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...

The Dept of Trade, Industry and Competition published a Practice Note in May 2021 regarding the rules of discretionary collective enterprises. The note provided clarity on the interpretation of the B-BBEE Codes regarding claiming points for ownership through ‘discretionary collective enterprises’. The Practice Note seeks to provide certainty for those measured entities that made use of a collective enterprise and what will be required as satisfying the requirements for Black ownership in terms...

The Property Practitioners Act 2019 comes into effect on the 1st of February 2022. Chapter 2 of this Act looks specifically at transformation in the Property Sector. It is clear from the Act that there is a lot of focus on transformation in die Property Sector.  The transformation that needs to be implemented by the Property Practitioners Regulatory Authority correlates with the B-BBEE Goals as set out in the B-BBEE Property Sector Code.  This transformation will be done through the...