BEE

Transformation of the top leadership teams in South African companies appears to be back on the agenda, with BEE appointments up by 10% from the year before, an expert says.

In honour of successful black business owners and top achievers across various industries, the 15th edition of the Black Business Quarterly (BBQ) Awards will be hosted on Thursday, 27 October 2016 at Emperors Palace in Ekurhuleni, Gauteng.

While there has been a lot of debate over the new Broad Based Black Economic Empowerment (B-BBEE) codes being stricter in terms of scoring and implications for business, remaining BEE compliant remains positively attainable if the business remains truly committed to the cause.

The recently promulgated and amended B-BBEE codes have caused some confusion in the workplace.

On the 17th of February 2016 the Dti issued a gazette (gazette 39703) repealing the Construction and CA Sector Codes.

As the year draws to a close, and our minds are already on the beach sipping cocktails, I would like to leave you with a few pointers on how best you can maximise your BEE compliance.

While South Africa awaits the recommendations of the technical task team our Minister of Trade and Industry set up a month ago to look into the ownership pillar of the revised codes for Broad-based Black Economic Empowerment (B-BBEE) the onus on big business to transform its supply chains remains.

Is your organisation's revenue between R 10 - R 50 million per annum? Great, so here is what you need to know about your BEE compliance under the Amended Codes of Good Practice (Effective 1 May 2015).

In addition to the big ticket amendments presented at PMI’s recent workshops on the Amended BBBEE Codes workshops held in Durban, Port Elizabeth, Cape Town and Johannesburg earlier this month, there have been further updates that are worth noting.

Dti has released its notice of clarification on the new revised B-BBEE codes of good practice.

Find out how to strategically implement the new BBBEE codes at one of PMI’s national 1-day workshops.

The Revised Codes as they are commonly known, have significantly impacted the requirements for B-BBEE compliance.

As the Workplace Skills Plan directly affects the skills development pillar of the B-BBEE scorecard, it is a requirement for companies to submit this plan.

The newly appointed Black Economic Empowerment Council must focus their energies on coming up with policies that will help create black industrialists in townships.

Ownership has become an even more important requirement in the updated Broad-Based Black Economic Empowerment Codes of Good Practice that will come into effect from May 1st, 2015.

Keeping up with the latest BEE legislation and implementing it effectively can be
challenging. Transcend Corporate Advisors have developed the Postgraduate
Transformation Internship (PTI) with the aim of equipping BEE champions to
meaningfully lead transformation in their organisation.

Without a sound transformation strategy and implementation plan companies will find
it hard to comply with the Amended BBBEE Codes of Good Practice, says Oliver Pete.
Make sure that you are clued up on the latest changes to BEE policy.

The Department of Trade and Industry (DTI) published the Revised Scorecard for
Qualifying Small Enterprises. Transcend Corporate Advisors will unpack the impact to
businesses who seek to comply with the proposed amendments.

Workforce solutions provider Manpower South Africa is proud to announce it has
welcomed a new broad-based BEE partner, the Imvula Education Empowerment Fund,
on board.

Companies do not achieve levels 2 or 3 by mistake or by ticking boxes. BEE
needs to be implemented with carefully planned methodologies, which is then
properly implemented and monitored in a way that makes complete business
sense.

Broad Based Black Economic Empowerment (BBBEE) has been described as
the greatest strategic challenge and potential opportunity facing businesses
of all sizes in South Africa today.

The 13th annual Oliver Empowerment Awards honoured the organisations
and individuals powering transformation in SA and celebrated 20 years of
democracy.

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.

How have the revised BEE codes affected business? Tarryn Mason
discusses the best way to maximise points on the Skills Development element
of the triple-BEE scorecard.

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