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BEE

Des Squire

South Africa's new Employment Equity Amendment Bill of 2020 has been approved for submission to Parliament. SA's Cabinet says that “The Bill promotes equal opportunity and fair treatment in employment through the elimination of unfair discrimination”. 

This bill re-emphasizes how important it is for companies to actively transform their workplace but this begs the question - which companies are at risk of non-compliance?

In an ideal world, a gentleman’s handshake would be all you need to conclude a business transaction. However, the reality is that our world is far from ideal.

The Broad Based Black Economic Empowerment (BBBEE) Advisory Council has called for the declaration of a Transformation Week in the country to showcase best B-BBEE practice.

Being a Broad-Based Black Economic Empowerment (B-BBEE) compliant business is a certification that all businesses in South Africa should have. We’re going to take a look at how and why you need to become a B-BBEE compliant business.

Corporate bursaries are set to become a more attractive training and development investment than ever before under draft changes to B-BBEE Codes of Good Practice which was gazetted on 29 March 2018.

Broad-Based Black Economic Empowerment (B-BBEE) expert, Lee du Preez and Funding Strategist extraordinaire, Dagmar Breiling are hosting business seminars in an attempt to help South African entrepreneurs gain access to grants and loans.

As you head towards the end of your financial year, this is an opportune time to model your current state BEE scorecard and manage any emergent weaknesses.

The KwaZulu Natal Econimic Development MEC Sihle Zikalala is spearheading the bid to reshape BEE policies to benefit “black Africans”. The proposal was sent to National Treasury Director-General Dondo Mogajane in August.

The Minister of Trade and Industry Dr Rob Davies invited members of the public to make inputs and comments on the Draft Statement 005 of 2017 within 60 days from the date of publication (21 July 2017).

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.

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