Local businesswoman and tourism pioneer, Bunny Bhoola, has been appointed by the Minister of Tourism to the board of the Tourism Broad-Based Black Economic Empowerment Charter Council

Original article here … “assist in advancing the course of transformation in the tourism sector”. … “Bunny Bhoola’s appointment to the Tourism BBBEE Charter Council is a … Local businesswoman and tourism pioneer, Bunny Bhoola, has been appointed by the Minister of Tourism to the board of the Tourism Broad-Based Black Economic Empowerment Charter Council. Minister […]

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CA Sector Charter

The Chartered Accountancy Charter has been gazetted in draft for 60 days public comment. The scope of the charter affects all companies that employ South African Institute of Chartered Accountants trainees and members who offer SAICA training programmes. The various bodies and stakeholders to the CA Charter includes IRBA, AAT, ICB, ICSA. The charter targets […]

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Majority of Broad-Based Trusts declared ‘not Black Ownership’

Link to original post: https://bit.ly/2UyT3pP BEE CRACKDOWN Majority of broad-based trusts declared ‘not black ownership’ The Kagiso, Royal Bafokeng Nation, Wiphold Investment and Batho Batho trusts may be affected 23 April 2019 – 05:10 Carol Paton The commission that monitors compliance with empowerment legislation has declared that the vast majority of transactions involving broad-based BEE […]

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Economic transformation still hampered by B-BBEE fronting: Davies

Original article: https://goo.gl/xZVyqU Durban – More economic transformation would take place in South Africa when more black people were able to exercise true business ownership powers, said Trade and Industry Minister Rob Davies on Thursday.  Davies was speaking at the Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) annual conference at Emperors Palace in Ekurhuleni.  The […]

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YES initiative outlines plans for 2019

HTTPS://WWW.IOL.CO.ZA/BUSINESS-REPORT/ECONOMY/YES-INITIATIVE-OUTLINES-PLANS-FOR-2019-18825603 ECONOMY / 16 JANUARY 2019, 10:00AM / STAFF REPORTER President Cyril Ramaphosa launching the YES initiative in March. DURBAN – The Youth Employment Service (YES) initiative was launched in 2018 in an effort to create 1 million new 12-month job opportunities for young people. The YES initiative which has already found work opportunities for 4600 youth in 2018 […]

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BEE Code Status – November 2018

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YES Initiative Practice Note 1

The DTI published Practice Note 1 under Gazette 41975 on 12th October, to give clarity to and to implement the YES Initiative that was Gazetted on 28th August under Gazette 41866. Highlights of the Practice Note are as follows:- The Youth Employment Service Initiative is now implemented and in force for entities of all sizes. […]

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B-BBEE Commission releases practical guide to ensure validity of B-BBEE certificates

The B-BBEE Commission has issued a number of letters requiring organisations to withdraw their B-BBEE Verification Certificates due to invalidity or fraudulent conduct. The purpose of the Practice Guide 1 of 2018, issued on 3 September 2018, is to set out the approach the B-BBEE Commission is likely to take on determining the validity of […]

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Youth Employment Service Initiative – Gazette 41866

The DTI published the Youth Employment Service (YES) Initiative as Notice 502 in Gazette 41866 on 28th August 2018. The YES Initiative enables any organisation, EME, QSE or Generic to enhance its BEE Level by 1 or 2 levels by providing jobs for young black people under the YES Initiative. In summary: It amends Code […]

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Government and other entities are advised to reject B-BBEE Certificates issued by Verification Agencies that are not accredited by SANAS

MEDIA RELEASE DATE: 05 JULY 2018 The B-BBEE Commission advises entities and organs of state to reject B-BBEE certificates that have been issued by verification agencies or professionals who are not accredited by South African National Accreditation Systems (“SANAS”) as such B-BBEE certificates are invalid for lack of authority and mandate to issue them. A […]

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