The Mentorship programme applies to the Construction sector code. Each Measured Entity must have one person in the business responsible and accountable for mentoring, called the mentor champion. The criteria for the programme must include the objectives and desired outcome of the programme, the structure of the programme, methods of how the protégés and mentors will be selected and matched and the time frames for implementing the programme. There must be a general portfolio of evidence...

The Amended Construction Sector applies to all entities that fall within the Construction Sector. It is important to note that there are two sub-sectors within the Construction Sector, namely, BEP (Built Environment Professional) andConstruction Contractor, which also includes Construction Suppliers. The significant difference between both sub-sectors is that BEPs conduct the planning, designing and costing of construction projects, whereas the Construction Contractor sub- sector conducts the...

This article gives a general overview of the skills development element for the Amended Financial Sector Codes. The Amended Financial Sector Codes guides the skills development element, read together with the Amended Codes of Good Practice. The Codes of Good Practice apply only to the extent that the Amended Financial Sector Code is silent. Before an entity can claim any points on skills development, it is important to note that they must comply with the following pre-requisites: The...

According to the Codes of Good Practice, all entities operating in South Africa need to contribute toward the objectives of Broad-Based Black Economic Empowerment, known as B-BBEE. This includes the Ownership element, which poses a problem for a Multinational Company (a foreign-owned company). First, we need to look at the definition of a Multinational Company. According to Investopedia, the definition of a Multinational Company is a company that has facilities and other assets in at least one...