The next five years will see radical socio-economic transformation as “economic transformation and inclusive growth take centre stage among state priorities,” said Jacob Zuma at the inauguration of his second term of office as State President. He affirmed the role of Black Economic Empowerment (BEE) as one of these priorities. It is therefore reassuring […]
Confusing Codes clarified as Zuma affirms BEE priority Read More »
Building an organisational scorecard showing B-BBEE achievements against the relevant codes is useful in itself. However, for most organisations this exercise is manual, takes a long time to complete and is retrospective. What is required is a service that goes beyond a static scorecard to a fully integrated B-BBEE analysis service that tracks strategic
Real-time BEE transformation analysis – turning data into action Read More »
The furor that currently surrounds the New Codes presents an opening to win business from competitors who are trying to find reasons to not comply. Implement the New Codes now to get a head start on your business rivals, says The Hope Factory business mentor Roche Mamabolo in this month’s SmartProcurement. While some detractors
Implement the New Codes now for an advantage over your competitors Read More »
The New Codes is arguably the most hotly anticipated piece of legislation released in 2013. Industry experts gave delegates at the Smart Procurement World Western Cape Conference some insights into what the New Codes mean for industry, the economy and your organisation. “Panic is an appropriate description of how the market is reacting. The
Panic around the New BEE Codes will subside Read More »
The ease with which early payment options permitted Enterprise Development (ED) points to be attained under the previous BEE Codes (2007) has resulted in many companies currently finding themselves stranded for some of their BEE points: under the newly gazetted BEE Codes (2013) the formula for ED recognition has been updated, and no longer
Maximising ED points under new BEE Codes’ tougher formula Read More »
In a bid to give hope to thousands of young people, Absa has partnered with the City of Tshwane (CoT) in a Youth Development Programme called “Tshepo 10 000”, Sisa Ntshona, Absa Head of Enterprise Development tells SmartProcurement. Tshepo is a Sesotho name that means hope. The project will deliver skills programmes that balance
Skills programme initiative brings hope to 10 000 youth Read More »
Many large companies require ongoing tracking and measurement of BEE compliance and, increasingly, executives are becoming accountable for driving transformation. However, as procurement professionals intimately understands: Accountability requires visibility in terms of the current and proposed state of BEE compliance. In order to improve the availability of real-time BEE compliance information, one of South Africa’s
Case study: Using BEE IT systems in the construction industry Read More »
It has come as a shock to many companies that the DTi plans to have the new codes of good practise published any day now, under which organisations have a 12-month transitional period to align themselves and ensure compliance to these codes. Purchasing Index (PI) is concerned that many organisations are unaware of the impact
How will your organization maintain its BBBEE position under the new Codes? Read More »
With the current ill health of former president Nelson Mandela, it is important to remember the impact he has made on so many areas of life in South Africa, including the economy and the importance of developing small businesses therein, particularly those from disadvantaged backgrounds, Mark Frankel, CEO of Shanduka Black Umbrellas, a non-profit enterprise
Developing small businesses was on Madiba’s presidential agenda Read More »
The DTI may release the revised BEE Codes as early as July 2013, and many of the principles that we were exposed to in the draft version will be retained. “Other than that, we are in the dark, once again…” says Bruce Rowe of Mpowered Business Solutions in this month’s SmartProcurement. If organisations are
Revised BEE Codes released as early as July 2013? Read More »
