Tag Archives: BEE

Black Economic Empowerment under the spotlight

President Jacob Zuma

One of the main flaws around the enactment of Black Economic Empowerment (BEE) most likely was the over-emphasis on the subject of diversity of ownership together with senior management.

This has been one of several crucial concerns brought up during the Black Economic Empowerment Advisory Council meeting, chaired by President Jacob Zuma on Friday, which reviewed how to take the program of economic transformation into the future as well as encourage inclusive growth.

“The unintentional results of this specific over-emphasis is without a doubt fronting along with tender abuse. We are satisfied of the fact that the Council spoke out so firmly in opposition to fronting which happens to be one of the leading obstructions to the implementation of BBBEE.

“Fronting is unquestionably an insult to the dignity of the poor and in addition we are required to respond decisively in opposition to it. I am delighted of the fact that the Council is so motivated to work together with us to do something against this heinous practice,” Zuma said.

As reported by the Presidency, there was clearly a special focus on the implementation of the New Growth Path along with the role of Broad-Based Black Economic Empowerment (BBBEE) with regard to job creation during the meeting.

Specifically, the meeting emphasized the fact that BBBEE was not simply about big business deals for a handful of individuals in society but at the same time required a hand in empowering common citizens.

“With regard to this, the Council consider it necessary for the consistent enactment of broad-based BEE in every one of the sectors of the economy, with the intention that the policy touches the lives of a lots more people,” the Presidency said.

The meeting furthermore pointed out that BBBEE was in fact central to inclusive growth. Help and support was given to provisions of the New Growth Path which in turn demands a much more resilient focus on the broad-based components of the BEE regulations.

This included ownership by communities and workers, greater skills development along with career-pathing for all those working people, ongoing help and support for small enterprise and cooperatives, together with a completely new focus on procurement from local producers in an effort to assist job creation.

The meeting at the same time remarked that in order to contribute to job creation, BBBEE is required to, amongst others, encourage new enterprise development, stimulate local procurement and additionally make improvements to skills development and employment equity.

Participants additionally concluded that fronting would have to be exterminated coupled with effective mechanisms, and this includes possible punitive measures against those responsible for and guilty of fronting practices, would have to be put in place to stamp it out.

“It was decided that government, together with the help and support of the BBBEE Advisory Council, would definitely guarantee a revision of the BBBEE Codes in order to promote job creation, investment in small business and cooperatives, broad-based ownership and employment equity,” the Presidency said

The Council at the same time proposed that government will need to immediately make sure that appropriate monitoring and evaluation of the implementation of the BBBEE Act.

Source: BuaNews

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Transcend BBBEE Corporate Advisors and Training

Your BEE or Transformation Team Deserves a “Thank You!”

In most sectors, 2010 has been a tough year: the Soccer World Cup has come and gone, the effects of the global economic meltdown is still permeating our economy, the political landscape seems ever-changing, and the demands on our time and resources just continue to escalate …

In most industries, the BEE or Transformation Team has been hard at work this year formulating strategies, implementing initiatives, aligning multiple legislative requirements, gathering documentation, and doing their best to get your organisation as compliant as possible.

To strengthen their dynamics as a team, and build a formidable force for 2011, why not reward your BEE or Transformation Team with a unique experience to Constitutional Hill or Alexandra Township.


Constitutional Hill is the site of our Constitutional Court, the cornerstone of our new democracy, as well as the old prison that held both Madiba and Gandhi.

This environment acts as a palimpsest (a surface on which the original writing has been erased to make way for new writing, but upon which traces of the old writing remain visible).  This juxtaposition of the past and the present can help us understand the possibilities of the future.

At Constitutional hill, walk through the old prison, go into the isolation cells in the women’s prison, spend time in Madiba’s cell, and go into the actual main court room, where our Constitutional court hearings are held.

Explore what race means in a society that strives to be non-racist, and place our history into context.

Experience first-hand one of the most vibrant, densely-populated places in South Africa!

Why did Alexandra Township survive during the forced removal policies of the National Party government, when District Six, Dukathole and Sophiatown did not?   Alexandra’s journey from farmland to receiving a Scroll of Honour from the United Nations is a fascinating story of an unusual friendship, and the enduring spirit of a community to survive, against all odds.

Encounter the potential in people, by hearing the stories of small business owners who are making a tangible difference.  These include small entrepreneurs who won the Standard Bank’s Entrepreneur awards for 2009, as well as an orphanage that does what it can to help those who are too small to help themselves.

Discover a part of Johannesburg you never knew existed, and which few people will experience!

Investment:

Constitutional Hill – R 7 500 Excl VAT for in-house company groups up to 12 persons

Alexandra Township – R 9 500 Excl VAT for in-house company groups up to 12 persons

For groups larger than 12 persons, please enquire to Brian Hendrikz on 011 442 2433 or by e-mail on brian@transcend.co.za

Do you want to experience these trips by yourself, or do you only have a few people in your team?  No problem!  Join an Immersion trip for only R 750 Excl VAT per person

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The 4th Annual BEE Conference

Following the outstanding success of the previous Annual BEE Conferences, EES-SIYAKHA and the BEE Institute are proud to present the 4th Annual BEE Conference on 7 – 9 December 2010, at the Southern Sun Hotel, Grayston Drive, Sandton.

This year’s conference will focus on the Sustainable Implementation of BEE. Various Black Economic Empowerment stakeholders will be presenting, and we will showcase case studies of companies who have successfully implemented different aspects of BEE. As has become an integral part of the conference, delegates are given the opportunity to learn about the most recent developments on the BEE front and the latest BEE best practice advances from leaders in the different BEE elements.

Other features include:

  • Separate concurrent sessions on the different elements of the scorecard, focusing on case studies – enabling delegates to attend sessions on their specialist areas
  • Updates on developments by ABVA, DTI, NABC, BUSA, BEE Institute, BEE Advisory Council
  • Training workshops on the third day on Best Practice Strategy Development and Implementation in: Human Capital (Employment Equity, Skills Development and Socio-economic Development)
  • Value Chain (Preferential Procurement, Enterprise Development and Socio-economic Development)
  • Networking cocktails on the second day

FEES PER DELEGATE

(excluding vat)

Standard Registration

2 Day @ R 7 250 per Delegate

3 Day @ R 8 950 per Delegate (Full Conference Package)

If you register three delegates, the fourth delegate can attend the conference FREE of charge.

Date: 7 — 9 December 2010
Location: The Southern Sun Hotel, Sandton, Johannesburg

For more information contact Leila Moonda

Telephone: (011) 726-3052
Email: events@beeinstitute.co.za
Website: http://beeinstitute.co.za/?page_id=168

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