There was much fanfare with Rob telling the whole world that The Department of Trade and Industry (the dti) in partnership with UNISA and WITS have developed a standardised national Broad-Based Black Economic Empowerment (B-BBEE) Management Development Programme (MDP). The program gives impetus to institutionalisation of B-BBEE within the economic system and to professionalise the […]
DTI’s new B-BBEE (off) course Read More »
The IRBA published a notice last week. They are telling their members (who wish to become verification agents) not to jump the gun too early. registered auditors, other than those already accredited by SANAS as Verification Agencies, are not permitted to issue B-BBEE Rating Certificates until the dti has published the Code of Good Practice
IRBA and issuing BEE certificates – and an ABACUS warning Read More »
From: Phinda Ndabula [mailto:PhindaN@sanas.co.za] Sent: 09 December 2010 01:07 Subject: Sector Codes Dear All We have been receiving a lot of complaints about Verification Agencies who are not issuing relevant Sector Codes scorecards even though companies obviously fall within a particular sector. If greater than 50% of one’s revenue is derived from a specific sector or
What SANAS has to say (or what they said last year) Read More »
Do you think that the Levenstein household is breaking out the champagne with their self-declared success in the war against "fronting". It would seem almost wrong to point out to their pater familias that he has not in fact won at all. Yes a number of BEE certificates have been recalled on ABVA's instruction, but
De minimus non curat levenstein Read More »
Perhaps this is not very clear, and as a responsible BEE consultant/expert/commentator (self-professed), it is my duty to explain this hierarchy. Number 1 – BEE Act The BEE Act reigns supreme. All codes and notices etc derive their legitimacy from the act. It would seem that the act comes from section 9 (2) – as
BEE hierarchy – ABVampire content 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 »
Happy Noo Yeah! It's always great to start a new year – there is a mountain of resolutions to ignore and weight to gain etc. Rob Davies, rather sweetly, left us with a little new year reading. It seems that the DTI has realised that the codes limited accreditation to only SANAS. Their solution is
Rob’s new year surprise Read More »
I was asked by Brigitte Brun where I got my figure of 500,000 enitities that would need a scorecard. I took this information from the latest CIPRO stats. Here is a diagram of the breakdown The actual statistics are Close Corporations 1,612,481 Public Companies 3,224 Private Companies 188,728 Non Profit (Section 21) 23,293 Limited
Active companies/entities in SA up to 2009 Read More »
The 31st of January, 2010 has come………………and gone. And there are now 50 agencies that are going to end up accrediting say 500,000 companies etc. There is no way in hell that they are going to manage the load. Now what is going to happen to business as we know it? I can't see that
Watch as all hell breaks loose Read More »
