Memorandum of Understanding between Broad-based Black Economic Empowerment Commission and South African National Accreditation System (SANAS)

On 15 December 2017, the DTI published a memorandum of understanding entered into between the Companies and Intellectual Property Commission (the “CIPC”) and the B-BBEE Commission. The CIPC MOU regulates the exchange of certain information and the interface of a system to enable the B-BBEE Commission to access the CIPC business registration information for purposes […]

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Petroleum and Liquid Fuels Draft Sector Code

The draft Sector Code has not been published by the DTI yet so it is just an indication of the Liquid Fuels Sector and covers the following Liquid Fuels Sectors with differing scorecards: Wholesale Manufacturing Gas Infrastructure Biofuels Energy Public Sector Thresholds for EME and QSE vary significantly between the 6 sectors and in also […]

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B-BBEE Commission cracks the whip on non-compliance

Auditing and accounting firm SAB&T BEE Services (Pty) Ltd and Shameema Ismail have issued a public apology after the Broad-Based Black Economic Empowerment (B-BBEE) Commission made non-compliance findings against them. “The B-BBEE Commission has issued final findings against SAB&T BEE Services (Pty) Ltd and Ms Shameema Ismail for conduct that is improper, contrary to ethical […]

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MoU – B-BBEE Commissioner and CIPC

The B-BBEE Commission and the Companies Commission have signed a memorandum of understanding regarding the sharing of information specifically relating to fronting and unlawful corporate activities. The MoU is in full force and effect with its focus on fronting practices, the relationship between corruption, derailment of economic transformation, lack of protection to minority rights, lack […]

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Compliance Reporting to B-BBEE Commission effective April 2018

Explanatory Notice 02 of 2017 and Matrix for submitting B-BBEE Compliance reports in terms of Section 13G  of the B-BBEE Act.

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Amended AgriBEE Sector code gazetted

Minister Davies Gazettes the Amended Agri-Bee Sector Code in Terms of Section 9(1) of the Broad Based Black Economic Empowerment Amendment (B-BBEE) Act The Minister of Trade and Industry Dr Rob Davies has gazetted the Amended AgriBEE Sector Code for implementation by entities in both public and private sector. Minister Rob Davies says that the […]

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Amended Construction Sector Code

The Construction Sector Council has announced that the DTI has signed off the final Gazette that will be published on  Friday 8th December 2017. The Announcement confirms that the Code is substantially the same as the version published for public comments in October 2016. Interestingly, Rating Agencies are required to send copies of their BEE […]

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Amended Financial Services Sector Code to be gazetted

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Bid to transform petrol sector

Black ownership still well below government’s proposed 25% Intervention to transform the petroleum retail sector is on the cards‚ Energy Minister David Mahlobo has indicated, with the Department of Energy conducting an audit that will serve as a baseline to inform the intervention required for this transformation to take place. “The department will use the […]

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Petroleum and Liquid Fuels Sector Code

The DTI issued a Proclamation on 13th September to publicise the intention of the Department of Energy and the Petroleum and Liquid Fuels Industry to align the B-BBEE Petroleum and Liquid Fuels Sector Transformation Charter with the B-BBEE Act, the B-BBEE Codes of Good Practice and the B-BBEE Policy Framework to ultimately serve as a […]

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