Long-awaited amendments to the Broad-Based Black Economic Empowerment (BBBEE) Act will for the first time introduce penalties for fronting — 10% of annual turnover for companies and a fine or imprisonment of up to 10 years for individuals. via www.businessday.co.za First a plea to the world – if anyone has a copy please send it […]
BEE Act(?) amended Read More »
THE CABINET is expected to start deliberations on a draft empowerment bill next week, aimed at overhauling transformation in the manufacturing, retail and agricultural sectors. The bill proposes amendments to the black economic empowerment (BEE) legislation such as the criminalisation of fronting, and speeding up transformation in the three targeted sectors. It also seeks to
Cabinet to discuss draft BEE bill soon Read More »
There are big changes afoot and Rob's leading the charge. He told us a few days ago that he was going to do this and he has now started. (Thanks Obed for sending me this). NOTICE 88 OF 2011 (Government Gazette 34019) DEPARTMENT OF TRADE AND INDUSTRY AMENDMENT OF THE CODES OF GOOD PRACTICE
Amendment to codes 600, 700 and a few others (oops – they’re for comment) Read More »
The deadline for this is this Friday (11th of Feb, 2011). It's too late for me to submit a bid, but if anyone is interested in subcontracting me on this programme – I AM VERY INTERESTED IN DOING THIS. On 21 January 2011, the dti published, in the Government Tender Bulletin, a tender to invite
Interesting article in the Miningmx about the Mining Charter. The new charter has been finalised and will be made public by Jan or Feb 2010. It is doubtful whether the existing Charter has been successful. It fell horribly foul of the BEE Act and in all probability stifled investment in the minerals sector. Perhaps this
New Mining Charter coming soon? Read More »
It's made the press again -in fact it's made a lot of press. I was referred to the Business Day report by Robert Simmonds. This report concentrated on the beneficiaries, 20% of whom are SAB's lower paid white employees. And once again Mr Obvious (one Ajay Lalu) is asked for his opinion – to which
I just got a call from Mzwandile Jacks telling me about the BEE Advisory Council that's just been announced. This is what it looks like Minister of Trade and Industry, Rob Davies. Minister of Labour, Membathisi Mdladlana Minister of Economic Development, Ebrahim Patel Minister of Women, Children and Persons with Disabilities. Noluthando Mayende-Sibiya. Professor Mohammed
Zuma appoints members of BBBEE Advisory Council Read More »
I have just been sent the new Construction Code (Gazette No. 32305). At first glance it looks quite similar to the 9(5) gazetted charter. I cannot pretend to be even slightly impressed with this document – it has tried to fill in the gaps that the codes have left open but it is too pie-in-the
They slipped it through, I must have gone onto the DTI's hompage and info.gov.za at least four times a day for the last week. The DTI must have thought it unnecessary to put it up on the homepage so they posted it here. Officially entitled gazette No. 32259, the code is remarkably devoid of supporting
Tourism Code is out Read More »
