In certain instances, it is necessary to provide proof of the percentage of black ownership within an entity regardless of the B-BBEE level obtained by that entity. Business entities, especially those who are not currently in possession of a B-BBEE certificate or those who are not required to provide a B-BBEE certificate as proof of B-BBEE status, can therefore request a verification agency to perform verification on only the ownership element of the B-BBEE scorecard to confirm the percentage...

The Information and Communications Technologies (ICT) sector has a broad scope of application.  B-BBEE status measurement for entities that fall under the ICT scope is regulated by the amended ICT sector charter issued in terms of Section 9(1) of the Broad-Based Black Economic Empowerment Act 46, of 2013. The Independent Communications Authority of South Africa (ICASA) and the Electrical Contractors Association of South Africa (ECASA) is the authority which promotes the economic...

B-BBEE, as we all know, has a huge effect on the way we do business in South Africa. Even though it may not personally affect you, it is still essential to know why B-BBEE was introduced and what it means for the country.  While B-BBEE was implemented by the Government to rebuild what has been lost, building the country up has been the main focus for many companies and industries. While it will take a lot of work, such industries, including the property sector, can benefit from embracing...

The first question I ask when starting a consultation is ‘’Why do you need a BEE certificate?” This is a very important question, one that no one can answer for you. You need to determine why it is important for your business to be BEE compliant. Once you know why you want to be BEE compliant, you will be able to help us help you. By knowing why you need a BEE certificate, we can determine what level is best suited for you. It is not always necessary to aim for a level 1 or 2. Sometimes having...

South African ICT companies must take note of the new  BEE rules that the  Independent Communications Authority of South Africa (ICASA) is planning to introduce before the end of the 2020/2021 financial year. During a Virtual parliament meeting on 18 June 2020, President Cyril Ramaphosa reiterated that measures need to be taken and put in place to strengthen the economy, including Broad-Based Black Economic Empowerment (B-BBEE). For now, it is clear that South African businesses will...