Amended B-BBEE Act could cost jobs
The amended Broad-based Black Economic Empower (B-BBEE) Act of 2013 that came into effect on 1 May 2015 could potentially wipe out more than R20-billion in direct skills development and training investments and cost black South Africans many thousands of job opportunities. In this opinion piece, Hansie Fourie, managing executive of B-BBEE Consultancy Services, explains why.
Marval Africa partners with M2TD
Marval Africa has partnered with M2TD Consulting to bring Marval’s global leading IT service management (ITSM) tool, MSM, to the South African public and mining sectors. As a result of this partnership, M2TD has exclusive rights to resell Marval’s ITSM solutions...LexisNexis offers BBBEE compliance check
With the changeover to the new B-BBEE codes for all certificates issued from 1 May 2015, LexisNexis South Africa, the leading provider of content and technology solutions for the legal and professional sectors, has added a B-BBEE compliance module to ProcureCheck – its leading procurement vetting and management tool.
New BBBEE Codes an opportunity to grow
Mid-sized businesses face a significant challenge in transforming their businesses to comply with the stricter Revised Broad-Based Black Economic Empowerment (BBBEE) Codes that will come into effect on 1 May this year. However, they should regard it as an opportunity to help grow both their businesses and the South African economy. That’s the word from Saul Symanowitz, divisional manager at Sage Pastel BEE123, who says that mid-range businesses regarded as Qualifying Small Enterprises (QSE) under the Revised BBBEE Codes will need to think of creative solutions to address the new requirements of the Codes.