The Mining Charter, B-BBEE, a revised Housing Standard and Trusts

Relevant Legislation:  The Mining Charter of 2018 (direct link is https://beeratings.com/wp-content/uploads/2018/10/Government-Gazette-Number-41934-27-September-2018-Mining-Charter-2018.pdf) Mining Charter Implementation Guidelines (direct link is :https://beeratings.com/wp-content/uploads/2019/01/Mining-Chater-Implementation-Guidelines-with-reference-to-B-BBEE-December-2018.pdf) Mineral and Petroleum Resources Development Act (28/2002): Housing and Living Conditions Standard for the Minerals Industry 2019 – Gazette #42899 dated 11 December 2019 (Marc, this has not been uploaded to the website as it does […]

Workplace Skills Plans, Annual Training Reports, Skills Development Levies, Employment Equity and B-BBEE

It’s that time of the year again; businesses will soon need to begin compiling their workplace skills plan and annual training report and submit them online. Businesses submit info for the period 01 April to 31 March via a registered skills development facilitator (SDF) and is submitted to the SETA with which the organisation is […]

Benefits of the Y.E.S Initiative

The obvious and most beneficial outcome is youth employment and a resultant lower unemployment rate in South Africa as referred to in the Code of Good Practice (Gazette Number 41866 dated 28 August 2018) as mentioned below: “The Youth Employment Service (Y.E.S) Initiative is to provide for, and institute, Broad-Based Black Economic Empowerment (B-BBEE) Recognition […]

Joint Ventures and B-BBEE

A Joint Venture (JV) is a business arrangement between two or more entities where they agree to pool their resources for the purpose of accomplishing a specific business task. A JV is its own entity, separate and apart from the participants to the agreement. The reason behind forming a JV include business expansion, development of […]

Agricultural Sector and the Amended B-BBEE Codes

The Agricultural Sector’s Amended Code was published in Gazette Number 41306 on 08 December 2017. Below is a summary of important aspects from the Code. SCOPE OF APPLICATION The scope of the Amended Agri-BEE Sector Code includes any Enterprise which derives more than 50% of its turnover from: the primary production of agricultural products; the […]

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 […]

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