December 18, 2009
BEE brawls to shape mining debate
SANDILE Nogxina, minerals resources director-general, tells me the redrafted mining charter is complete and is likely for circulation to industry in late January or February.
Posted by StaffWriter at 11:24 AM | Comments (0)
November 26, 2009
Banking BEE body 'is dead'
Johannesburg - The banking sector wants to do away with the Financial Sector Charter Council.
Posted by StaffWriter at 9:56 AM | Comments (0)
November 13, 2009
Codes of good practice clash with Mining Charter
Although the South African mining industry has not experienced a setback following the implementation of the socioeconomic empowerment charter for the South African mining and minerals industry, which incorporates broad-based black economic-empowerment (BBBEE) ownership, there are some areas of confusion.
Posted by StaffWriter at 10:05 AM | Comments (0)
November 4, 2009
Counting on more black accountants
The accounting profession yesterday announced the gazetting of the chartered accountancy profession's broad-based black economic empowerment (BEE) charter by Trade and Industry Minister Rob Davies.
Posted by StaffWriter at 11:25 AM | Comments (0)
October 21, 2009
Construction Sector B-BBEE Charter Fails To Deal Adequately With Joint Ventures
Wouter Scholtz - director at Mazars Moores Rowland (audit, tax and advisory firm).
As part of the Black Economic Empowerment process, various industrial sectors were invited to put forward their own B-BBEE charters. When approved by the Minister of Trade and Industry, these charters assume the status of a Sector Code, governing the measurement of B-BBEE compliance in the applicable sector.
Posted by StaffWriter at 6:44 AM | Comments (0)
June 24, 2009
Sector charters can help to take BEE a step further
Contrary to certain views, sector charters are strategic vehicles through which the government can advance broad-based black economic empowerment (BEE).
Posted by StaffWriter at 8:35 AM | Comments (0)
April 5, 2009
Charter has not collapsed, despite missing deadline, says Treasury
The Treasury says the financial services charter (FSC) has not collapsed despite its failure to meet its deadline, which was on March 31, and contrary to media reports.
Posted by StaffWriter at 6:54 AM | Comments (0)
April 2, 2009
Financial Sector Charter has not collapsed - Treasury
The National Treasury would like to advise that, contrary to media reports the Financial Sector Charter (FSC) has not collapsed because of the March 31 2009 deadline. The deadline as in fact much earlier, 31 August 2008.
Posted by StaffWriter at 7:09 AM | Comments (0)
March 4, 2009
Construction charter beefs up points for equity ownership
The construction industry empowerment charter had added five points for equity ownership to the 20 points the government had recommended in the codes of good practice, a move that showed the industry was lagging in this aspect, Sugan Palanee, a senior partner at Ernst and Young KwaZulu-Natal, said last week.
Posted by StaffWriter at 11:42 AM | Comments (0)
February 20, 2009
One more push for charter
[ Johannesburg, 20 February 2009 ] - Following the breakdown of talks on the ICT BEE charter last week, the charter steering committee says issues will be resolved.
Posted by StaffWriter at 7:46 AM | Comments (0)
February 13, 2009
ICT charter talks break down
[ Johannesburg, 13 February 2009 ] - Divisions within the ICT empowerment charter steering committee could spell the end of the road for the long-awaited ICT charter.
Posted by StaffWriter at 2:02 PM | Comments (0)
January 30, 2009
Telecoms charter back in committee
Johannesburg - The telecoms and technology empowerment charter steering committee is scheduled to meet next week to finalise the amendments to its draft charter.
Posted by StaffWriter at 8:40 AM | Comments (0)
January 19, 2009
ICT charter wait continues
The draft ICT Sector Codes of Good Practice on Broad-Based Black Economic Empowerment will not be gazetted yet and has been referred back to the industry to resolve several issues.
Posted by StaffWriter at 7:39 AM | Comments (0)
December 19, 2008
FINANCIAL SECTOR CHARTER : Battle lines drawn
The banking industry has raised the stakes in its battle to fend off the demand to raise the direct black ownership target in the financial sector charter (FSC) from 10% to 15% by calling for political intervention.
Posted by StaffWriter at 1:51 PM | Comments (0)
December 8, 2008
Draft charters for building, forestry
The draft charters for broad-based black economic empowerment (BEE) in construction and forestry sector were gazetted on Friday for public comment.
Posted by StaffWriter at 7:28 AM | Comments (0)
November 3, 2008
Transport sector to change
The Integrated Transport Sector Broad Based Black Economic Empowerment Charter will change the face of transport. In ensuring the sector sticks to the government's aims, it will help to spread the country's wealth.
Posted by StaffWriter at 7:46 AM | Comments (0)
October 24, 2008
Concern over upcoming Mining Charter review in absence of original architects
From an industry perspective, we no longer have major players like Bobby Godsell, Con Fauconnier, Rick Menell and Barry Davison.
"Labour has lost both Gwede Mantashe and Geoff Magida.
Posted by StaffWriter at 7:41 AM | Comments (0)
September 11, 2008
Cool heads needed to resolve impasse on financial charter
The debate around the financial services charter is a crucial one that needs cool heads and negotiated compromises.
Posted by StaffWriter at 7:46 AM | Comments (0)
July 25, 2008
ABVA Welcomes DTI Gazetting of B-BBEE Verification Manual
ABVA (Association of BEE Verification Agencies) welcomes the announcement by the dti (Department of Trade and Industry) that the Broad-Based Black Economic Empowerment (B-BBEE) Verification Manual has been gazetted on July 18th 2008.Posted by StaffWriter at 11:48 AM | Comments (0)
July 24, 2008
South African Government launches the Broad Based Black Economic Empowerment verification manual
The Department of Trade and Industry (DTI) gazetted the verification manual on 18 July 2008 (No. 31255) to provide a framework for the accreditation and verification of Broad Based Black Economic Empowerment (BBBEE) reporting.Posted by StaffWriter at 9:10 AM | Comments (0)
April 4, 2008
AgriBEE charter launched
Following four years of work, the agricultural sector's Broad Based Black Economic Empowerment (BBBEE) Charter was launched by Agriculture and Land Affairs Minister Lulu Xingwana on Friday.Posted by StaffWriter at 1:50 PM | Comments (0)
January 18, 2008
FINANCIAL SECTOR CHARTER - Crisis in FSC council
The financial sector charter (FSC) hangs in the balance after labour and community representatives, who walked out of the FSC council last year, have threatened to stay away permanently.Posted by StaffWriter at 2:06 PM | Comments (0)
December 24, 2007
Accounting project a hit among firms
FIRMS are said to be "lining up" to take on trainees following a successful project that has enabled small- and medium-sized accounting firms to participate in transforming the sector, says the finance sector's education and training authority.Posted by StaffWriter at 7:55 AM | Comments (0)
December 16, 2007
DTI empowerment codes leave banks feeling short-changed
Framework proving to be a bad fit for financial industry, writes Richard Stovin-BradfordPosted by StaffWriter at 7:32 AM | Comments (0)
December 1, 2007
Accounting for transformation
THE auditing profession finally unveiled its black economic empowerment (BEE) charter on Friday following protracted and tough negotiations, which spanned almost three years.Posted by StaffWriter at 7:32 AM | Comments (0)
November 30, 2007
Financial Sector Charter Council deadlock
The Financial Sector Charter Council is deadlocked over the refusal by banks and other institutions to increase black ownership targets to align with the BBBEE Act Codes of Good Practice. This intransigence by financial institutions has left the Charter Council unable to function. Its board meeting on Wednesday had to be cancelled.Posted by StaffWriter at 7:27 AM | Comments (0)
Accountancy profession unveils empowerment Charter
CA Charter insists chartered accountants have a duty to support broad based empowermentPosted by StaffWriter at 7:24 AM | Comments (0)
FINANCIAL SECTOR CHARTER - BEE battle lines drawn
A walkout by eight labour and community sector representatives is threatening the future of the Financial Sector Charter (FSC). The eight have stopped working with the FSC council (which has 21 representatives) after disagreement over alignment of the FSC to the black economic empowerment (BEE) codes of good practice.Posted by StaffWriter at 7:21 AM | Comments (0)
November 26, 2007
Empowerment quotas stunt growth
MEANINGFUL ownership participation by black South Africans in the local mining industry has progressed rapidly in recent years.Posted by StaffWriter at 10:42 AM | Comments (0)
November 23, 2007
ICT charter stalls again
The ICT industry's black economic empowerment (BEE) charter has stalled again, although it is unclear what has caused the latest delay.Posted by StaffWriter at 2:03 PM | Comments (0)
November 22, 2007
BEE business practices improving in SA
The Trade and Industry Department says there has been progress since the government gazetted the new codes of good business practice.Posted by StaffWriter at 9:39 AM | Comments (0)
November 4, 2007
Another View - Good reason to adopt codes rather than charters
Transformation is a bitter pill, and the sector empowerment charter processes are but some form of sugar coating.Posted by StaffWriter at 11:13 AM | Comments (0)
October 24, 2007
BEE charters here to stay - dti
The transformation charters of various sectors had a role to play in the local economy, the department of trade and industry (dti) stressed yesterday.Posted by StaffWriter at 12:09 PM | Comments (0)
October 21, 2007
BEE: like it or not, I'll stay until two economies unite
The key lesson learnt from the mining charter was that, especially when it comes to transformation issues, it is better for an industry to be proactive than to wait for the government to make a move.Posted by StaffWriter at 1:02 PM | Comments (0)
October 19, 2007
Charter decoded
It is not easy to understand what consequence the abolishment of sector charters, as some have called for, would achieve since they are part and parcel of the government strategy to ensure efficient and sustainable transformation of our economy.Posted by StaffWriter at 1:15 PM | Comments (0)
October 10, 2007
Property sector, BEE, charter is gazetted
The property sector transformation charter, which aims to place 25% of SA's property sector in black hands in five years, was gazetted by the government last Friday.Posted by StaffWriter at 12:55 PM | Comments (0)
October 3, 2007
MAC Transformation Charter to Be Gazetted
The marketing, advertising and communications (MAC) industry, together with the Government Communication and Information System (GCIS), last week handed over the MAC Transformation Charter to Minister in the Presidency Dr Essop Pahad, who will take forward the process of gazetting the MAC industry BBBEE charter.Posted by StaffWriter at 9:12 AM | Comments (0)
October 2, 2007
MAC charter to shield, not crucify
Last week's signing of the Marketing, Advertising & Communication (MAC) Transformation Charter introduces a significant chapter in our industry's progress in South Africa.Posted by StaffWriter at 9:18 AM | Comments (0)
February 12, 2007
BBBEE Codes gazetted
The Codes of Good Practice on Broad-Based Black Economic Empowerment were gazetted last Friday along with the sector charters for the Construction and Finance industries...
Posted by Bernie at 4:28 PM | Comments (0)
November 22, 2005
Accountants pursue own BEE charter
THE accounting profession is drawing up its own empowerment charter in a bid to swell the number of black chartered accountants in its ranks...
Posted by Bernie at 12:53 PM | Comments (0)
October 31, 2005
Manto relaxes health charter targets
The new targets are more in line with those outlined in the department of trade and industry’s (DTI’s) codes of good practice for broad-based black economic empowerment, with the percentages in the first draft of the health charter exceeding those set in the codes and other sectoral charters...
Posted by Bernie at 12:30 PM | Comments (0)
October 6, 2005
Tourism BEE council appointed
A council to ensure that a charter on black economic empowerment (BEE) in the tourism industry is carried out has been appointed. The council will fall under the leadership of Tami Sokutu, the former director general of the public works department, and the current executive director of African Bank...
Posted by Bernie at 2:16 PM | Comments (0)
September 19, 2005
BEE scorecard approved for agric companies
A "SCORECARD" for black economic empowerment (BEE) in the agricultural sector was approved by a steering committee today, the agriculture department said...
Posted by Bernie at 8:56 PM | Comments (0)
August 3, 2005
A women's charter to match the BEE charter
Government is considering new laws to empower women in the workplace says Mmabatho Matiwane, Head of the Gender and Women's Empowerment Unit, at the Department of Trade and Industry’s (DTI)...
Posted by Bernie at 8:16 PM | Comments (0)
August 2, 2005
BEE scorecard for the exhibition industry
The Exhibition Association of Southern Africa (EXSA) has agreed to adopt the Tourism BEE Scorecard for the exhibition industry...
Posted by Bernie at 3:11 PM | Comments (0)
July 29, 2005
Marketing sector releases draft BEE charter
THE marketing and communications industry released its draft black economic empowerment charter yesterday, after four years of negotiations among stakeholders...
Posted by Bernie at 2:56 PM | Comments (0)
July 27, 2005
Industry BEE Scorecard presented to Minister
The advertising, marketing and broader communications industry, has until 2008 to get its house in order as far as meeting Government's transformation targets, and has until 2014 to be fully transformed in line with current Black Economic Empowerment policy. The draft Transformation Charter and Scorecard was presented to Minister in The Presidency, Dr Essop Pahad...
Posted by Bernie at 8:35 AM | Comments (0)
July 1, 2005
BEE codes' lofty objectives dashed by the detail
IF YOU have children...
Posted by Bernie at 1:18 PM | Comments (0)
June 27, 2005
Unlocking the Codes
The Department of Trade and Industry has unveiled its revised codes of good ...
Posted by Bernie at 10:19 AM | Comments (0)
June 14, 2005
mfsa buttresses industry transformation
The Marketing Federation of South Africa (mfsa) has announced its ongoing and active support ...
Posted by Bernie at 11:13 AM | Comments (0)
June 7, 2005
Gauteng unveils BEE plan
The new black economic empowerment (BEE) ...
Posted by Bernie at 8:21 AM | Comments (0)
May 16, 2005
BEE shortcuts will end in tears
The employment equity requirements of the various sector charters have resulted in a massive demand for black...
Posted by Bernie at 2:46 PM | Comments (0)
May 15, 2005
Final draft ICT charter in
Johannesburg - The final draft of the empowerment charter for the information and communications technology (ICT) sector ...
Posted by Bernie at 6:49 PM | Comments (1)
April 21, 2005
'Transformation not just about new faces'
Transformation in the construction industry should not be about substituting white with black...
Posted by Bernie at 8:21 AM | Comments (0)
April 20, 2005
Marketing, advertising adopt charter
The marketing and advertising sectors of the economy committed themselves to broader transformation ...
Posted by Bernie at 7:09 AM | Comments (0)
April 11, 2005
Multinationals stand against ICT charter
IBM has sent a strong signal that multinationals might yet again reject the equity clause in the version of the ICT charter released this week...
Posted by Bernie at 1:43 PM | Comments (0)
April 6, 2005
New draft BEE charter to be published by Friday
A new draft empowerment charter for ...
Posted by Bernie at 12:36 PM | Comments (0)
Transformation of business chambers moving slowly
THE MOVE to make business chambers and associations ...
Posted by Bernie at 9:32 AM | Comments (0)
April 1, 2005
Charters light a fire under BEE deals
THE number of black economic empowerment transactions doubled last year from ...
Posted by Bernie at 12:03 PM | Comments (0)
March 30, 2005
Dept Releases Charter for Comments
The North West Department of Public Works will release the Construction ...
Posted by Bernie at 10:42 AM | Comments (0)
March 15, 2005
Dept Releases Charter for Comments
The North West Department of Public Works will release the Construction ...
Posted by Bernie at 10:08 AM | Comments (0)
January 27, 2005
Widespread acceptance of wine industry transformation - SAWB
The new Wine Black Economic Empowerment Steering Committee will drive the final phases of the much-awaited Charter for the industry's transformation, scheduled for completion by October this year..
Posted by Bernie at 10:34 AM | Comments (0)
January 25, 2005
Draft document on BEE charter for wine industry on way
The South African Wine Industry Trust, which was mandated by government to produce a black economic empowerment (BEE) charter for the wine industry...
Posted by Bernie at 7:06 AM | Comments (1)
