Sipho has been in the press recently. Our Seep is the spokesman for the DTI who was quoted by IOL
DTI spokesman Sipho Zikode explained today on 567MW Cape Talk that that proposal was for a pro-rata sliding scale - with 100 per cent funding for organisations with 100 per cent black beneficiaries, and less thereafter.
Let's help Seep here. When you are looking through the proposed codes you'll see this line
[ ] Words in bold type in square brackets indicate deletions from existing enactments
Now off we go to paragraph 3.2.2 (I have emboldened the bold part
3.2.2 The full value of Socio-Economic Development Contributions made to beneficiaries is recognisable if at least [75%] 100% of the value directly benefits black people.
Thus far Seep is correct. However his contention on the airwaves that it is pro-rated is refuted by paragraph 3.2.3
[If less than 75% of the full value of Socio-Economic Development Contributions directly benefits black people, the value of the contribution made multiplied by the percentage that benefits black people, is recognisable].
I don't agree with Dylan Edwards, who wrote in The Greater Good that
it seems that this an oversight, rather than an attempt to divert funding away from charities, or to manipulate charities into turning away white beneficiaries.
This is clearly someone who has no fucking idea about what he's talking about. And he's the deputy DG as well.
Trust me; there is no fundamental understanding of the economy and as such even less of an understanding of the codes and other transformation charters within the DTI.
Seep was also talking about late payments etc. at some function this week. And I quote
Though the charter was gazetted in 2009, black-owned businesses and professionals in the sector continued to face many problems, he said. These included lack of access to finance and big private sector and government contracts.
Other challenges included fronting, and late payments from big companies and the government. Late payment had caused the demise of many small companies.
And not forgetting the Manyi approved (and perfected) race card
Further, professional industry bodies were mainly run by whites.
The late payment argument is an interesting one. Here we have the mouthpiece for the DTI lamenting about late payment when his boss, the venerable Rob Davies doesn't pay much credence to prompt payment. Id est (taken from the new ED benefit factor matrix)
Percentage being 15 days less the number of days from invoice to payment. Maximum points that can be scored is 15% of 15 points under Enterprise and Supplier Development
Oh the irony.
Whilst I am debating prompt payment. Thinus alerted me to this thing on prompt payment which Rob published on the 2nd of November about prompt payment, you've only got 30 days to comment on this. I suppose that Rob had to publish this now even though he's published a document that will contribute to the genocide of millions of destitute South Africans and cause the ultimate demise of the only hope for any form of equitable representation in our economy.
In general there doesn't seem to be much of a problem with the document other than limiting prompt payment to EME's. Why is this? And no, I'm not going to ask who the fuck Rob thinks he is even though I know the answer is Stalin.
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