BEE Partner, South Africa Economy Watch

Depending on the size of a business, the management control provision presents an interesting challenge in the QSE environment. Many QSEs have a single owner who retains sole management control over the entity. The size of the business does not warrant a second top manager. In practical terms, the business also does not have the cash flow to employ a Black person of the calibre comparable to corporate business. Read the rest of this entry »

Developing Black intellectual capacity

Developing Black intellectual capacity may appear to be irrelevant to QSE business. It is not as if most professional services firms such as accountants, attorneys, engineers and doctors fall into the QSE category. These professional services are at the heart of developing the country’s intellectual capacity. This section is critical to these professions.

There is little confidence in Black people by both Black and white people. It is that simple. The previous education system did not provide Black people with an equivalent education to white people. When a Black person enters the market an assumption is made that he or she does not have the same “mental prowess” as a white person. The result is an inherent lack of confidence in Black people.

Who have the least confidence in Black people? Strangely enough, Black people do. One seldom hears of Black people consulting Black attorneys on mergers and acquisitions. They go to white attorneys because they do not have confidence in their Black counterparts. Read the rest of this entry »

Job hopping by Black people

Job hopping by Black people is increasingly being seen as a problem. Businesses train Black people into positions only to find that they leave the position for a new company. Understanding the reason for job hopping becomes a staff retention strategy to prevent this practice.

The primary reason driving job hopping is culture. Some company cultures do not accept Black people’s cultures and backgrounds, resulting in their being forced to assimilate Western business culture to gain access to the mainstream economy. This can be uncomfortable for a Black person. Read the rest of this entry »

Bonus points

Two bonus points are available in employment equity. The bonus points are based on what the Codes term EAR EAP stands for “economically active population“. The Codes do not provide a clear explanation on how the bonus points are to be calculated. What follows is my interpretation on how to calculate bonus points. The two points are allocated to each indicator based on the indicator’s percentage of total points available. If the management indicator meets its EAP target, the bonus points would be 2s x 2 points. If the employee indicator reaches its EAP target, then the bonus points would be ¹₂-⁽₅². x 2 points. Read the rest of this entry »