Chartered Accountancy Sector Code: open for public comment

The Chartered Accountancy (CA) profession formulated their own Charter in 2004. After numerous revisions and consultation sessions, Government has gazetted the CA Charter on 26 April 2019 and the public has 60 days to comment on it. The revised charter may be found in Gazette 42417 here (pdf document). The CA Charter utilises the Generic […]

The Property Sector Charter within the B-BBEE Act

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. The original charter was gazetted on 01 June 2012 as Gazette Number 35400 and subsequently amended by Gazette 40910 on 09 June 2017. The amended charter is extensive in detail […]

Workplace Skills Plan and Annual Training Report

Employers may claim 20% of their total levy contribution annually, called the Mandatory Grant, through submission of a Workplace Skills Plan (WSP) and Annual Training Report (ATR) due by 30 April 2019 each year. Only levy paying organisations may access mandatory grant funding. Benefits of submitting your reports in time: 1. Recover up to 20% […]

The state of B-BBEE in 2019 and related legislation updates for 2018

2018 has been a year of many changes within several industries and Broad-Based Black Economic Empowerment has been at the forefront once again. Below is a list of the most significant publications for the year. March 2018 and September 2018 – Youth Employment Service (Y.E.S. Initiative) to promote employment opportunities for the youth (18 to […]

B-BBEE explained – The Mining Charter – part 4

The finalised Mining Charter was released for implementation on 27 September 2018. The Department of Mineral Resources (DMR) released a summary document highlighting the most significant changes and/or additions to the Charter. Previous articles dated 08 October, 02 November and 03 December 2018 dealt with the Ownership and Mine Community Development, Employment Equity, Inclusive Procurement […]

B-BBEE explained – The Mining Charter – part 3

The finalised Mining Charter was released for implementation on 27 September 2018. The Department of Mineral Resources (DMR) released a summary document highlighting the most significant changes and/or additions to the Charter. Previous articles dated 08 October and 02 November 2018 dealt with the ownership and Mine Community Development elements (2 of 7 elements in […]

The Defence Sector – Code of Good Practice Gazetted

The Department of Trade and Industry (DTI) gazetted a Code of Good Practice (COGP) for the Defence Sector on 09 November 2018. The DTI’s COGP provides extensive detail of the requirements in Gazette Number 42021. The priority elements with a 40% sub-minimum requirement are: I. Ownership II. Skills Development III. Enterprise and Supplier Development Non-compliance […]

B-BBEE explained – The Mining Charter – part 2

The finalised Mining Charter was released for implementation on 27 September 2018. The Department of Mineral Resources (DMR) released a summary document highlighting the most significant changes and/or additions to the Charter. A previous article dated 08 October 2018 dealt with the ownership element (1 of 7 elements in the Charter). For this article, we […]