HIGHLIGHTS Mining Charter June 2017

The Minister of Mineral Resources revealed the Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (“Mining Charter 3”) on 15th June 2017 amidst considerable uproar, with industry stakeholders expressing major concerns.  

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Amended Property Sector Code Gazetted

The long awaited Amended Property Sector Code was gazetted on 9th June under Gazette 40910.  The scorecards are as follows: Any enterprise with an annual total turnover of R10 Million or less qualifies as an Exempted Micro-Enterprise. Despite the above, measurement of B-BBEE Exempted Micro Enterprise (EME) for the below mentioned property segments, will apply […]

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Registration of major B-BBEE transactions

On 9th June 2017, the Department of Trade and Industry published a notice in Government Gazette 40898 setting out the final thresholds for registration of Major B-BBEE Transactions. In terms of the notice, any Major B-BBEE Transaction having a Transaction Value of at least R25 million must be registered with the B-BBEE Commission. A Major […]

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B-BBEE Commissioner Practice Guide 02 of 2017 Application of the Old Generic Codes

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ICT Amended Sector Code clarification notes

The following important aspects of the clarification notes issued by the ICT Sector Council can be found under the FAQ section of their web site http://www.ictsectorcouncil.org.za: Sub-Minimums: A measured entity under the ICT sector code has to meet 8 distinct 40% sub-minimum targets to avoid the loss of a BEE level; these are: Ownership Net […]

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Dti up-scales Black Industrialists Programme

Johannesburg – The Department of Trade and Industry (dti) is scaling up its Black Industrialists Programme with a 100 black industrialists expected to receive support in the current financial year. Speaking at the launch of the ninth iteration of the Industrial Policy Action Plan (IPAP) in Sandown Johannesburg on Monday, Trade and Industry Minister Rob Davies […]

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New IPAP to push for radical economic transformation

Johannesburg – South Africa’s newly launched Industrial Policy Action Plan (IPAP) is intended to contribute to radical economic transformation, Trade and Industry Minister Rob Davies said on Monday. “Let me start off by saying without any ambiguity that IPAP is intended to contribute to radical economic transformation. I want to say that at its simplest […]

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Employment Equity stats remain unchanged

Pretoria – The 17th Annual Report of the Commission for Employment Equity indicates 68.5% of top management positions at South African companies are still occupied by white South Africans. Speaking before handing over the report to Labour Minister Mildred Oliphant on Tuesday, Commission for Employment Equity chairperson Tabea Kabinde said the statistics on transformation have […]

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CSCC Gazette Update

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Amended Forest Sector Code Gazette Released

The Forest Sector Code was Gazetted on 21st April under Gazette no 40803 and is to be known as the Amended Forest Sector Code . This Code come into effect from that date.  The relevant statement 10.1 states “This Amended B-BBEE Forest Sector Code is effective from the date of publication in the government gazette and […]

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