We all have a lot to say about COVID 19 and the current state of “lockdown”.
Some of it is personal, some of it a conspiracy, portions opinions, lots of statistics and various different voices that have never before been heard. Social media is a spread of memes, jokes, heartache, news, and people publishing how the situation affects their current reality.
In a company that specializes in niche offerings of skills development, mostly in rural and township areas, operations as we knew it was suddenly grounded. Through innovative thinking and fast reaction, we were able to salvage portions of this, which places us in a good position going forward.
B-BBEE has, for years, been a thorn in many a South African’s sides. The intention of B-BBEE is sound, but the cumbersome regulations and application thereof negate most of the gains it is supposed to create.
The economic landscape will change considerably, we should adjust to it early.
Personally, I have a few thoughts regarding the current state of the economy and the application of B-BBEE to this:
4. Skills spend would be increasingly un-affordable
My 10 cents regarding possible solutions:
3. Simplify regulations, to ensure faster verification and thus improving the chances of the private sector getting back into the market.
Businesses can only play the cards it has been dealt with. Its time to adjust, lest we fold.