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 […]

The gazetted Y.E.S Initiative and Practice Note 1 of 2018

In two previous articles dated 12 July 2018 and 10 September 2018 the benefits of implementing the proposed Y.E.S Initiative were discussed. The Initiative has since been gazetted by the Minister of Trade and Industry within Code Series 000, Statement 000 of the Amended Codes of Good Practice in terms of Section 9 (1) of […]

The Mining Charter and B-BBEE

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. The most important elements and focus points: I. Ownership II. Mine community development III. Employment equity IV. Procurement (including supplier and enterprise development) […]

Sector Charters gazetted within the B-BBEE Act

Under Section 9(1) of the B-BBEE Act several charters have been gazetted for industry sectors. The DTI’s website (www.thedti.gov.za) has extensive information related to the B-BBEE Act as well as Sector Charter information. Below is a summary of the Sectors gazetted as at September 2018. Sector Codes Initial effective date Gazette number Agri-BEE Charter 28 […]

Overview of the gazetted Y.E.S Initiative

In a previous flyer dated 12 July 2018 the benefits of implementing the proposed Y.E.S Initiative were discussed. The Initiative has since been gazetted by the Minister of Trade and Industry within Code Series 000, Statement 000 of the Amended Codes of Good Practice in terms of Section 9 (1) of the Broad-Based Black Economic […]

Socio-Economic Development, the NPAT calculation and industry norms

In a previous article in July 2018 the benefits of implementing Socio-Economic Development were discussed. The financial aspects within SED are often misunderstood as the compliance criteria and resultant calculations could be confusing. The most critical aspect of this B-BBEE Element is that SED initiatives should result insustainable economic participation by its intended beneficiaries and […]