MD’s new approach to B-BBEE

The Independent Regulatory Board for Auditors’ (IRBA) has withdrawn from the Regulation of the Broad-Based Black Economic Empowerment (B-BBEE) verification industry with effect from 30 September 2016. A transitional period of three (3) months to 31 December 2016...

MAC Sector Code highlights

The MAC Sector Code under section 9(1) of the BBBEE Act is now in law and requires that companies in the sector meet the targets stipulated in it by 2018.  The six elements contained in the Code are Ownership, Management Control, Skills Development, Enterprise and...