Tag: Supplier Development

Even with South Africa almost 30 years into its democracy, Broad-Based Black Economic Empowerment (B-BBEE) 'Fronting Practice' is still a widespread practice that significantly undermines the creation of a more equal and prosperous South African society.

What are the legal implications for international oil companies (IOCs) operating in host countries where supplier due diligence is a challenge? The short answer to the question is that IOCs face ever increasing legal risk.

Although the notion of shared value, CSI and businesses giving back to the communities in which they operate is nothing new, it is becoming more imperative for businesses to integrate the well-being of society into their core objectives. In many instances, contributing to society is a secondary objective for businesses and yet without a healthy flourishing society, we cannot be successful in business.

What would a Framework for including people with disabilities into your supply chain look like in-terms of the latest BBBEE Codes of Good Practice published on the 31st of May 2019?

The Department of Trade and Industry’s amendments to the B-BBEE Codes of Good Practice on Friday, 31 May, were published in the government gazette with very little fanfare considering the significant impact they may have on generic entities in the country. These changes to the codes and will affect businesses in terms of procurement, enterprise and supplier development as well as skills development.

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 (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks. This previously productive and successful small or junior diamond mining industry consists of just 180 remaining entrepreneurial mining operators employing around 5,000 people at an annual salary bill of R550 million.