“There is no basis to say we are doing away with BEE.” says finance minister Enoch Godongwana A lot of news has been circulating concerning BEE following the release of the Government Gazette 47452 on 4 November 2022. This document is an amendment to the Preferential Procurement Policy Framework Act (PPPFA) , an Act that […]

The Department of Labour recently released their annual report covering progress in their strategic objectives and providing highlights from the previous twelve months.  It also details the workforce demographic distribution of the Economically Active Population (EAP) across the provinces, a key document for the B-BBEE industry that breaks some of its Management Control and Skills […]

B-BBEE  President Ramaphosa appoints new B-BBEE Advisory Council to aid in economic transformation Sanjay Kassen, Zoë Wein and Lungelo Mkhize The council has an opportunity to play a crucial role in the long-term recovery, reconstruction and the meaningful transformation of the South African economy. Post shared courtesy of: ENSafrica.com

On the 16th of February, after some 4 years of litigation, the South African Constitutional Court made a landmark ruling that will prevent BEE pre-qualification criteria from being applied by government and state-owned entities in their procurement of goods and services. This is a significant victory for Sakeliga, a non-profit business group, whose objective is […]

A recent ruling by the B-BBEE commissioner has brought into sharp focus the misunderstanding with regards to the legitimate beneficiaries of B-BBEE. https://www.bbbeecommission.co.za/vicky-adey-consulting-cc-withdraws-from-government-panels-and-surrenders-for-cancellation-its-cidb-grading-for-misrepresentation-of-b-bbee-status/ For B-BBEE purposes, the definition of black is very specific and in terms of the Broad-Based Black Economic Empowerment Act (B-BBEE Act) the definition of “black people” is given as follows: “Black […]

EMPLOYMENT EQUITY REPORTING WINDOW OPENS 1 September 2021 either manually (deadline for submission being 1 October 2021) or online (deadline being 15 January 2022). Government to introduce stricter BEE rules for South African businesses in 2022  

Article shared courtesy of: Webber Wentzel  POPIA-has-unexpected-implications-for-B-BBEE-Schemes “Sharing personal information of trust beneficiaries to verify black ownership under the scorecards requires companies and trusts to be aware of POPIA requirements. Under the Codes of Good Practice for Broad-based Black Economic Empowerment, issued in terms of the Broad-Based Black Economic Empowerment Act 53 of 2003 (B-BBEE Act), […]

SA’s Black Industrialists Programme gets its first report card ‘Many lessons learnt’; will be used to make ‘the funding support of government more targeted and efficient’ – Patel. By Barbara Curson 14 May 2021  00:01   https://www.moneyweb.co.za/news/south-africa/sas-black-industrialists-programme-gets-its-first-report-card/ Some 793 black industrialist businesses have been funded R18 billion over the last five years by the Department of Trade, Industry and […]

https://www.iol.co.za/business-report/economy/trusts-welcome-dtic-minister-patels-support-for-ownership-schemes-db44b85f-35b3-478d-a507-04e516d68976 DURBAN – A COLLECTIVE of six of South Africa’s broad-based black economic trusts yesterday welcomed Department of Trade, Industry and Competition (DTIC) Minister Ebrahim Patel’s public support for their broad-based ownership schemes. The trusts, Kagiso Charitable Trust, Mineworkers’ Investment Trust, HCI Foundation, Women’s Development Bank Trust, Ditikeni Investment Trust and Wiphold Trusts, have been […]