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A NEW scorecard to calculate black economic empowerment (BEE) ratings will come into effect for all companies on December 1, following the publication of revised codes of good practice by Trade and Industry Minister Rob Davies yesterday. Like the amendment of the Black Empowerment Act, which is expected to come to Parliament this month, the […]

Mr Gordhan held up the Financial Sector Charter as an example of how financial inclusion could be successfully implemented. He described it as " an almost negotiated" document that included the financial sector, government and organised labour. via www.bdlive.co.za And Rob continues to block it. Perhaps Pravin is going to get his way over Rob.

Guidelines to help mining companies meet their reporting obligations in terms of the revised mining charter will be released soon. This was announced by the mineral resources minister, Susan Shabangu, during a speech at the new age business breakfast in Johannesburg. via www.sabinetlaw.co.za This is good to know. It must mean that the consultation process

Davies confirmed he would use a trip to London later this week to reassure investors that South Africa remained a viable destination in the wake of the violent confrontation at Lonmin's platinum mine in Marikana. via www.fin24.com The only way Rob is going to reassure international investors is by resigning. He's alright, he's got his

While Mr Manyi’s future remains unclear, there are indications that his tenure as director-general of the Department of Labour will come back to haunt him. Parliament’s standing committee on public accounts last week indicated that he should be disciplined over the department’s finances. via www.bdlive.co.za Go on showerhead, make an example of him

"Maseko had a good relationship with the media, but Manyi came in and destroyed that through his confrontational approach. He leaves no tangible legacy behind except an unstable GCIS and strained relations with the media and government communicators in general. He will be remembered for all the wrong reasons." via mg.co.za Don't forget the relocation

"The BBC position is that, for BEE to work, the focus has to be on enterprise and supplier development, that is sector-focused and based on entrepreneurial technical capability and depth of expertise," said Qubeka. "Current BEE provisions do not encourage the support for expertise and sector focus, but rely more on scorecards that factor issues

"Something is wrong in creating layers and layers of business." He said the state was aware it gave out tenders, and the quality of the service provided was not up to scratch, pointing to the fact that newly built bridges were already being eroded. "That debate we welcome with the BBC…. As we support black

The Department of Trade and Industry (the dti) warns the public of fraudulent B-BBEE certificates 17 Aug 2012 The Department of Trade and Industry (the dti) would like to warn the public, supply chain practitioners, investors, accounting officers/authorities, consultants, verification agencies, established and emerging business as well as business organisations that individuals are issuing bogus

Cabinet has approved the introduction of the Broad-Based Black Economic Empowerment Amendment Bill, 2012, to Parliament. via allafrica.com OK – so now we know. My sources tell me that the BEE Council is now debating on how to report on this in the financials. Rumours are the udge is on the specialist committee – what