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.

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.

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.


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