On 31 May 2019, the Skills Development element of the Amended Codes of Good Practice scorecard was amended to make specific provisions for a bursary indicator. In terms of the amendment, large entities (with turnovers higher than R50 million per annum) must contribute 2.5% of their annual payroll towards bursaries for black people to gain maximum points for this specific indicator. Bursaries are nothing new to Skills Development in terms of B-BBEE. Before 31 May 2019, entities could also claim...

On 1 December 2017, the Amended Construction Sector Code was published in terms of Government Gazette number 41287. This Sector Code makes provision for Supplier Development Programs on the Generic Construction Sector Code Scorecard. Generic Enterprises are Contractors with an annual turnover above 50 million Rand and BEP’s (Built Environmental Professionals) with an annual turnover above 25 million Rand. What is a Supplier Development Program? A Supplier Development Program is a program where...

BEE, or rather B-BBEE, is an acronym for Broad-Based Black Economic Empowerment. B-BBEE is a Government policy with its main objective to redress the economic inequalities that Apartheid caused prior to 1994. The aim is to include all race groups in our economy. During Apartheid, most race groups in South Africa were excluded from participating meaningfully in our economy. This caused a lot of inequalities and poverty. The intended beneficiaries of B-BBEE are Black South African citizens....