You might have read that recent Mzwandile Jacks article where he quoted the ultimate bright spark, Keith Levenstain. Our PLT is quoted as saying "We would like to see the government and public enterprises obtaining a scorecard because it would show the government's commitment towards its own policies". Beautiful words – sadly uninformed and stupid. […]
They just can’t do it 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 »
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 »
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 should know better to leave well enough alone. But I can't really ignore this. I need to mention that I am not writing about Tiger Brands because jungle jim works for them (or as the Business Day once said, moonlights for them). I am intrigued by their new stance on suppliers. I asked the
I wrote this article in for the 16th October 2006 edition of Real Business. I have spoken a bit about music as my ultimate hobby. Every now and then I incorporate certain musicians into my stories – it keeps them interesting for me. There are a few characters in this story that are real people,
Don’t leave the implementation up to the HR department. Read More »
