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AGRIBEE INDABA 6/7 December 2005 On behalf of: S A Agricultural Processors Association & S A Chamber of Business & Multinationals. By:Jannie de Villiers Executive Director. Introduction. Comments – 20 December 2004 Consulted amongst members Represented at Steering Committee - PowerPoint PPT Presentation
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AGRIBEE INDABA6/7 December 2005
On behalf of:
S A Agricultural Processors Association
& S A Chamber of Business
& MultinationalsBy: Jannie de Villiers
Executive Director
Introduction
• Comments – 20 December 2004• Consulted amongst members• Represented at Steering Committee• Presentation at Steering Committee
on 1 December 2005
Codes of Good Practice
• Outstanding codes create a problem
Ownership of Shares
• Shares of listed companies not in our control
• Shares owned by pension funds and trusts
• Shares transferred to staff – loans and voting
Procurement
• Link to land targets• Some processors 70% of cost is raw
materials• Profile of emerging farmers (Preference
towards animals)• Land claims and low profitability hinders
transformation
Procurement (cont)
• Farmer sells 30%, not complying in next year
• Droughts/Net importers• Structural change to traders
Monitoring
• Capacity to be ready• Representation on Council• Annual audits: Costly• Penalties for non-compliance• Directives (like SARS)• Scorecard for Government deliverables
Funds
• Financing cost in competition with other sectors
• CSI/Enterprise development the 5% of EBIT needs clarification
Cost of doing business in SA
• Procurement• Monitor/Audit• Admin burden
Impact of BEE on SMME’s
• Regional constraints• Admin burden• Audit requirements• One person owners
Multinational companies
• Forum formed• Own submission• Ownership problems• Level playing field
CONCLUSION
• Support for process• Clarity before we start: K I S• Way forward: Outline the process post
Indaba