Unemployed vs Employed are terms causing much frustration and debate in the practical application of Code 300, Skills Development. This Code provides expectations, however, interpretation of identified beneficiaries often lies in the ‘eyes of the beholder’. This is largely due to inconsistencies of specific target beneficiaries within the scorecard. As Skills Development forms one of the three Priority Elements within the Amended Codes, the consequence of misinterpretation could result in non-compliance and subsequent discounting of an organisation’s overall B-BBEE status level. This article presents interpretations held within other legislative Acts, in order for those driving Skills Development initiatives to make an informed decision.
The Continued Consequence Principle, known to many as ‘Once Empowered, Always Empowered’ is, arguably, one of the most complex areas of the Amended Codes. This article introduces the amendments made to this principle within the Amended Codes in relation to the qualification and calculation thereof. It concludes with a scenario that breaks down the complexity of this Principle when calculating Continued Consequence.
This issue unpacks the expectations of the Agri, MAC & Property Sector Codes. These three Sector Codes endeavor to maximize ‘Black’ participation. Within each sector code is unique aspects and features in order meet the desired outcome of Transformed sectors. The article compares the expectations of these three sector codes against those of the 2013 Amended Codes.
Issue 6 of TFM Magazine boasts 64 pages. It pays tribute to the women who bravely marched to the Union Buildings in 1956. This tribute is not intended to continue the age-old battle of the sexes, but to acknowledge the Transformation journey and success of women over nearly six decades.
This article highlights the benefits of a meaningful Joint Venture. It gives insight into the roles, responsibilities, risks and rewards of all parties. How can a Joint Venture benefit one’s scorecard?
The QSE scorecard in line with the ‘Amended Codes’ was gazetted on 6th May. What are the implications of this revised scorecard?
Issue 5 of TFM Magazine boasts 60 pages of informative, easy to read and credible information catering to a Transforming South Africa. This issue places focus on our Youth, those aged between 14 and 35 or according to Generational analysis, the Millennials, otherwise known as Generation Y.
It is estimated that approximately 60% of B-BBEE certificates, used to secure work, are fake. Is corporate South Africa turning a blind eye to fake B-BBEE certificates? Does your organisation have the processes in place and ability to identify the ‘red flags’ in order to flush out these fraudulent B-BBEE certificates?