Industry released a practice note clarification on 24 February 2020 explaining a few matters of the Youth Employment Service Initiative. Relevant Legislation: Amended Broad-Based Black Economic Empowerment (B-BBEE) Codes of Read more
This article gives a basic overview of Management Control, the maximum points achievable and some means by which to maximise your points for this element. Business transformation is in the Read more
Within Socio-Economic Development is a critical requirement that SED initiatives should result in sustainable economic participation by its intended beneficiaries and discourage dependence on hand-outs. The full value of the Read more
It’s that time of the year again; businesses will soon need to begin compiling their workplace skills plan and annual training report and submit them online. Businesses submit info for Read more
The obvious and most beneficial outcome is youth employment and a resultant lower unemployment rate in South Africa as referred to in the Code of Good Practice (Gazette Number 41866 Read more
A Joint Venture (JV) is a business arrangement between two or more entities where they agree to pool their resources for the purpose of accomplishing a specific business task. A Read more
Sector Charters for B-BBEE purposes can often be confusing as several charters exist and some are currently being revised for realignment with the recent code amendments implemented on 01 December Read more
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 Read more
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 Read more
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 Read more
