Understanding the Y.E.S Initiative

What is it? It is a Youth Employment Service (Y.E.S.) initiative proposed by the Department of Trade and Industry in March 2018 as an amendment to the B-BBEE Codes of Good Practice. The matter at hand? Unemployment. Statistics vary from 25 to 37% depending on the source of the information and for the youth age […]

Socio-Economic Development and the NPAT calculation

The objective of this element is to measure initiatives that contribute toward SED or to Sector Specific Programmes that promote access to the economy whereby contributions are any monetary or non-monetary contribution implemented for  individuals (natural individual or group of natural individuals) or communities, where at least 75% of the beneficiaries are classified as black […]

Understanding the modified flow-through principle – Ownership

What is it? Under the Ownership element of the BEE Scorecard, the flow-through principle traces ownership measurement through the chain of ownership to a natural black person (and not a Black owned company). The modified flow-through principle allows for the participation of non-Black participants at one tier of ownership. The matter at hand? To curb […]

Code 400 series of the Codes of Good Practice – Enterprise and Supplier Development

What is it? A draft gazette, Number 41709 dated 29 May 2018, published on 15 June 2018 for 60-day public commentary with regard to Code series 400 of the B-BBEE Act—Enterprise and Supplier Development. The matter at hand? 1. New definitions proposed. 2. Revised Enterprise & Supplier Development Code 400 wording. Detail? Significant proposed changes […]

Skills Development and Learnerships

Unemployment in South Africa remains the biggest challenge to society with an average unemployment rate of 27% currently. Business and Government need to relieve this situation by creating jobs and implementing skills development and training solutions as thoroughly as possible. The Broad-Based Black Economic Empowerment (B-BBEE) legislation amendments place more emphasis on skills development and […]

Further proposed amendments to the B-BBEE Act

In an ever-changing world, one thing is for certain: get used to adapting to change. On 29 March 2018, the Minister of Trade and Industry published draft amendments to the Broad Based Black Economic Empowerment Codes (“Codes”) for public comment in Gazette Number 41546. The proposed amendments are in line with the Government’s policy to […]

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 each year. Only levy paying organisations may access mandatory grant funding. Benefits of submitting your reports in time: • Recover up to 20% mandatory […]

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