In Issue 12
- ‘Major B-BBEE transactions’. Are they fair, mutually beneficial and in the spirit of Transformation?
- Amended JSE Listing requirement. How does this impact on organisations at the ‘top of the food chain’?
- Employment Equity & Management Control – ‘Connect the Dots’.
- BEE Proactive not Reactive. Proactive measures to optimise your B-BBEE.
- Enterprise Development ‘The First 1,000 Days’. A mechanism to redress operational shortfalls.
- Matlafatso Incubation Hub opens. Meet the future Industrialists.
- Compliance reporting. One vault of information, one result.
- Catalyst for Growth, a platform designed to tangibly measure Enterprise Development performance.
- Improve your bid win ratio. Is recognising a high probability win bid a science?
- Disability Change Management. Personal Transformation equals Organisational.
It has been 14 years since the Broad-Based Black Economic Empowerment Act of 2003 came into effect and a decade since the first measurement benchmark of B-BBEE was introduced. Still, all these years later, a thick cloud of chaos hovers as those driving B-BBEE strategies on a day-to-day basis grapple to come to terms with the expectations, especially in terms of Preferential Procurement. So what are the ‘root causes’ of such chaos? Is it perhaps a lack of understanding of what is required or differing interpretations of the Amended Codes or specific Sector Code? Or is it simply due to organisations getting lost in the detail?
This article, featuring on page 30, highlights the consequences of accepting a B-BBEE Certificate on face value, the misinterpretation of the Preferential Procurement scorecard and fraudulent B-BBEE Certificates. It concludes with tips for keeping a Preferential Procurement strategy on track.
The implementation of the Protection of Personal Information Act is imminent. PoPI, as it is otherwise referred to, holds an organisation responsible for the safekeeping and protection
of personal information being held. PoPI, what’s the big deal featured on page 26? This article gives an overview of the Act and breaks down its status, how it will be regulated and the rationale behind it.
Did you know that people with disabilities represent less than one percent of the South African workforce? The article featured on page 52, introduces #onepercent, which addresses the under-representation of people with disabilities in South Africa’s national workforce. Included are guidelines to steer organisations to towards developing and implementing a disability agenda.
The Amended Property Sector Code was Gazetted on 9th June 2017. This Sector Code applies to all privately owned and listed organisations operating within the property sector. It further binds all Organs-of-State, organised labour and communities with a vested interest in the sector.
In 2016 Property Sector Charter Council revealed that the value of the South African property sector was R5.8 trillion. Therefore, driving Transformation successfully through this sector is fundamental in the ‘grand scheme of things’ due to the sheer magnitude of it.
Page 12 gives insight into the unique features held within the Property Sector Code. Namely, there is no blanket or generic scorecard. Each sub-sector has their own specific scorecard, which in some cases provides exemptions to certain elements.
The shortfalls in meeting Preferential Procurement will be addressed at the TFM Transformer’s Forum on 8th November 2017. Included is a breakdown of the imminent PoPI Act and how it will inform your business. The Guest Speaker is Mokgadi Rameetse, the B-BBEE Accreditation Manager at SANAS, the verification governing body. She will give an overview of the standards one should expect from a verification agency in line with SANAS requirements. The Forum is an interactive platform that invites delegates to challenge the experts. To secure your place, email firstname.lastname@example.org.