Agricultural Sector and the Amended B-BBEE Codes

The Agricultural Sector’s Amended Code was published in Gazette Number 41306 on 08 December 2017. Below is a summary of important aspects from the Code. SCOPE OF APPLICATION The scope of the Amended Agri-BEE Sector Code includes any Enterprise which derives more than 50% of its turnover from: the primary production of agricultural products; the […]

Definitions and interpretations of the Amended B-BBEE Codes

On 31 May 2019, South Africa’s Department of Trade and Industry gazetted amendments to the Broad-Based Black Economic Empowerment Codes of Good Practice. These amendments became effective on 01 December 2019. Within these amendments were a number of new definitions and interpretations. Below is a list. Absorption Now restricted to the securing of long term […]

Preferential Procurement and ESD

In May 2019 amendments were made to the Enterprise and Supplier Development Scorecard and are now in effect. The aim of the Preferential Procurement scorecard is to encourage the usage of black owned professional services and entrepreneurs as suppliers while inherently encouraging measured entities to empower themselves on the broad-based principles of B-BBEE. The Preferential […]

Code Series 300: Skills Development

For this article, we will discuss the Amended Code Series 300, Statement 300 of the Broad -Based Black Economic Empowerment Amendment Act 2003 as amended in Government Gazette #42496 was published on 31 May 2019. These changes are effective as from 01 December 2019. A brief summary is given below. Code Series 300: Skills Development […]