This is a short post but it will be followed up by a longer one. bolshie bob published this document for comment.
A few features
- No more modified flow through for enhanced recognition as a QSE or EME. This was to be expected.
- Large enterprises (turning over more than R50m) who are more than 51% black owned using the flow through principle are now level 2 - and 100% level 1
- They have added in feature with benefits for making use of the youth employment service. Don't mind that so much
- They've split skills development up where companies can spend 2.5% of their payroll on bursaries for black people at higher education institutions.
There are a few other things but 2 and 4 take the cake. Let's start with 2. Black economic empowerment initiatives are now NO LONGER a black problem. This a white issue. Skills development etc - please, that's for the bourgeois whites. Black businesses don't need to worry about any of that stuff. Why have they done this - simple the anc (back to lowercase) government need to get the eff off their backs by demonstrating that they too can be racists but perhaps in a more institutional fashion. I ask the question - how is this country ever going to get over itself if it doesn't learn this everyone is responsible for it.
And 4 - how much more blatant could you be? They have no idea how to pay for university fees so they award BEE points for it. Oh don't forget that black large businesses don't have to worry about this. No! the education of the black youth who come out of a school system that has largely failed them, is not a black issue. I probably wouldn't take such exception if it wasn't for the fact that the target is 2.5% of payroll - for Standard Bank with would be about R400m.
We have sixty days to comment. We need to stick together here - this is inequitable. We've been run roughshod in the past because we didn't stick together. If Cyril (clinging onto uppercase) wants to get us out of the hole that zuma put us into - he'd better come up with a better plan, this is not going to solve it
Send your comments here. And don't not comment - corporate apathy has got us into this hole and there's not much ground left to dig a deeper hole
E-mail: [email protected]
Or
Attention: Jacques Manus
The dti Campus
77 Meintjies street
Sunnyside, Pretoria
0002
c/o BEE Unit
Private Bag X 84
Pretoria
0002
Enquiries: 012 394 5469
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