Amended B-BBEE Code of Good Practice – May 2019 update

Government Gazette #42496 was published on 31 May 2019. This gazette lists a number of changes made to the B-BBEE Code of Good Practice. Many changes are not in force from 31st May but become effective from 01 December 2019 and Measured Entities can choose to use them now. Changes to definitions, procurement recognition rules […]

Understanding the modified flow-through principle – Ownership

What is it? Under the Ownership element of the BEE Scorecard, the flow-through principle traces ownership measurement through the chain of ownership to a natural black person (and not a Black owned company). The modified flow-through principle allows for the participation of non-Black participants at one tier of ownership. The matter at hand? To curb […]