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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Draft report on transformation proposes that the equity targets in the Financial Sector Charter be made compulsory and possibly incorporated into the Regulations

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Major names in BEE investigation

Business Day reports that the BEE Commission is investigating several companies and entities for allegedly violating the B-BBEE Act. Major names amongst those under investigation include Netcare, Nokia, MTN, Eskom and the South African Social Security Agency (Sassa). She is also investigating six verification agencies. For the full articles go to https://www.businesslive.co.za/bd/national/2017-08-08-major-names-in-bee-investigation; Media Release B-BBEE […]

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Suspension of the implementation of Mining Charter 3

The Minister of Mineral Resources has suspended implementation of the controversial Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016, gazetted on 15 June 2017 (Mining Charter 3). On 14 July 2017, the Minister gave a written undertaking that neither he nor the Department of Mineral Resources (DMR) will […]

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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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