As clients become more familiar with the BEE process, we often receive the question of whether black ownership will influence a company’s BEE affidavit and, if so, what the effect will be. Specific references will be made to the Code of Good Practice for this article. Although various similarities exist between the different sectors in terms of BEE, it is essential to contact your nearest SEESA BEE legal advisor regarding your specific industry and how ownership will impact your industry’s BEE...

The B-BBEE Forestry Sector comprises entities involved with commercial Forestry and first-level processing of wood. The following is also included: Growers (plantations, nurseries, and indigenous forests), Contracting sub-sector and pulp, paper, paperboard, timber board product, woodchip, and wattle bark manufacturers, pole treatment plants, etc.  The entities that form part of the Forestry Sector Codes must spend 1% of their Nett Profit After Tax on Socio-Economic Development (SED)...

As legal consultants, we always strive to introduce the most cost-effective initiatives to our clients regarding B-BBEE expenditure. With the Skills Development element, learnerships falls well within this category. If structured correctly, learnerships can save you both time and money in the long run and may be well worth your efforts. What is a Learnership? A learnership is a workplace education and training programme comprising a practical workplace experience and structured theoretical...