Government to introduce stricter BEE rules for South African businesses in 2022

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  

read more

POPIA has unexpected implications for B-BBEE Schemes

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), […]

read more

National Treasury is developing new legislation that will “seek to enhance the transformation imperatives of the South African financial services sector”

Job creation can reboot SA’s ICT transformation IT-Online Sector regulator Icasa introduced a raft of new B–BBEE rules earlier this year, including a requirement for companies to maintain 30% equity … https://it-online.co.za/2021/08/03/job-creation-can-reboot-sas-ict-transformation/ Mboweni pushes for stronger transformation laws in South Africa’s banking and finance sector BusinessTech … will require financial institutions to develop transformation plans and […]

read more

SA’s Black Industrialists Programme gets its first report card

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 […]

read more

Trusts welcome DTIC Minister Patel’s support for ownership schemes

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 […]

read more

Employment Equity Amendment Bill described as a “game-changer”

Recently the Parliament’s Portfolio Committee on Employment and Labour has called for public comment on the Employment Equity Amendment Bill. The bill has been described by President Cyril Ramaphosa as a ‘game-changer’ for Black Economic Empowerment in South Africa. The Minister of Labour, after consulting with various sectors including the Commission for Employment Equity, will […]

read more

Are you being sold a dubious B-BBEE share option scheme? Hear what the B-BBEE Commission has to say…

This is the typical scenario presented: A QSE company (under R50m turnover) is non-compliant. They are advised to set up a separate company that would have 100% black shareholders (either black employees or an NGO) and this company would have a 51% share option in the main company, which would mean that they receive an […]

read more

BEE pioneers fight for their legitimacy

read more

Legal Sector Code

Click on the image below to view the Legal Sector Code document:

read more

B-BBEE Commission: Media Brief

Ruling on Validity of PPPFA Regulations has No Effect on B-BBEE Act The B-BBEE Commission recently has noted the ruling by the Supreme Court of Appeal that declared the Preferential Procurement Policy Framework Act (PPPFA) Regulations of 2017 invalid and has confirmed that the ruling has no effect on the B-BBEE Act, as amended, and its […]

read more