Codes of Good Practice

Not like me to post twice in one day.  Apropo to my earlier post, the DTI has published a notice on info.gov Three Sector Charters have been gazetted as Sector Codes, in terms of Section 9(1) of the Broad-Based Black Empowerment (B-BBEE) Act. The gazetting of the Tourism, Construction, and Forestry Sector Charters into Sector […]

Last week I got an SMS from Kevin telling me that the construction sector charter had been gazetted.  I could find no evidence that it had been done.  The best source for this information is the South Africa Government Online website.  I did a search on the DTI and came up with this and this

There has been a fair amount of BEE activity over the last few weeks.  We all know that narrow-based BEE is now over, kaput, klaar and finish.  What we don't know is whether the FSC shares a similar fate – it appears that they have been given a stay of execution.  And then there is

If you read the published codes you might have noticed that the fronting code, or more correctly "statement" (002) was missing.  This is no longer the case.  I was having a little browse on the BEE section of the dti’s website and lo and behold.  They snuck in two updates. Equity Equivalent Programme for Multinationals,

I was asked by a client to submit my observations about the codes, he has the ear of the government.  However I did not mention anything about value adding suppliers.  The value-adding enterprise appears in preferential procurement in section 3.3.2: the recognisable broad-based black economic empowerment procurement spend that can be attributed to that supplier

The puns just get worse (the title is a reference to Woolley).  I have been using FastFind feature that Ownership Solutions has developed.  My initial exuberance has been somewhat tempered.  The application is still extremely useful but it has its errors.  In some cases the formulas are wrong and a really glaring error is the

Strange how the news hasn’t generated that much interest in the press.  The codes were gazetted beneath the hype of Mbeki’s state of the nation address, perhaps that’s the reason.  There is a small article on page 3 of today’s Business Times which highlights the necessity to align the codes with the Preferential Procurement Policy

The moaning that happens from so-called BEE experts about the publishing of the codes.  People it’s simple – get a preview copy from someone who knows someone, who met someone, who left it lying around.  That’s how we got to have a look at them.  I spent the afternoon looking through a few codes.  The

I have been speaking to numerous people about the new scorecard.  It’s amazing how this so-called confidential information becomes so public so quickly.  It is now a matter of time before we get to see the complete codes before they are officially released.  I got sent a copy of the new scorecard which doesn’t make

Old Lionel has announced that cabinet has approved them.  The question is, can we trust him?  He’s said many things in the last few months that have either not materialised or have been contradicted by Polo.  I am inclined to believe him this time, after all he addressed the media late on Wednesday afternoon telling