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SEESA prides itself in providing Professional Legal Support, Industrial Relations & HR software for South African businesses. Standing proudly alongside business owners to protect & promote their interests. Our attorneys and specialising business solution staff are at your service to provide you with comprehensive legal protection and assistance. SEESA ProFile allows you to take your employee relations into your own hands, providing software and system to manage employees, guide you in...
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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...
SEESA BEE Legal Advisors Saigal Inderpal and Seshni Chetty discuss the type of entities that the Specialised Scorecard applies to as well as the requirements thereof. They also discuss the instances where an affidavit is applicable and how the beneficiaries of an organisation affect the BEE status of the specialised entity. Click play to listen to our podcast! Contact your SEESA BEE Advisor to assist your business with any BEE related queries you might have alternatively, SMS "SEESA" to 45776...
We often hear that B-BBEE is only meant for a select few individuals and that it doesn’t really serve its purpose. There are possibly some individuals that benefit more than others when we only take the Ownership element on the B-BBEE scorecard into account. There’s still a perception that Ownership is everything. We tend to forget that Ownership is only one of the elements on the entire B-BBEE scorecard. As a business owner, you can decide where you want to make the most significant...
According to the B-BBEE Act, “black people” is a generic term that refers to Africans, Coloureds and Indians. (a) who are citizens of the Republic of South Africa by birth or descent; or (b) who became citizens of the Republic of South Africa by naturalisation (i) before 27 April 1994; or (ii) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalisation before that date. Any false representation of the above will result in a fronting investigation and the...
This article will focus on the basic criteria of the Property Sector Charter, specifically the element of procurement. The key with procurement is timeous planning, as procurement points are built up throughout the measured entity’s financial year. There is no quick fix for procurement points and preparation is therefore vital. It is of the utmost importance that a procurement plan and policy be established before the financial year and that the measured entity ensures that due diligence...
SEESA BEE Legal Advisors, Edmund Drake and Leze Jonker discuss which entities qualify to enhance their BEE status under the Construction Sector Codes, specifically referring to EME and QSE entities. They also discuss how to enhance your status through Skills Development as well as Supplier Development and how SEESA can assist in obtaining the required points under these elements. Click play to listen to our podcast! Contact your SEESA BEE Legal Advisor to assist your business with the...
On 1 December 2017, the Amended Construction Sector Charter was gazetted and came into effect. All measured entities within the Construction Sector have to comply with the Amended Construction Sector to verify their B-BBEE status. For the purpose of this article, the focus will be on Supplier Development Programmes under the B-BBEE Amended Construction Code. The differentiation under the Supplier Development element between the Amended Codes of Good Practise and the Amended Construction Sector...