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What can you do about employees who didn't show up to work because of today's taxi strike?
It's a jungle in Jo'burg this morning. Not only is the heavy raining causing havoc on the roads, but thousands of workers are stranded due to today's National Taxi Alliance (NTA) strike. And that's bad news for your business. Here's what you need to know about how to handle employees who couldn't [read more...]How to avoid a Miss SA type nepotism scandal in your workplace
There's a fresh scandal surrounding the Miss South Africa pageant. A few weeks back, news reports indicated that the general public wasn't happy with the choice of judges for the pageant. Now there's a rumours of t. And it's put the spotlight back on nepotism in the workplace. [read more...]Strikes: What does 'issue in dispute' mean?
News reports this morning indicate that government intends to meet with the Association of Mineworkers and Construction Union (Amcu) today in a last ditch attempt to halt a mass strike in the mining sector. The looming strike, which is expected to have a devastating impact on the economy, has [read more...]| by FSP Business, 04 October 2013 |
It's official!
The new B-BBEE codes, which have been keenly awaited by business ever since a first draft was issued over a year ago, have been announced. The codes provide the basis on which the B-BBEE rating of a company is calculated.
Here are the implications of the new B-BBEE codes
According to a BDlive report, the new codes contain five rather than seven elements and provide for penalties should an enterprise fail to reach the minimum standard in three areas: ownership; enterprise development and procurement and skills development.
Failure to achieve in these areas will lead to an automatic one-notch discount of their ratings level.
The report further explains that the formula to calculate ownership levels has also been tightened to encourage companies to retire the debt of their BEE partners more quickly. Companies must show that black shareholders have an effective net equity value of 40%.
A third element that's been tightened is the definition of an empowered supplier. To qualify, a company must add value through local manufacturing as opposed to importing products.
In addition, small black-owned companies will also no longer be required to be rated by empowerment ratings agencies, which Davies said had been a financial burden. To prove their credentials all that the DoL requires is the presentation of an affidavit attesting to their ownership, BDlive reports.
If you want to refresh your memory on how the new codes differ from the old ones, you can read all about it here.
But why have the B-BBEE codes changed?
The move to revise the codes is because the B-BBEE policies are seen as not achieving their true objectives.
'The government hopes that giving established companies incentives and disincentives — through the codes — to pull new black entrants into their supply chains will foster the growth and capacity of black manufacturers,' BDlive reports.
My insubordinate employee has threatened to take me to the CCMA if I fire him - how can I fire him properly and prevent the CCMA getting involved? [see the answer]
