BEE

A major reason for producing a good BEE scorecard is to satisfy clients. The
higher the score the better the chances of your company being awarded
business.

The lack of understanding of how the revised Broad-Based Black Economic
Empowerment (B-BEE) Codes of Good Practice will be implemented and
measured in smaller companies is holding them back.

A new crowd-sourced discussion platform launched with the aim of
providing valuable insight into the finer workings of the revised Broad-Based
Black Economic Empowerment Codes of Good Practice.

The issue of BEE for businesses can be a complex situation to manage effectively. Especially if those companies are looking to work closely with the government in wanting to secure business them. In the quest for a good BEE certificate business owners often fall victim to the many pitfalls of BEE.

Is BEE just another form of Tax and an additional cost of operating in an emerging market environment? Dionne Kerr looks at the link between implementing BEE policies and successful business growth strategies which she believes cannot be addressed in isolation.

Black South Africans believe BEE is not providing access to wealth, white South Africans believe BEE has stunted their employment opportunities and entrepreneurs are too busy to understand the dynamics of BEE according to Dionne Kerr, so how will SA be reconciled to this action plan?

Leading 24-hour convenience store brand Freshstop, has entered into a partnership with The Black Business Supplier Development Programme
(BBSDP) which will support previously disadvantaged businessmen and women who are interested in opening Freshstop convenience stores.

Broad-Based Black Economic Empowerment (BBBEE) is often viewed as an administrative annoyance but Keith Levenstein, CEO of EconoBEE says it is a valuable tool for small business growth when implemented correctly.

The Association of BEE Verification Agencies (ABVA) congratulates the Johannesburg Stock Exchange (JSE) for commissioning the landmark study on the effective participation of black people as shareholders on the JSE.

The new Association of BEE Verification Agencies board reflects the diversity of the organisation as well as the immense expertise in BEE and BEE verification found amongst the membership.

President Jacob Zuma asks the Black Economic Empowerment Advisory Council to advise government on how to ensure faster progress in advancing black economic empowerment.


"The truth about B-BBEE is that it is good for our national economy, companies' economy and stability of our society," writes Keith Levenstein. "But failure to communicate the right information might demotivate employees and affect production."

It?s time South Africa looks at BEE in a new light and re-ignites initiatives to support and develop high-potential entrepreneurs. This is according to Ciko Thomas, best known as the founder of the first fully black-owned BMW and Volkswagen dealerships in central Johannesburg and current marketing director at Barloworld Automotive.

AdaptIT Holdings is in its fifth month after a prestigious merger between InfoWave and Adapt-IT (Pty) Ltd. The KZN based listed company has a rich history of genuine transformation under its belt to brag about. Being in the top 20 of the most empowered companies on the JSE, Adapt IT has a few secrets to success that have enabled it to shine above the rest.

Child Welfare South Africa has been boosted with a R500 000 donation from the Foschini Group following the extension of the "16 Days of No Violence Against Women and Children' white ribbon campaign.

Jim Freeman used to think that skills development legislation was complicated - until he was introduced to the BEE Codes of Good Practice! Are you an 'exempted micro-enterprise' or a 'qualifying small enterprise'? And exactly how do you submit an application for funding to the National Skills Fund? Freeman tries to find the answers.

A United Kingdom property group in partnership with a local Black Economic Empowerment shareholding are the likely buyers of Cape Town?s Victoria and Alfred Waterfront, carrying a price tag of R7.04 billion.

In a BEE deal, Sahara Holdings has divested 27% of its shares to three shareholders: a newly established consortium, the mining and mineral resource group Mvelaphanda Holdings; the local investment consortium, Afripalm Consortium; and the Sahara Employees Trust Fund.

President Thabo Mbeki has called on black managers to aspire to be, and proclaim themselves as, emperors, if they are to rid the country of rampant poverty and gender inequality. Addressing the BMF conference he called on delegates present to lead the frontline troops in this struggle.

The tourism industry is gearing for transformation to ensure racial diversity in business ownership and development, with clear priorities outlined in this regard.

Stakeholders in the agriculture sector have come together for a two-day indaba to discuss key issues relating to the development of a Transformation Charter for Agriculture.

Lifeskills and personal development training company, Free to Grow, has concluded a landmark BEE deal that will see the company's licensees sharing in the benefits of the new improved company with no financial risk.

Companies wishing to get a positive BEE rating should not forget that their skills development initiatives contribute to their score. Sarah Babb, MD of The Skills Framework explains how this works.

After a rush of skilled black people left the corporate world to take advantage of BEE deals in smaller, private companies, many are heading back to the corporate world because of lack of real money-making opportunities.

The Nelson Mandela Metro has laid a charge of fraud against a Uitenhage man for allegedly using illiterate black men as a front for his employment companies.

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