Article: Revised B-BBEE codes approved for comment

[rpm]

You can view the page at http://mybroadband.co.za/vb/content.php/5159-Revised-B-BBEE-codes-approved-for-comment

 

[rpm]

Cabinet has given the nod for revised broad-based black economic empowerment "codes of good practice" to be published for public comment.

"The revised codes will enhance the implementation of B-BBEE in a meaningful and sustainable manner," government spokesman Jimmy Manyi told reporters after Cabinet's regular fortnightly meeting on Wednesday.

 

[sox63]

Key areas of refinement included the generic scorecard being reduced to five elements, with employment equity and management control being consolidated, and preferential procurement and enterprise development merged to form a supplier development element.

I'm happy with this consolidation, especially this "supplier development" element. I always felt the previous two were a bit of a duplication and companies could the same figures in two different elements.

 

[Hemi300c]

I don't want to get banned so I will not comment.

 

[DreamKing]

I don't want to get banned so I will not comment.

 

[DreamKing]

what the hell that B*A* is? regular expression?

 

[OMB]

Thresholds for exempted micro enterprises and qualifying small enterprises (QSE) had been adjusted.

hopefully upwards

 

[marine1]

I don't want to get banned so I will not comment.

well said

 

[Nod]

Cabinet has given the nod for revised broad-based black economic empowerment "codes of good practice" to be published for public comment.

The "nod" had not been given to anyone ...

Anyways, specifying an end date for BEE would have been nice. Too many positions stay open because of it.

 

[Mila]

Was Jimmy not fired?

 

[OMB]

The "nod" had not been given to anyone ...

Anyways, specifying an end date for BEE would have been nice. Too many positions stay open because of it.

dream on, it's going to be a long time before that happens

 

[OMB]

Was Jimmy not fired?

his contract expires at the end of this month and will not be renewed

 

[Mila]

O.

 

[Skywalker42]

I don't want to get banned so I will not comment.

You said it. No comments from me either.

 

[Thugscub]

No comment

 

[Brawler]

What does BBEEE mean for the township dweller?

 

[Fudzy]

Lol, again with the ANC car? This place is really starting to show it's stripes.

Anyhow, will be interesting to see how these policies affect the companies who hire token staff.

 

[Freaksta]

Pain in the arse all it is, dads company is trying to do the bee thing without any ownership. Lots of hoops to jump through and costly too..

 

[Vrotappel]

BEE is just a vehicle for BEE. Legalized theft.

 

[Sneeky]

Entities that were 100 percent black-owned would qualify as level one, and those more than 50 percent black-owned would qualify as level two.

So if you have 99% black ownership you still score a 2?