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 […]

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 […]

B-BBEE explained – The Y.E.S Initiative—Criteria and Costs

In a previous article, the benefits of implementing the gazetted Y.E.S Initiative were discussed. The objective of the Youth Employment Service (Y.E.S) Initiative is to provide for, and institute, Broad-Based Black Economic Empowerment (B-BBEE) Recognition for Y.E.S Measured Entities and qualification criteria applicable to, the B-BBEE Recognition for Job Creation. In this article we will […]

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 […]

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