BEE

FAQ – When Is The Deadline To Contribute Towards Socio-Economic. Supplier And Enterprise Development?

FAQ – When Is The Deadline To Contribute Towards Socio-Economic. Supplier And Enterprise Development?

by | Jan 24, 2021

The measured entities must make all contributions toward Socio-Economic, Supplier and Enterprise Development before the last day of their financial year-end. Any contribution made outside of the financial year will not be taken into account for verification of that financial year. Please ask your BEE Legal Advisor for an easy solution toward Enterprise and Supplier Development. To find out how SEESA can help your business, visit our website for more: https://bit.ly/2KI1Tmk "SMS" the word...

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Episode 59: Can The YES Initiative Enhance Your Company’s B-BBEE Status?

Episode 59: Can The YES Initiative Enhance Your Company’s B-BBEE Status?

by | Jan 19, 2021

SEESA BEE & Labour Legal Advisors, Edmund Drake and Tinita Gerber discuss the Youth Employment Service (YES) initiative and how it can be used to enhance your company’s BEE status. They discuss how YES practically works and the procedures to follow. They also focus on the requirements and the benefits of making use of the YES initiative. Click play to listen to our podcast! Contact your nearest SEESA office for a BEE legal adviser to assist your company with the YES initiative and to...

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SEESA Annual Closure 2020

SEESA Annual Closure 2020

by | Dec 13, 2020

Our offices will be closed from Friday 18 December 2020 and will re-open on Monday 4 January 2021. We will, however, be available for assistance via the following channels: 1. Visit our website to view SEESA's emergency contact details for your region: https://bit.ly/3owax5I 2. Send us a message via ProFile Chat. https://bit.ly/2KlvdPb 3. Should you require assistance with ProFile do not hesitate to contact us via email at support@seesa.co.za or on our landline 012 810 2020.

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Episode 56: Information And Communication Technology Draft Regulations

Episode 56: Information And Communication Technology Draft Regulations

by | Dec 8, 2020

“The Independent Communications Authority of South Africa (ICASA) plans to introduce new BEE regulations for the Information and Communications Technology (ICT) sector before the end of the 2020/2021 financial year.” SEESA BEE Legal Advisors, Marco Du Preez and Shane Buys discuss the amendments to the Information and Communication Technology sector codes and how it will affect your business. Click on play to listen to our podcast! ☎️Contact your SEESA BEE Legal Advisor to assist your business...

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Ownership Certificate

Ownership Certificate

by | Dec 2, 2020

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...

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Episode 55: Construction Sector Code Amendments To Come Into Effect December 2020

Episode 55: Construction Sector Code Amendments To Come Into Effect December 2020

by | Dec 1, 2020

On the 1st of December 2017, the Amended Construction Sector Code was published in the Government Gazette. This Sector Code made provision for increased targets under the Ownership Element as well as the Skills Development Element. As of the 1st of December 2020, the new Skills Development Requirements, as well as the new Supplier Development Champion Requirements, will come into effect.  The new ownership targets will be effective from the 1st of December 2021. SEESA BEE Legal Advisors,...

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Did You Know? – A Group Of Entities Can Be Verified As A Collective To Receive A Consolidated B-BBEE Certificate That Can Be Used By The Entire Group?

Did You Know? – A Group Of Entities Can Be Verified As A Collective To Receive A Consolidated B-BBEE Certificate That Can Be Used By The Entire Group?

by | Nov 22, 2020

A consolidated B-BBEE verification can be performed on a group of companies instead of doing a separate verification for each entity within the group. Each entity can however still do their own separate verification if they choose to do so. In certain instances, it may be favourable to do both, especially where an entity within the group can achieve a higher B-BBEE status level on their own. To find out how SEESA can help your business, visit our website for more: https://bit.ly/3bOyEHR "SMS"...

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Transformation Of The ICT Sector And Certain Main Regulations Of Equity Ownership

Transformation Of The ICT Sector And Certain Main Regulations Of Equity Ownership

by | Nov 18, 2020

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...

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Episode 51: When Can Entities Complete An Affidavit As Proof Of Their BEE Status?

Episode 51: When Can Entities Complete An Affidavit As Proof Of Their BEE Status?

by | Nov 3, 2020

SEESA BEE legal advisors, Juane Zeelie and Stephen Strydom discuss the validity of affidavits in the BEE environment. They specifically address the criteria applicable to affidavits and when it will suffice as proof of an entity's BEE status. They also discuss the possible consequences of incorrectly making use of an affidavit instead of a SANAS accredited BEE certificate. Click play to listen to our podcast! Contact your SEESA BEE Advisor to assist your business with any BEE related queries...

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The Effect Of The New Property Sector Codes On Companies Operating Only In The Private Sector

The Effect Of The New Property Sector Codes On Companies Operating Only In The Private Sector

by | Nov 2, 2020

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...

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