Minister Rob Davies tells Engineering News that the DTI is elevating the concept of a balanced scorecard from the Codes of Good Conduct to the current Act.
The DTI states that enterprise development (ED) is one of the significant elements that can contribute towards the broader aims of government to support the growth of small enterprises and job creation. In the light of a new drive towards creating effective black-owned and black-female-owned and -controlled enterprises, the department has elevated ED to also focus on key sectors of the economy.
“With regard to the points system, we have ensured that entities cannot score a certain level without doing some work on ED. Preferential procurement has also been elevated in terms of the points system, with [greater] emphasis being placed on black-owned and female-owned enterprises,” he says.
The Employee Share Option Plan (Esop) will also become part of the scorecard. “When correctly applied, Esops have the potential to drive wealth and capacitate employees, as seen with iron-ore giant Kumba’s model,” he explains
Rob hints at what is to come and it's scary, but the real fright will come when the codes that were presented to a bunch of DTI patsies last year (and some not-so patsy people) are published. This presentation was a strange thing because it was very closed - I'm aware of two verification agencies that asked to attend and were informed that they weren't welcome. It does appear that the people who were welcome were those who were going to shower both Vuyo Jack and Polo Radebe with praise for their most amazing work.
Judging from the above quote from Rob we know that business people now have to get actively involved in the ED project otherwise no points. That's ED (and the horse's mouth) but wait 'til you hear the second hand information. Contributions now must be recoverable and non-recoverable.
It would appear that the number of points for skills development is increasing but so is the target. Some say that it is going up to 6% of payroll. Then you have to report on the training in terms of the economically active population and points are awarded in that fashion. I would imagine that employment equity is going to be similar.
They are going to do something with QSEs and insist that they adhere to all 7 elements.
However this is second hand information - but it wouldn't surprise me if this is the case. I think Rob is waiting for the BEE Bill to go a little further down the line and then he's going to throw this at us.
We shiver in antici....................................................................................pation
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