| Letter from our MD |
| Welcome to our first newsletter for 2011 and we trust like us, you are well into the New Year. Things have been busy at Empowerdex and it feels like we should be in June already. Nevertheless as Virgil said, “all our sweetest hours fly fastest”. |
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In this issue we refer to two recent mailers sent by us, notifying you of the ABVA Best Practice Notes that we at Empowerdex will be adhering to, as well as proposed amendments to the codes for ED and SED. As a valued added service we introduce you to Empowerdex’s Economic Reference Service that will be emailed to you on a weekly basis, providing analysis and insight into the South African economy. In an effort to provide you our client with our ongoing support, we will be highlighting various elements of the codes starting in this edition and newsletters to come.
Our normal regulars apply and include Empowerdex in the News and featured NGO: Ikhaya Labantu
Until next time, stay informed.
ank you!
Lerato Ratsoma
Managing Director
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| Empowerdex in the News |
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Black captains of industry
Read more
Municipalities - billing woes
Read more
Red Cherry Media produces a M-Net Cares show for Sanlam
Read more
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| ABVA Best Practice Notes |
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As per our recent email to all our Empowerdex clients, and to those that missed |
the mailer, the following was notified: Empowerdex is one of the founding members of the Association of BEE Verification Agencies (ABVA). As such, we follow, and apply, ABVA Best Practice Notes when they are released. Empowerdex would like to advise that ABVA recently released their latest Best Practice Notes and that as an organization, we started applying them as of March 2011. Please follow the link to these latest Best Practice Notes, for your information. |
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| Questions & Answers |
| In a quest to provide any extra bit of assistance that we can, we will be featuring 'Questions and Answers' that you our clients have put to us, in newsletters to come. So watch this space. |
| 1. Question: A ME is a black shareholder, but this black shareholder has just finalised the sale of his shares. Read further here... |
| 2. Question: Company ABC is currently running a programme, and in their view this program qualifies as ‘Learnerships’ under ‘Skills Development’. Read further here... |
| 3. Question: Company DEF wants to know: Learnership individuals who are employed through a Labour Broker, but the measured enterprise pays their salaries to the Labour Broker, who then provides or pays these salaries to the learners - whether the learners could form part of head count under Skills Development, though the learners are not permanently employed by the micro enterprise. Read further here... |
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| Economic Reference Service |
| Empowerdex have recently launched the Empowerdex Economic Reference Service (ERS) and will be mailing all our clients on a weekly basis. This service provides analysis and insight into the South African economy and commentary to approximately 15 monthly and quarterly economic releases from StatsSA, the Reserve Bank, National Treasury, and others - in a language that is easy to understand. To get a taste of things to come and to read our first mailer, click here to read more. |
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| Proposed Amendments to the codes: SED and ED |
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Another recent mailer Empowerdex sent to our clients was a notification that The Department of Trade and Industry released Government |
Gazette no 34019 on 18 February 2011 with the intention of making changes to the Enterprise Development and Socio Economic Development Elements of the BBBEE scorecard. Qualifying contributions that an entity has made will no longer be recognizable cumulatively but will only be recognizable on an annual basis. As we requested, we have received your feedback and comments on this matter and will be submitting this to the DTI on your behalf within the commentary period, which ends 18th April 2011.
Read the original mailer and link to the proposed amendments here.
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Featured NGO – Ikhaya Labantu
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Ikhaya Labantu seeks to restore dignity and unlock opportunity through the provision of education, training and shelter. Our aim is to give the adults and children who receive our services the tools to |
create a better future for themselves, empowering them to live a life of dignity, purpose and hope. Ikhaya Labantu Homeless Shelter and Eyabantu Crèche (Ikhaya Labantu) was established by Nobuntu Nkanyuza in 1986. Concerned by the number of children left to their own devices while their parents worked during the day, Nobuntu decided to open a crèche in her home. In 1987, Nobuntu moved the crèche to its current site in the Clifford Harris Building in the centre of Langa.
The huge need within the community became apparent when Nobuntu found homeless people hiding on the site overnight. Soon after she opened a soup kitchen for the destitute followed by a homeless shelter.
Read more
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