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 […]

Amended Construction Sector Code

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 priority elements and certain definitions. The Amended Construction Sector Code distinguishes, in certain instances between Built Environment Professionals (BEP) and Contractors in respect […]

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 […]

Amended Information and Communication Technology Sector Code

The ICT Sector comprises the Broadcasting, Electronics, Information Technology and Telecommunications sub-sectors together with participants from the social partners, namely Government, Labour, Community, and ICASA. The charter in Gazette 40407 dated 07 November 2016 may be found here (pdf document). The Code utilises the Generic Codes as a base for its charter as far possible […]

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 […]

Improving your B-BBEE Score

Improving your B-BBEE Score is essential to opening further avenues of business opportunities in South Africa. B-BBEE is not a once-off exercise and all businesses, should develop effective strategies and plans to effectively promote and implement B-BBEE in all facets of their operations which may also result in an improved B-BBEE rating. If the essence […]