B-BBEE FRONTING
2024 update Back in August 2020, an article was published on beeratings.com discussing BEE Fronting, current practices, and legal outcomes from court cases. This article refreshes the aspects of BEE fronting, coupled with recent statistics from the BEE Commission for 2023/2024. Fronting only became illegal in October 2014. BEE was introduced in 2003, and there […]
THE AVIATION SECTOR SPECIALISED ENTERPRISE SCORECARD
DRAFT AMENDED STATEMENT ASC004: THE AVIATION SECTOR SPECIALISED ENTERPRISE SCORECARD This is part eight of a series of articles summarising the draft Aviation sub-sector code. This article discusses the SPECIALISED ENTERPRISE SCORECARD. ElementsASC 004-200 Management ControlASC 004-300 Skills DevelopmentASC 004-400 Enterprise and Supplier DevelopmentASC 004-500 Socio-Economic Development ASC 004-200 Management ControlKEY MEASUREMENT PRINCIPLES ASC 004-300 […]
The Legal Sector Code (LSC) – Part 3
In September 2024, the Minister of Trade, Industry, and Competition (the dtic) approved the Legal Sector Code in terms of section 9(1) of the B-BBEE Act. Two previous articles discussing this recent approval and the basic requirements of the Sector Code are available to read too. This article discussed the Priority Elements, Sub-Minimum Requirements, and […]
The Event, Technical and Production Services Industry B-BBEE Sector code Scorecard
STATEMENT-400 GENERAL PRINCIPLES FOR MEASURING ENTERPRISE AND SUPPLIER DEVELOPMENT This is the tenth article in a series discussing the Event, Technical, and Production Services Industry B-BBEE Sector Code Scorecard. In this article, we discuss the basics of Code Series ETPSI-400: MEASUREMENT OF ENTERPRISE AND SUPPLIER DEVELOPMENT. OBJECTIVES OF THIS STATEMENT 1.1 Specify the scorecard for […]
Donations tax implications on the issue of shares at nominal value to enhance B-BBEE credentials
CT: Income Tax Act 58 and a SARS General Binding Ruling, Number 400. This ruling by SARS determines whether donations tax will be payable on the amendment of a company’s memorandum of incorporation (MOI) to allow for the issue of shares at nominal value to a Corporate Social Investment (CSI) trust in order to enhance […]
The Event, Technical and Production Services Industry B-BBEE Sector code Scorecard – Part 3
CODE SERIES ETPSI-300 – MEASUREMENT OF SKILLS DEVELOPMENT This is the ninth article in a series discussing the Event, Technical, and Production Services Industry B-BBEE Sector Code Scorecard. In this article, we further discuss the basics of Code Series ETPSI-300: MEASUREMENT OF SKILLS DEVELOPMENT and the INDICATORS for “FORMULA 2 and 3”. The formula that […]
The Event, Technical and Production Services Industry B-BBEE Sector code Scorecard
The Event, Technical and Production Services Industry B-BBEE Sector code Scorecard CODE SERIES ETPSI-300 – MEASUREMENT OF SKILLS DEVELOPMENT, part 1 of 2 This is the seventh article in a series discussing the Event, Technical, and Production Services Industry B-BBEE Sector Code Scorecard. In this article, we have listed the basics of Code Series ETPSI-300: […]
The Event, Technical and Production Services Industry B-BBEE Sector code Scorecard – Ownership, Part 2
This is the fourth article in a series of articles discussing the Event, Technical, and Production Services Industry B-BBEE Sector Code Scorecard. In this second of three articles dealing with the Ownership Element, we will discuss BROAD-BASED OWNERSHIP SCHEMES AND EMPLOYEE SHARE OWNERSHIP PROGRAMMES, PRIVATE EQUITY FUNDS, SECTION 21 COMPANIES AND COMPANIES LIMITED BY GUARANTEE, […]
Property Sector Charter within the scope of 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 and […]
THE EVENT, TECHNICAL AND PRODUCTION SERVICES INDUSTRY B-BBEE SECTOR CODE SCORECARD
Role of the ETPSI Council The Sector Charter Council will comprehensively review progress on the implementation of the sector code after five (5) years from the effective date of this sector code or at the review of the Codes of Good Practice, whichever one comes first. The Event, Technical, and Production Transformation Forum (“ETPTF”) represents […]