|The Tourism Charter|
|Friday, 12 June 2009 14:37|
The tourism charter has been gazetted and now applies to all members of that industry.
Hospitality and Related Services
In line with the BEE Codes of Good Practice, the tourism charter defines EMEs, QSEs and generics. The difference is an EME is an enterprise with a turnover of less than R2.5 million per annun, and a QSE is one with an annual turnover of between R2.5 million and R35 million.
The weightings for the charter has changed slightly.
Ownership in particular has been vastly relaxed. Not only has the weighting been dropped but the ownereship target has also dropped. The codes have set a target of 25% plus one vote for ownership, but the tourism charter has dropped those targets to 21% plus one vote.
More importance is attached to skills development which is now worth 20 points, but with the same targets as the codes.
The decrease in importance of procurement is regretable. Procurement is the driver behind encourging BEE compliance. There is now slightly less incenttive for tourism companies to ask for scorecards since they earn less points.
It is strange that enterprise development (ED) is dropping over the next 8 years while socio economic development (SED) is increasing. One would expect that more money needs to be ploughed into SED now which will eventually result in more ED. The current structure implies that we will need to spend more on charitable contributions in the future than we do now.
|Last Updated ( Friday, 12 June 2009 15:14 )|