Companies in the Information, Communications and Technology (ICT) sector have steep Broad Based Black Economic Empowerment (B-BBEE) requirements and tight deadlines to meet if they want to keep their license to operate from the Independent Communications Authority of South Africa (ICASA). In March this year, ICASA gazetted new regulations obliging companies requiring a license to
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June 18, 2021
ICT Sector: Don’t rely on the grace time to comply with ICASA’s new ownership requirements
- By : Gestalt Growth Strategies
- Gestalt BEE Publications, Latest Blog, Our Blog, Thought Leadership
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June 9, 2021
A shift in mindset is needed about B-BBEE – it’s not a tax
Very few businesses are forced by legislation to participate in Based Black Economic Empowerment (B-BBEE). It is a voluntary process and for most small business owners, the decision about whether or not to do it is primarily a financial one. The reality is however, that if you choose not to be BEE compliant, some clients
- By : Gestalt Growth Strategies
- Thought Leadership
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February 2, 2021
Why abandoning B-BBEE in the middle of COVID is a bad idea
A Broad Based Black Economic Empowerment (B-BBEE) rating is much like having a key to the city. Implementing, monitoring and maintaining a decent B-BBEE scorecard helps to unlock doors to business, making it as important as finances, profits and the bottom line. With the scorecard based on the financial period, which culminates at the end
- By : Gestalt Growth Strategies
- Thought Leadership
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May 29, 2020
Youth unemployment could be tackled by allowing EMEs to move up the B-BEE ranks
Alarming estimates suggest that between 1-million and 4-million formal and informal sector jobs are at risk as a result of South Africa’s nationwide lockdown,1 with the country’s unemployment rate forecasted to be 35.313 % in December 2020.2 For South Africa’s youth, the outlook is expected to be even more grim. In 2019, the estimated youth
- By : Gestalt Growth Strategies
- Commentary, Latest Blog, Thought Leadership
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January 14, 2020
Why You Should Be Panicking About Your 2020 BEE Scorecard NOW
Welcome to 2020! It’s tempting to say that 2019 is gone and there’s no point in starting anything new for the current financial year. The Problem is that we are only getting out of the starting blocks for 2020. If you have a financial year end in February you could set yourself up for panic driven
- By : Gestalt Growth Strategies
- Commentary
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October 2, 2019
A Novel Approach To Unemployment Through BEE
Deon Oberholzer, noted BEE strategy and compliance expert and co-owner of Gestalt Growth Strategies poses an interesting hypothesis to South African leaders. He asks, “could we help solve South Africa’s unemployment issues by rethinking the role that EME’s (exempt micro enterprises) can play in our economy?” To understand his hypothesis, we will recap a few
- By : Gestalt Growth Strategies
- Commentary
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August 8, 2019
How to become BEE compliant
Due to the complexity and oft-changed codes and regulations, achieving BEE compliance remains at the forefront of many business’ concerns in South Africa. There are many ways in which to attain BEE compliance but very few organisations know how to do it profitably and sustainably. With that in mind, the experts from Gestalt B-BBEE Consulting
- By : Gestalt Growth Strategies
- Commentary
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June 23, 2019
Can You Achieve Sustainable Business Growth?
We’ve all seen it before. South Africa is no stranger to the economic boom and bust phenomenon, from frozen yoghurt franchises that become big fads or construction companies that grow to billions over night and disappear within months. Achieving sustainable business growth in an unsettled economy is no mean feat. Beating the business cycle to
- By : Gestalt Growth Strategies
- Commentary
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May 23, 2019
Level Up Your Business
L In these challenging economic times, no one can afford to rest on his or her laurels when it comes to business growth. You have to be relentless when it comes to your next opportunity and the potential it holds to expand your operations. If you don’t remain ahead of the game, you run the
- By : Gestalt Growth Strategies
- Commentary, Gestalt BEE Publications
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Exempted Micro Enterprises do not have to sell out to move up the BBBEE ladder.
The Coronavirus pandemic has put insurmountable pressure on small businesses, and it is going to become even more difficult for Exempted Micro Enterprises (EMEs) that do not have Broad-Based Black Economic Empowerment (BBBEE) on their agendas. President Cyril Ramaphosa has intimated repeatedly over the past three months that BBBEE is here to stay and that
- By : Gestalt Growth Strategies
- Commentary, Latest Blog, Thought Leadership
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