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 »
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 document below was drafted by Arno van Vuuren and Johnny Klopper (and AN Other – who wishes to remain anonymous). Arno is a Pretoria-based attorney and Johnny an advocate (AN Other is also an attorney). This is a frightening read, a long frightening read. It methodically demonstrates the flagrant disregard for procedure, process and
[Korporasies en genoteerde maatskappye] wil nie daarvan beskuldig word dat hulle nie transformasie steun nie, hoewel hulle moontlik die meeste by ’n hofuitspraak kan baat vind. Paul Janisch, ’n swartbemagtigingskonsultant Pretoria. – Die departement van handel en nywerheid kan voor die konstitusionele hof gesleep word as genoeg geld daarvoor ingesamel kan word. Paul Janisch, ’n
Unless a CEO is prepared to go on the record, his or her message should perhaps simply not be recorded or, at least, little value should be placed on it. Perhaps we should treat corporate South Africa's armies of spin-doctors with more caution. I know it is hard for executives to "take on" a minister,
Corporate dissent and raising money to fight the government Read More »
It's not as though we had much choice here. The codes, as we all know, are unintelligible – there's this post that almost wishfully hopes that the DTI understand their own codes. But alas when you read through the post you'll see that the DTI can only confirm things that everyone understands and contradict those
Challenging the 2013 BEE codes in a court of law – the ball has started rolling Read More »
