Strange how the news hasn't generated that much interest in the press. The codes were gazetted beneath the hype of Mbeki's state of the nation address, perhaps that's the reason. There is a small article on page 3 of today's Business Times which highlights the necessity to align the codes with the Preferential Procurement Policy Framework Act. This needs to happen soon. (By the way, I am presenting a two-day course on 21st and 22nd of Feb in JHB on the PPFA and how the government should go about managing its procurement - if you are interested contact Lisa Helm of the Business Zone).
Back to business.
Charters
Two charters have also been gazetted under section 12 of the BBBEE Act, which means that signatories will still have to produce a dti COGP scorecard when doing business with the government. Effectively this means that they may rate themselves on two different scorecards. One for the private sector and the other for the government.
It is strange that the Financial Sector Charter (FSC) was gazetted in its original format. It still contains narrow-based definitions and a few other strangenesses (like the definitions of managers). Be that as it may, the FSC is infinitely better that the Construction Sector Charter which was gazetted as well. The latter lacks descriptions and a guideline as to how to go about implementing it. I've posted an analysis of the many scorecards contained within it here.
QSEs
There was a fair bit of speculation as to whether the threshold for QSEs would be dropped to R25million. The embargoed codes that we have show the threshold to be R25million, they were a little old.
That's it for now. We'll post things on this blog and on the Caird website as they become significant.
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