(Sandile Zungu's) contemptuous attitude to BEE hand-outs is rich given that he himself was only too keen to accept what would have been one of the biggest hand-outs in the history of BEE through a stake in the Ayigobi consortium which he was invited to join shortly before it scored an R800-million deal with ArcelorMittal […]
ZungGwabber politely assessed by Chris Barron. And the ICT Charter Read More »
This is an email I received from Chris van Wyk of AQRate, which I requested as a response to my post on sector charters. It seems that he is writing in his AQRate capacity and not that of an ABVA Board member. You'll notice that he's coming from a procedural perspective where he argues that
Chris van Wyk on sector charters Read More »
What do you do when you receive an email written by a man of great stature and genius. So intimidating is his knowledge that I feel humbled to have been sent this email by a concerned third party. I have edited it a bit to protect the innocent. From: Keith Levenstein Subject: invalid BEE certificate
When does a sector charter apply? Read More »
King III's effective date is today. Time to get those boards in shape. This is a repost from last November. The long awaited King III report was launched on September the 1st this year and will come into effect on the 1st of March, 2010. It is expected that King III will assist companies in
King III and the B-BBEE codes of good practice – repost 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 »
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
Kevin commented on my Zuma appoints members of BBBEE Advisory Council post. It's too good to leave buried away under comments so I've reblogged it. I am thrilled by the composition of the Advisory Council – not one BEE consultant, not one verification agent and not one member of the team that drafted the Codes
Comment from Kevin Lester on Advisory Council Read More »
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 »
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 »
Zuma's ANC letter beautifully precised by Moneyweb as "ANC president responds to the concerns raised by the BMF over Eskom and other SOE's". A few features/quotes One of the key focus areas of the ANC government is economic transformation. We emphasise that the creation of decent work will be at the centre of our economic
Jacob Zuma on plans for economic transformation Read More »
