The Agri Sector QSE Scorecard has four initiatives that have a multiplier on the points earned for contributions. The initiatives are as follows; Initiatives that directly contribute to new jobs created in the associate enterprise. If there is an increase of 100% jobs created on the base, the measured entity gets a total of 1.5 multiple factor. Pro rata will apply if the increase is less than 100%, which is 1.5 multiple factor;Initiatives that assists the development of beneficiary entities to...

Did You Know? Why Mandatory Council Fees need to be up-to-date before a BBEEE Certificate can reflect points for the ESD element. The contribution of these fees must be made by an entity that falls under the scope of the ICT Sector Council and must remain up to date. The verification agency must validate whether these ICT Sector Council fees are up to date, which would validate a particular B-BBEE Certificate or Affidavit. If an organization has not contributed in full, their B-BBEE...

Qualifying Small Financial Institutions are entities that have a turnover between R10 million and R50 million per annum. A qualifying Small Financial Institution (QSFI), which is more than 50% black-owned (where there is an existing equity deal in place), or who have 51-99% Black ownership, automatically qualifies for a Level 2 BEE affidavit. Where a QSFI is 100% black-owned, it will automatically qualify for a level 1 Affidavit. It is always important to consult your BEE legal advisor for...