Comments for B E E Scorecard BEE Rating BBBEE Compliance Black Empowerment

Comment on Blacks But Non-Blacks!! by Keith

Keith — Thu, 06 Jan 2011 08:26:16 +0000

The Codes of good practice are available on our web site http://www.econobee.co.za

Look in the downloads section. The definition you want is contained in the definitions at the end of the codes.

I can also email it to you if you wish. Drop me an email to keith@econobee.co.za

Comment on Blacks But Non-Blacks!! by mufika

mufika — Wed, 05 Jan 2011 05:27:11 +0000

I’m a black person that could have acquired my citizenship prior to 1994. Where can I get a copy of the Codes of Good Practice with the definition mentioned on this blob and secondly where can I get guidelines on proving that I could get have became a naturalised South African.

Comment on A Julius Dilemma by Keith

Keith — Thu, 04 Mar 2010 09:19:31 +0000

Richard, what you say is absolutely untrue! (Please read the rest of this response before replying) You did not lose your business to BEE, and your lack of job has nothing to do with BEE.
The people you dealt with chose NOT to embrace BEE. They called it BEE, and you fell for their trap by believing that it was BEE. BEE – broad-based black economic empowerment is very different to your situation. You do not, and never did need a “BEE partner” to become BEE compliant. That you fell for it is terribly sad – considering that we have spent the last 5 years educating South Africans on what BEE is and what it is not. Most people see I support BEE and stop reading further, without ever knowing that BEE is about the seven elements, that “proper” BEE is about doing lots of good things, about getting more business.
Richard, I have to question why you even considered “BEE partners”, especially since you were obviously a QSE. I’d like to know who told you that you had to have a “BEE partner”. You could have reached level 1 without any ownership changing hands!
If your customers were private enterprise companies then their insistence was on a BEE scorecard, not a partner. They would have been incredibly happy with a level 1 scorecard from you. It would have been at negligible cost and very rewarding to you.

Comment on A Julius Dilemma by benbreda

benbreda — Wed, 03 Mar 2010 08:16:54 +0000

It would seem that that many organisations (which can be considered as state organisations i.e trade unions) have vested interest by virtue of their shareholding(presumably bought with their pension funds) in companies. Surely they will ensure that any state contract that they are involved in will be channeled to “their company” Heard not so long ago ‘if you give us a bigger shareholding in your company we can help with the big government contracts”? Where does one’s loyalty lie?

Comment on Codes of good practice Interpretations by henryh

henryh — Tue, 02 Mar 2010 21:14:05 +0000

Dear Keith

RE: ED SPEND COMMENCEMENT DATE

I find this article most interesting (and disturbing).

My interpretation (based purely on my understanding of English, and I am English speaking) is that the commencement date is Feb 2007, and that measured entitites could choose an earlier ‘commencement’ date if they had been spending on ED in earlier years. They are permnitted to go back to a maximum of 5 years.

Also should a measured entity choose to commence it’s scorecard say in 2010, then the x% of NP after tax is applied to the years 2008, 2009 and 2010 to achive a maximuim ED score.

e.g. in your example the targets were R300 R500 and R250, and if the measured entity only started in 2010, then the total of R1050 must be spent to earn the full ED Score – 15 for generic scorecard and 25 for QSE Scorecard. If say the spend was only made for the 1st two years a total of R800, then the score earned for ED would be R800/R1050 % X 15 or 25.

I’m believe that SANAS approves/audits Verification Agencies to be able to practice, so surely the interpretation of the Codes is known by SANAS. If this is in fact the case, surely if there is confusion, in the final analysis one must look to SANAS for the intepretation.

Kind regards

Henry Harkcom

Comment on A Julius Dilemma by Richard

Richard — Tue, 02 Mar 2010 16:48:27 +0000

Hi – I am a white 59 year old who was not able to find work due to my race and age. 10 years ago I started a small business procuring promo itema & corporate gifts. I built up a sustainable income working from home – nothing earth shattering – just comfortable in middle class suburb with average type vehicle. The reason I HATE tendertrepeneurs is that they have cost me my business as all the hard work in craeting a small client base was shattered with sponsors of my client base insisting on BEE sourcing. Firstly some so called BEE “partners” insisted on large remuneration deals to come aboard. Secondly, when the deals went to BEE suppliers they ended up paying over 50% more than what I quoted on all the items. One item alone was R 12 000 more !! So sad as in the end there was less to go around to the end beneficiaries (education in the townships).

Comment on The big question – extension or no extension by Keith

Keith — Fri, 29 Jan 2010 15:17:58 +0000

Update: The dti has issued a media notice stating that there will be no extension.

They do say “However, companies that are in possession of certificates that were issued by non accredited agencies before 31January 2010, do not have to panic, as they will still be able to use the certificates for twelve months after the date of issue.” Of course they still steadfastly refuse to issue a definition of “non accredited verification agency”

Comment on We’ve got the TELKOM scorecard by MJP

MJP — Fri, 04 Dec 2009 12:32:26 +0000

Wow congrats Keith- can you perhaps share as to how and where you got the certificate, I’ve also been trying for a long time…

Comment on No more BBBEE Excuses – Why wait for a BEE charter? by Keith

Keith — Mon, 24 Aug 2009 08:01:36 +0000

This is the worst excuse I’ve seen by an oganisation that is trying not to implement B-BBEE measures. What if there is never a property charter. Do they think they are exempt?

Comment on EconoBEE wins again by mpume

mpume — Thu, 23 Jul 2009 09:15:12 +0000

What immediately comes to my mind is the Exempt Micro-Enterprise situation. Sufficient evidence as exempt is that of an auditor, an accountant or a verification agency. However, since there is no accredited verification agency for the sectors concerned, should EMEs approach their accountants/auditors to get the job done based on the latest sector codes.