I am tempted to argue the retail sector is one of the most untransformed sectors in SA, perhaps due to the fact that it does not need government business to survive
They don't need government or corporate business to survive. The argument behind the inflated loan for Luminance is that black people spend a lot of money on expensive dresses so why not buy from an expensive black-owned dress shop.
I don't see how you could ever legislate the "transformation" of the retail sector - but I wouldn't put it past that iDioTIc department to try
The response to my initial request for funds to take these codes on review was a little slow, but about two weeks ago a concerned body approached me and told me that they had raised R400k. We can now get started but we need a lot more money to ensure that we are able to make it to the Constitutional court. And it needs to go to the Constitutional court. Evidence the opening paragraph of an analysis that my attorney drafted.
Writer is of the view that it has now become the responsibility of entrepreneurs and business owners to take the Minister and the DTI to task on their total disregard to due administrative process and non-compliance with the provisions of the Constitution, so as to afford corporate South Africa the opportunity to ensure the establishment of a broad-based black economic empowerment plan that will be meaningful and sustainable and that will afford business owners the opportunity to be measured against a consistent set of rules that are unambiguous and more realistic.
I've posted his complete opinion on the blog before, here is a link to the final document on the attorney's website.
History has shown that this government, like its predecessor, is not reasonable. We have a Constitutional yardstick that is routinely ignored, it's therefore up to us to do something about it before it's too late. Arbitrary law making has serious consequences. A consequence that I hadn't considered properly is the demise of verification agencies themselves. I got this email from a prominent agency, who responded to an email I sent out last night requesting funds
(I'm) fully in support, however not really in a financial position to assist with 60% of our client base being wiped out by the new codes. Will send through to potential interested parties.
I then wrote
The VAs in the outlying areas are going to suffer. If you consider that you have a significant number of Indian owned businesses as clients they may no longer need you. However, Indian owned businesses that turn over more than R50m do need to be concerned because the codes do not allow them to employ their family/community members.
The VA responded
All African, Indian and White owned businesses will fall away as most white owned businesses on the QSE scorecard will probably end up non-compliant, so why bother with a rating and that is all EMEs and QSE's gone.
In effect, our livelihoods are on the line here. And the revised codes are the cause of it. You can't expect Rob to understand this because he's demonstrated very little understanding of anything that he is responsible for. Peter Bruce's BDLive column from this morning provides us with a few more clues as to his ignorance.
THE NEW steel plant I have just referred to is a last gasp for the developmentalists in government. Alec Hogg ran a great interview with Trade & Industry Minister Rob Davies the other day in which he asked him whether he was worried about what appeared to be a new round of companies leaving SA. He wasn't worried. There were lots of companies ready to move in in their place. Phew what a relief.
It's heartening to know that he's not only useless at empowerment related issues, he's clueless across the board.
The overview of the Equitable Transformation Alliance is attached again, please forward it onto anyone you now who would be willing to contribute. We first thought that we'd find a few large donors, this is probably not going to happen so any amount will help.
Very true, it's because you won't allow him to be tried. We want him in court, and if a court finds that he is as pure as the driven snow then we were wrong.
On the face of it, Zuma is a scumbag and the ANC are idiots for allowing him to continue fucking the country up.
The (Captain Renate) Barnard case was not about whether race-based affirmative action measures are permissible in South Africa. (It has long been settled by our courts that they are – not surprisingly, as section 9(2) of the Bill of Rights explicitly says so.) Neither was the case about the constitutionality or the legal validity of the employment equity plan devised by the police. (The validity of the plan was never challenged.) Neither was the constitutionality of the Employment Equity Act in issue. (Solidarity wisely decided not to challenge the provisions of the Act.)
The narrow question in the Barnard case was whether the National Commissioner of Police acted lawfully when he twice declined to appoint Renate Barnard as superintendent in order to ensure the effective pursuit of the numerical goals for racial representativity set out in the SAPS affirmative action policy. (The question of why other suitably qualified black candidates who also applied were not appointed was not raised or considered by the Court.)
This is probably the best summary of the judgment that you will read. The good professor often gets a little too moral for my liking but his opinion is always solid. You'd do well to read the whole post
If you are looking for a realistic perspective of empowerment in South Africa and southern Africa (including Namibia, Zambia, Zimbabwe and Botswana), I am able to provide that perspective at your AGM or any other presentation. It's relatively clear from this blog that I know what I'm talking about. Over the last 20 years I've gained a very thorough understanding of the following topics
Government procurement
Parastatal procurement
BEE trends within Africa
Impact of BEE legislation
Multinationals and empowerment within Africa
And I am very happy to provide you with an overview of these topics.
In addition I have consulted to a wide number of public and private organisations throughout South Africa on
Public Private Partnerships
Listed shareholding analysis
Tax advice on BEE initiatives and tax structures (through a partner)
Opinions on empowerment commitments that may be contractually binding
Or if you need someone to come in and find those points within your organisation for your next verification please contact me and we can discuss what is required. You can email me or phone me on (+2783) 227-1375.