Tag: BBBEE
The Disabled – making BBBEE work for your supply chain
A sceptic may observe that BBBEE is trying to be everything to everyone. That on the one hand it is trying to ensure the levelling of playing fields for Black, Indian Coloured and naturalised Chinese people amongst a workforce which has traditionally been white and male dominated. At the same time BBBEE is trying to level the playing fields for women and the disabled.
Crimes of BBBEE capture!
Criticism of Broad Based, Black Economic Empowerment (BBBEE) abounds amongst employers. People who own their companies and are terrified that BBBEE means losing control of their most prized asset, the business built over decades through hard work and sacrifice. These scared and witless business owners perpetuate the myth that BBBEE is bad. They spread it around so that they are able to share their misery with other unsuspecting ill-informed and dangerously wrong counterparts.
Mining Charter III: Piling the pressure on small miners
Achieving Mining Charter III’s requirements for structuring broad-based ownership, local procurement and social and labour plans is likely to present serious challenges for small scale miners in particular. It may be time to move away from a 'one size fits all' approach in setting charter targets.
Black Beneficiary dissonance
BBBEE Employees are not entitled. Often, they are just COMPROMISED. A major problem is developing in companies which have embraced BBBEE, where Employee Ownership or Beneficiary Trusts have been created. Employees who happen to also be BBBEE Beneficiaries, sometimes misunderstand that they are ordinary employee’s and do not have a favoured, preferred or somehow entitled status, in-comparison with other employee’s in the company.
THE FUTURE OF JOBS? | …or unemployment and the basic global...
Is South Africa headed down a road of jobless growth where a capital-intensive economy is incompatible with a labour-intensive need? According to an International Labour Organisation (ILO) report reviewed in Forbes Magazine, 11 August 2017, there are about 71 million unemployed 15 to 24-year-olds around the globe, many of them facing long-term unemployment. This is close to a historic peak of 13%.
Empowering women | Whose responsibility?
Should women empower women or is it a man's job, you may ask. Can the disempowered empower themselves? In a world that belongs to men, as James Brown once sang, women are still critical players in the creation of balance & growth. It is proven that companies with women at the helm perform better. However, when so many doors remain closed to women (African women particularly), who needs to take responsibility for changing the status quo?
Radical economic transformation done right is economic inclusion
As more South African politicians and policymakers call for “radical economic transformation” (RET) and others are suggesting “smoke and mirrors”, RET is not possible without a radical change in the way South African businesses see transformation as a whole.
Scathing court decision on fronting!
Soria Hay | Head of Corporate Finance | Bravura | shay@bravura.net | http//www.bravura.net |
The R600 million train blunder that broke in July 2015 is...
Can Enterprise Development help solve our environmental challenges?
Jules Newton | MD | Avocado Vision | jules.newton@bts.com | www.avovision.co.za |
The new BBBEE codes of best practice have challenged business in South Africa...
Implications of BBBEE Commission investigations of ownership trusts?
The BBBEE Commission announced that it has initiated 17 investigations for possible contraventions of the Broad-Based Black Economic Empowerment Act (BBBEE Act).
Six cases deal...