
William Gumede – ANC must spring-clean, nothing less. Drop black economic empowerment as a policy and give companies BEE points for how much they invest in job creation, black education and housing; and for uplifting the physical and social infrastructure of townships and rural areas, and supporting the five-million entrepreneurs in the informal sector. http://bit.ly/cAD4Gk
Most companies think that moving up from a level 8 to a higher level (6 or above) is going to require them to re-engineer their business or at the very least cost a small fortune. We at Caird don't think that this is the case. BEE is an art not a science, and it's all
Go from BEE level 8 to a level 6 with minimum investment Read More »
Solidarity took FNB to task about their allocation of education bursaries for employees' children. The November issue of Treetalk (FNB's newsletter) offer financial support to children of African, Indian, Coloured and Chinese employees earning less than R100,000 a year. This is a very well reported story indeed. I'm not in the way of getting involved
FNB rethinks ‘racial’ bursaries – hmmmm Read More »
A while ago I was doing a presentation to the American Chamber of Commerce on Equity Equivalents. One of the delegates was an apparel manufacturer who asked my why his company should consider the programme I was proposing. I was a little surprised that such a company would even consider equity equivalents as an option.
Caird Code Rule #1 – Is BEE applicable to you Read More »
This is very interesting. PPC announced that the have moved up from a level 4 to level three in their latest rating. This is actually so important that they have made a JSE SENS announcement as well. They haven't actually updated their website so I haven't seen the certificate but I surmise from the article
PPC new BEE rating and the construction code’s applicability Read More »
I was sent an email by Louis McLaren telling me that the certificate I issued might not be accepted. I sent him a mail back telling him that it was perfectly legal in terms of notice 32467. I then got a response from him telling me that a VA would not accept it because ABVA
Taken from an FM article on BEE investment houses who end up being benificiaries of deals and their overall performance. The article concludes that BEE deals need to evolve, suggesting perhaps that a move toward entrepreneurship and away from passive hand-out involvement. Recent broad-based empowerment deals from the likes of SAB, Tiger Brands and Adcock
The changing face of BEE deals as per FM? Read More »
