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 2019. Below is a list of gazettes for Acts, Amended Acts and Sector Charters and the current status. Category Code Description Gazette Date StatusDTi BEE […]
B-BBEE
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 […]
“Liquor Licences” and B-BBEE
Are you aware that B-BBEE compliance is part of the requirements when applying for a” Liquor Licence”? Below are some extracts from the Department of Trade and Industry’s website regarding application requirements. “HOW TO APPLY FOR A MANUFACTURING AND/OR DISTRIBUTION LICENCE” INSTRUCTION C: B-BBEE AND COMBATING ALCOHOL ABUSE The applicant needs to indicate their commitment […]
Draft Amended Tourism Sector Charter
In this article, we focus on the Amended Sector Code for the Tourism Sector which was gazetted on 27 September 2019 (Gazette Number 42725). In the Gazette the Tourism B-BBEE Charter Council has requested public feedback by no later than 30 November 2019. Following the issuing of the amended Generic Codes of Good Practice on […]
Socio-Economic Development
In this article we focus on the basic criteria of the Socio-Economic Development Element within the scope of the B-BBEE Act, Number 53 of 2003. Socio-economic development is the fifth element that an entity is measured on. Socio-Economic Development (SED) contributions are any monetary or non-monetary contribution implemented for individuals (natural individual or group of […]
The Tourism Sector Code within the B-BBEE Act
In this article we focus on the basic criteria of the Tourism Sector Charter within the scope of the B-BBEE Act, Number 53 of 2003. The amended sector code was gazetted on 20 November 2015. The amended charter is extensive in detail and contains criteria vastly different to that of other sector charters. The Amended […]
The Property Sector Charter – EMEs
In this article, we focus on the basic criteria of the Property Sector Charter within the scope of the B-BBEE Act, Number 53 of 2003 in relation to Exempted Micro Enterprises (“EMEs”). The original charter was gazetted on 01 June 2012 as Gazette Number 35400 and subsequently amended by Gazette 40910 on 09 June 2017. […]
Qualifying as an EME in the Amended Construction Sector Codes
On the 01st of December 2017, the amended Construction Sector Codes were published via Government Gazette No 41287. The gazette may be downloaded here For this article, we will focus on the qualifying criteria for an EME in the amended codes with reference to obtaining an enhanced status (an improved outcome) Note that other articles […]