The Amended Construction Sector Codes applies to businesses who derive more than 50% of their annual revenue from Construction-related activities and include the following: Contractors – conduct construction project activities including Civil Engineering, Electrical Engineering, power transmission, general building, specialist construction works e.g. wiring, air-conditioning, heating, asphalt work, excavations, scaffolding, and support, shop-fitting, structural steelwork, water-proofing, etc....

Should a business owner consider employing foreign nationals for the benefit of their BBBEE rating? A current problem in the economy is that whenever an employer advertises a new vacancy, they are overwhelmed with applications. These applications usually include quite a high number of foreign nationals. How does employing a foreign national effect your BBBEE rating? Foreign nationals could have a definite impact on some of the following elements on the scorecard, namely: Ownership;Management...

It is no surprise that COVID-19 has slowed economic activity, affecting your company’s revenue and profit negatively. With constrained financial resources, enterprises will re-prioritise their budgets. Many enterprises have therefore reduced B-BBEE to a box-ticking exercise, as spending on B-BBEE will likely be sacrificed where deemed a non-strategic or non-essential. The question on everyone’s lips is, will entities be exempted from implementing B-BBEE or from complying with the B-BBEE...