There is a ridiculously famous and competent consultant out there. We mere mortals aspire to be as good as he and his high quality company are. Here is a man (not a tall man - but gargantuan in competence) who understands fronting very well. He is the one who told the world that FRONTING IS FRAUD. And […]
The verification of B-BBEE status levels occurs in accordance with the Codes of Good Practice issued in terms of the B-BBEE Act (Act No 53 of 2003, as amended). The Amended Codes of Good Practice came into effect on 1 May 2015 in accordance with the Revised Notice of Clarification issued by the Department of
A letter from the CA Charter Council demonstrating logic Read More »
A recent email from AQRate said the following This is probably the question we are asked the most often. Will these Amended Codes and all Sector Codes really become effective on 1 May 2015. A well known BEE Consultancy recently advised that there would be a delay and this was refuted in the strongest of
BEE sector codes’ – your BEE options Read More »
Thank goodness for Keith Levenstein. Those in the industry know that he knows not what he speaks of, and so he is a blogger's dream. In fact I reckon Hlaudi has already issued him with the very first journalist's licence. His latest press release, which was published by Engineering News , has certainly got tongues
Junk status, BEE and Levenstuck Read More »
You've got to love this statement the dti is the only empowered and competent authority to pronounce on the application of Sector Codes, the Codes of Good Practice and any other relevant matter with regards to B-BBEE We can now officially blame the DTI for all the little spelling mistakes, Dilly, more spelling mistakes, long
The DTI asserts and tells us about applicability of industry charters Read More »
Ajay Lalu, the managing director of Black Lite Consulting, said yesterday that the government had little or no leverage on broad-based BEE in the retail sector. He criticised the sector’s enterprise development programmes and employee share schemes, saying some of them were used to sugar-coat empowerment programmes as they did not fundamentally transform the supply
Udge and Dilly on the retail ‘needs BEE charter’ Read More »
Two articles caught my eye recently. ICT Charter – Let it die After eight long years of toing and froing, the ICT sector will finally have clarity on how it should implement empowerment, as the long-awaited charter has been submitted for gazetting. However, this is not exactly good news. Nicola Mawson postulates that the
A bit more on charters to come Read More »
Again this twitter thing speaks. I tweeted a while ago that the Transport Charter was going to be gazetted. I heard it from the WKRP man. Engineering News reports that it has been gazetted – all except the Aviation Charter, which is still under section 12. It's not up on the DTI's website yet. The
Transport Charter gazetted says Engineering News Read More »
The (beach) sands of time are running out for those who wish to comment on the Tourism BEE charter. I went through it and found it weak and lacking in substance with its fair share of REALLY BAD errors – did you know that the two generic scorecards add up to 102 points without bonus
Perhaps the BEE seas have been chart(er)ed Read More »
I received an email from Sakkie O’Neil from Nedbank regarding the necessity for sectoral charters. Sakkie is a recognised expert on the Financial Sector Charter (FSC) (and no slouch on the COGP either). He (correctly, I think) observes that it may not be possible to align charters with the COGP, but that you could allow
Charters vs the codes Read More »
