BEE

Being investigated by the B-BBEE Commission

by | Jan 15, 2018

Since the inauguration of the Broad-Based Black Economic Empowerment (B-BBEE) Commission, we’ve become aware of a few businesses who have been subjected to investigations done by the Commission. Being investigated by the Commission can be quite unnerving, exacerbated by a lot of procedural steps that need to be taken, not only by the Commission but also by the entity being investigated. The complaint process is set out in Part 4, Section 15(1)-(17) of the BEE regulations as published on the...

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All Sector Codes except for Transport aligned with the amended Codes Of Good Practice

by | Jan 12, 2018

It will be fair to say that 2018 started with much more certainty than 2017 did. At the same time last year various Broad-Based Black Economic Empowerment (B-BBEE) Sector Codes were only in draft format and not yet aligned with the amended Codes of Good Practice. Out of a planning and budgeting point of view, it made life very difficult for all entities operating in any of the affected industries. Since April 2017, 5 additional amended Sector Codes were published in the Government Gazette. The...

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B-BBEE AMENDED CODE SERIES 300:

by | Jan 1, 2018

Amendments to the Skills Development Element (Code 300) of the BEE Codes of Good Practice as published on 31 May 2019 will be effective as of 1 December 2019. In terms of these amendments to the Skills Development Element, the compliance target for skills development expenditure on learning programmes for black people has been reduced from 6% to 3.5% of the leviable amount and the weighting has been reduced from 8 to 6 points. This target includes all accredited as well as unaccredited...

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