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Broad Based Black Economic Empowerment (BBBEE)
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Amendments to BBBEE – skills development, a response to #FeesMustFall?
Amendments to the general codes of good practice will become effective on 1 December 2019. It is important to understand that this is effective on that date, regardless of the financial period being verified. The biggest changes are under the skills development...
The ICT BBBEE Code – What you need to know!
Introduction The Minister of Trade and Industry gazetted the Information and Communication Technology’s (“ICT”) Sector Code for black economic empowerment (“BEE”) in terms of Section 9(1) of the Broad-Based Black Economic Empowerment (“BBBEE”) Act 53 of 2003 as...
BBBEE Compliance in Multinationals
Introduction In April 2015, the revised Broad-Based Black Economic Empowerment (“Generic BBBEE Codes” or “Codes”) Codes came into operation (“new codes”) thereby replacing the existing BBBEE Codes of Good Practice (“old codes”). Since the change, compliance has become...
