In one of our previous newsletters, we mentioned that B-BBEE still remains an absolute necessity and will be around for many years to come, albeit in an evolved form. President Cyril Ramaphosa’s recent speech to the National Assembly, is proving this true: “We are not going to scrap B-BBEE, because it has brought real benefits to blacks, women and persons living with disabilities. It has contributed to the significant growth of a black middle class, boosted employment equity and it has enabled black people and women to become owners and managers of businesses,” and “Far from abolishing it (B-BBEE), now is actually the time to strengthen it, to make it more effective and make it more aligned with our goals of increasing investment and employment,”. Read the full article here Where does that leave you? As a company, you and your staff need to be aware of B-BBEE and the various elements. For instance, B-BBEE affects purchasing decisions (procurement), staff recruitment (management control), strategic partnerships (Supplier and Enterprise Development and Ownership), staff training and succession planning (Skills Development), community assistance (Socio-Economic Development) and numerous other business decisions. By attending our training, you will be equipped to maximise opportunities to improve your company’s B-BBEE scorecard in a way that makes business sense, and be fully prepared to implement BEE activities in your company. EconoBEE offers various B-BBEE specific workshops in Johannesburg, Cape Town and Durban and if you are needing more tailored assistance, we are specialists in customising seminars specific to your company’s needs. A brief look at our upcoming Workshops include:

DATE	WORKSHOP TITLE	PRICE
	Johannesburg
06 August 2019	2 hour Y.E.S	R750.00
15 August 2019	Half Day – Employment Equity	R1700.00
27 August 2019	Half Day – BEE	R1700.00
10 September 2019	Sector Codes: Property	R1700.00
19 September 2019	Half Day – Employment Equity	R1700.00
26 September 2019	Half Day -Skills Development	R1700.00
08 October 2019	Full Day – BEE	R3193.04
17 October 2019	Sector Codes: ICT	R1700.00
31 October 2019	Half Day – Employment Equity	R1700.00
	Durban
27 August 2019	Full Day – BEE	R3913.04
28 August 2019	Half Day – Employment Equity	R1700.00
13 November 2019	Full Day – BEE	R3913.04
14 November 2019	Half Day – Employment Equity	R1700.00
	Cape Town
13 August 2019	Half Day – BEE	R1700.00
14 August 2019	Half Day – Employment Equity	R1700.00
17 September 2019	Half Day – Employment Equity	R1700.00
18 September 2019	2 hour Y.E.S Initiative	R750.00
09 October 2019	BEE- Full Day	R3913.04
10 October 2019	Half Day – Employment Equity	R1700.00

All prices exclude VAT For more information on our training, please click here / contact us on 011 483 1190 or email pheliswa@econobee.co.za

The date of the 18th of July has been adopted by the international community as Nelson Mandela International Day. In South Africa, we have the opportunity to take this one step further by embracing the aims of the Mandela Day movement and incorporating this within our Socio-Economic Development (SED) strategies. We can all make a difference and companies embracing this idea can, through their collective effort, truly change our country. Mandela Day is not a holiday, but rather it is a day for all of us to opt into humanity – to roll up our sleeves and play an active role in building our communities. This is an opportunity for each of us to share Nelson Mandela’s vision of a better future for all.

“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others” – Nelson Mandela

There are many objective’s of the Mandela Day movement but ultimately it seeks to empower communities everywhere. Specific goals that have been identified for 2019 – 2029 relate to the following categories:

• Education and Literacy
• Food and Nutrition
• Shelter
• Sanitation
• Active Citizenship

Socio-Economic Development (SED) contributions are any monetary or non-monetary contribution implemented for individuals (natural individual or group of natural individuals) or communities, where at least 75% of the beneficiaries are classified as black people in terms of race. QSEs and Generic Entities will be recognised with valuable points under the SED element for making these contributions towards the beneficiaries under the criteria. In terms of the BEE Codes of Good Practice, the objective of SED contributions is to assist in facilitating income generating activities. The initiatives can involve the following development programmes for females, youth people with disabilities and people living in rural areas; support of health care and HIV/AIDS programmes; support of education programmes, resources and materials at primary, secondary and tertiary education as well as bursaries and scholarships. Community training, skills development for unemployed people and adult basic education training or support of arts, cultural or sporting development programmes.   Join us for our upcoming BEE workshops: Lianne Friedman, our CEO, is hosting a full day workshop on BEE on the 18th of July in Johannesburg (Cape Town and Durban will be later dates, see below) that will assist you in preparing for financial year end, help obtain some much-needed points and prepare fully for verification.

• Title: Full Day BEE Workshop including the Amendments to the B-BBEE Codes
• Date: 18 July (JHB), 27 August (DBN), 09 October (CT)
• Duration: 09h00 to 17h00
• Price: R3 913.04 Excl VAT (50% discount for BEE Managed Service Clients)
• Venue: Johannesburg – 435 Rugby Avenue, Ferndale, Randburg, Durban – The Circle, Douglas Drive, Ballito, Cape Town – TBC

To book please email us on pheliswa@econobee.co.za or call us on 011 483 1190 For more information on the various workshops we hold, please visit https://econoservices.co.za/training-workshops-seminars/

News within the B-BBEE community (and South African Business) has lately been dominated by articles discussing fronting and recent strides being made by the B-BBEE commission in clamping down on unlawful transactions, specific to the ownership element. In a recent article Busisiwe Ngwenya, the executive manager for compliance at the B-BBEE Commission, advised delegates that when signing contracts to consult someone who will be able to explain the terms in their simplest form, so as to eliminate chances of being exploited. Ownership must have voting rights, economic interest and net value! Fronting, which is a misrepresentation of a company’s BEE status, has been criminalised by the BEE act and perpetrators could face jail time of up to 10 years in prison and/or a fine of up to 10% of a company’s turnover. If you would like advice on your company’s current BBE transactions, or need assistance in any pending BEE ownership deals, please feel free to get in contact with us. Upcoming workshops include:

• Full Day BEE Workshop including the Amendments to the B-BBEE Codes (Facilitated by our CEO)  – 18 Jul (JHB), 27 Aug (DBN), 09 Oct (CT)
• Half Day BEE Workshop – 16 Jul (CT), 23 Jul (DBN), 27 Aug (JHB)
• 2 Hour YES Workshop – 17 Jul (CT), 24 Jul (DBN), 06 Aug (JHB)

To book please email us on pheliswa@econobee.co.za or call us on 011 483 1190 For more information on the various workshops we hold, please visit https://econoservices.co.za/training-workshops-seminars/

Tired of buying BEE points? Or rather see BEE as a grudge purchase? Want to make a genuine difference in South Africa? Want to grow your business? Contact EconoBEE to explain how our revolutionary managed service has helped thousands of clients implement sustainable BEE activities in a way that makes perfect business sense. Being one of the oldest BEE consultancies we have seen all the changes to the legislation and been there through it all. Our advice makes perfect BEE sense and helps your company grow. With success stories of skills development and enterprise and supplier development we know that we can give you strategic advice that can be implemented in your business. Looking forward to growing our economy, your business and people one step at a time!! Join us for our upcoming BEE workshops: Lianne Friedman, our CEO, is hosting a series of full day workshops that will assist you in preparing for financial year end, help obtain some much-needed points and prepare fully for verification. These courses are designed to help the key people in your organisation understand the requirements and the codes and to design and implement strategies to increase the company’s B-BBEE scorecard.

• Title: Full Day BEE Workshop including the Amendments to the B-BBEE Codes
• Date: 18 July (JHB), 27 August (DBN), 09 October (CT)
• Duration: 09h00 to 17h00
• Price: R3 913.04 Excl VAT (50% discount for BEE Managed Service Clients)
• Venue: Johannesburg – 435 Rugby Avenue, Ferndale, Randburg, Durban – The Circle, Douglas Drive, Ballito, Cape Town – TBC

Other upcoming workshops include:

• Half Day BEE Workshop – 16 Jul (CT), 26 Jul (DBN), 27 Aug (JHB)
• 2 Hour YES Workshop – 17 Jul (CT), 27 Jul (DBN), 06 Aug (JHB)

To book please email us on pheliswa@econobee.co.za or call us on 011 483 1190 For more information on the various workshops we hold, please visit https://econoservices.co.za/training-workshops-seminars/