Current Edition >> Archive Section >> Special Features >> 23 February 2007
The Dept. of Trade & Industry has just officially promulgated the Broad-Based Black Economic Empowerment (BBBEE) Codes stipulating basically that by the end of January 2008 all companies with a turnover of R5 million or more per annum will be subject to measurement under the Codes. The final codes were gazetted on 9 February in Government Gazette No 29617.
There are three categories of scorecard statuses defined by the turnover of a particular business, viz the Generic Scorecard (GS) for businesses with a turnover of R35 million and more per annum, measured against all seven elements, in other words the weighting must add up to 100%; Qualifying Small Enterprises (QSE), for businesses with turnover between R5 million and R35 million, measured against any four of the seven elements, each weighting 25%; and Exemption Micro Enterprises (EME) for businesses with turnover less than R5 million, being exempted.
The seven BBBEE Codes are:
• Code 100 – ownership: Provides specific incentives to ensure participation of black women, designated groups, and new entrants to ensure that real economic interest in the hands of black people is measured and recognised. Weighting points: 20%.
• Code 200 & 300 – management control and employment equity: Places emphasis on black representation at senior executive level and encourages a proper representation on company boards in executive and non-executive capacity. Compliance targets for management have been split as follows: 40% top management and 50% board representation. Weighting points for management remains 10% and weighting for employment equity is 15%.
• Code 400 – skills development: Provides that a target 3% of payroll be spent towards skills development of black employees. Weighting points have been decreased from 20% to 15%.
• Code 500 – preferential procurement: Measures the extent to which enterprises procure from BEE compliant companies. Encourages spending on small and micro enterprises and black-owned companies. Weighting is 20%.
• Code 600 – enterprise development: Enterprises are encouraged to make either monetary or non-monetary contributions. A target of 3% of Net Profit After Tax (NPAT) has been set or alternatively a target of 0.375% of Total Revenue. The weighting points have been increased from 10% to 15%.
• Code 700 – socio-economic development: The key principle is for these initiatives to result in the beneficiaries having sustainable access to the economy. A target of 1% of Net Profit After Tax has been set or alternatively 0.125% of total turnover. Weighting for this element is 5%.
See Editorial Comment.
Die Mangaung Varsproduktemark, wat oorspronlik in 19… gestig is, het in Junie verlede jaar in beginsel besluit om deur middel van 'n nuwe strategie 'n nuwe korporatiewe beeld en geherstruktureerde dienste vir die mark daar te stel, ten einde tred te hou met nuwe ontwikkelings- en verbruikersbehoeftes. Die besluit is gesamentlik geneem deur die bestuur van die Mangaung Varsproduktemark (MVM) en die vyf markagentskappe geakkrediteer by MVM, nl. Vrystaat Markagentskap, RSA Market Agents, Subtropico, Bloemfontein Algemene Markagentskappe en Modise Market Agency.
Implementering van die besluit is voorafgegaan deur 'n onafhanklike meningsopname gedoen deur John Sevenoaks, welke opname bepaalde behoeftes en vereistes uitgewys het. Aan die hand van hierdie bevindinge is besluit om die volgende te implementeer:
Sekuriteit by die MVM is opgeknap teen 'n koste van meer as R1 miljoen by wyse van veiligheidsomheinings, wagte, 'n kringtelevisienetwerk en toegangsbeheer.
‘n Reuse lugreëling- en verkoelingstelsel word vanaf volgende maand geďmplementeer oor 'n tydperk van drie jaar teen 'n totale koste van R4,5 miljoen. Hierdie stelsel sal nie net leeftoestande vir personeel en die publiek verbeter nie, maar ook verseker dat die koue ketting (“cold chain”) vanaf plaasprodusent tot verbruiker nie verbreek word nie. Dus sal sodoende ook die raklewe van groente en vrugte aansienlik verleng word.
Die bestuur en markagente vat hande om die bemarking van groente en vrugte deur die MVM oor die volgende vyf jaar op te gradeer na top internasionale standaard.
Die MVM word doelgerig meer toeganklik vir die verbruiker, in besonder die huisvrou, gemaak. Dit word makliker gemaak om die mark te besoek en sodoende self direk beste pryse te beding. Die marktye is Maandae tot Vrydae vanaf 05:30 tot 09:30 en Saterdagoggende vanaf 05:30 tot 08:30.
Wat spesifiek prys by die MVM bepaal, is nie die markagente nie, maar eenvoudig vraag en aanbod en hierin kan die verbruiker direk kom deel.
Die bestuur en markagente van MVM nooi voortaan alle verbruikers, in besonder huisvrouens, uit om direk by die mark te kom koop ten einde groente en vrugte teen die beste pryse en met die langste rakleeftyd te bekom.
MVM skep ook deur sy fasiliteite en dienste die beste moontlike geleentheid vir handelaars en kontantkopers om groente en vrugte volgens goeie kwaliteit en pryse te verhandel. MVM streef daarna om die informele, kleinsake- en kleinhandelsektor so goed as moontlik te bevorder.
Vir meer inligting, kan die bestuur van die MVM of die markagentskappe soos in hierdie oorsig aangebied, geskakel word.
New phase
Spurred by a joint effort between the management of the Mangaung Fresh Produce Market (MFPM) and its five accredited marketing agencies, the MFPM is clearly now entering a new phase in its history and operations.
The first objective is upgrading the market to be of top international standard in terms of accessibility, security, aircon and refrigerating facilities and operational efficiency.
The second objective is to enlarge direct accessibility for the consumer, in particular the housewife. In this respect every month an exciting lucky draw to the value of R500 is to be won by a shopper at the market.
Thirdly, the MFPM aims even better than before to promote the informal, small business and retail sectors, thus serving also as a generator of local economic development.
A cornerstone of the MFPM set-up is the vast experience and the high measure of integrity of which it disposes in terms of, on the one hand, the management being provided by the Mangaung Local Municipality under the leadership of Mr. Ronnie Moleme and, on the other hand, the professional and tested services of the five accredited market agencies. This certainly provides a reliable basis for the new phase the MFPM is now entering.
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