BBBEE Fronting

BBBEE Fronting

The Broad-Based Black Economic Empowerment Act 53 of 2003 (2003 Act) together with the generic codes of good practice and the sector codes, provide the legislative framework for Broad-Based Black Economic Empowerment (BEE) in South Africa. The Broad-Based Black Economic Empowerment Amendment Act, 46 of 2013 (the Amendment Act) which brings about significant changes to BEE,

The Entrepreneurship Of King Shaka: 6 Reasons Why King Shaka Would Have Been A Successful Entrepreneur

The Entrepreneurship Of King Shaka: 6 Reasons Why King Shaka Would Have Been A Successful Entrepreneur

By guest writer Nelson Sebati, Entrepreneur and Non-Executive Chairman at Murason Business Services. He has 10 years’ experience in recruitment, talent acquisition, career transitioning & on-boarding, with a specific focus on IT and Executive skills. He is a certified Career Strategist and Job Search Coach. He studied Entrepreneurship at Wits Business School, Law at UNISA, BBBEE at

What Does Enterprise Supplier Development (ESD) For BBBEE Involve?

What Does Enterprise Supplier Development (ESD) For BBBEE Involve?

Enterprise Development (ED) is and has been an area of activity where many large companies wish to effect great transformation in their supply chains for a genuine win-win. This approach and shift in thinking has seen Enterprise Development mature from a compliance issue (tick box) to one of genuine transformation among medium to large South

Invite for SMMEs in the City of Tshwane to a working visit to Moscow, Russia, on 08-14 December 2014

Invite for SMMEs in the City of Tshwane to a working visit to Moscow, Russia, on 08-14 December 2014

Исполнительный мэр города Цване Кгосиенцо Рамокгопа планирует с рабочим визитом в Москву, Россия, 8-14 декабря 2014 года. & nbsp; Основная цель визита – официально установить технические отношения и наладить деловые связи между городами Цване и Москвой. Наше взаимодействие с Москвой осуществляется в более широком контексте сотрудничества Южной Африки с нашими партнерами по БРИКС (Бразилия, Россия,

Unpacking The New BBBEE Act

Unpacking The New BBBEE Act

The Broad-Based Black Economic Empowerment Amendment Act, No 46 of 2013 (BEE Amendment Act) which amended the Broad-Based Black Economic Empowerment Act, No 53 of 2003 (BEE Act) to, amongst others thing, make the BEE Amendment Act the principal legislation in South Africa with regard to BBBEE, to make it obligatory for all governmental bodies

Supplier Registration Invitation For Black Youth And Black Persons With Disabilities Owned Businesses.

Supplier Registration Invitation For Black Youth And Black Persons With Disabilities Owned Businesses.

Murason Business Services (MRS) hereby invites vendors to be pre-qualified as potential Suppliers and Enterprise Development partners. MASSIVE OPPORTUNITY; potential 3 year contract on a large Infrastructure Projects. In line with our  BBBEE and Enterprise Supplier Development (ESD) strategy that is aligned to the Broad-Based Black Economic Empowerment (BBBEE) Act and codes of good practice

Tax Implications Of Enterprise Development Grants Contributions.

Tax Implications Of Enterprise Development Grants Contributions.

Broad-Based Black Economic Empowerment (BBBEE) is a regime that affects almost all businesses in South Africa and for an expanding business, a good BBBEE scorecard can sometimes be the difference between clinching a life-changing tender as opposed to turning into ashes. Businesses, depending on the classification of the business, have to choose a certain amount

The Love And Hate Relationship Between ESD And Procurement.

The Love And Hate Relationship Between ESD And Procurement.

We as Enterprise and Supplier Development (ESD) Practitioners frequently find ourselves at odds with Procurement when contracts involving tangible/strategic products are involved. ESD Practitioners are charged with increasing their companies’ overall BBBEE spend, but face a major obstacle in the form of little buy-in or participation from their Procurement Team visit. To surmount this obstacle,

Pre-requisites For ESD

Pre-requisites For ESD

Increasing competition within the worldwide economy has for many years been forcing South African companies to reduce their costs and improve their BBBEE scores. However, traditional approaches have been limited to eliminating wastage within companies, improving efficiencies through outsourcing of non-core functions and concluding BEE ownership deals.

Leave Enterprise Supplier Development To The Professionals

Leave Enterprise Supplier Development To The Professionals

It is not a secret that most South African companies are not only dedicated to doing business with black-owned suppliers, but are also committed to the sustained success of these suppliers. In light of the new BBBEE codes of these companies are putting in place Enterprise Supplier Development (ESD) programs to help achieve and show

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