Breaking News: Four Amended Codes!
Recently we’ve been talking a lot about ownership and how to implement it correctly in your business, but now the new topic is around the latest amendments to the codes. We have analyzed the new amendments that were released on 31 May 2019 (Government Gazette No 42496). Some interesting changes include the following:
- Schedule 1 Interpretation and Definitions – Amendments:
- Designated Group Supplier: added definition
- Absorption definition: amendment
- General Principles and the Generic Scorecard – Amendments:
- Sub-minimums: Explanation
- Unincorporated Joint Venture: Added measurement
- General Principles for Measuring Enterprise and Supplier Development – Amendments:
- Suppliers within a company’s supply chain cannot be considered an Enterprise development beneficiary
- Guarantees: ESD matrix has been updated
- General Principles for Measuring Skills Development – Amendments:
- Double counting on various interventions have been ruled out
- Capping of Category F and category G training interventions have changed to 25% (This is as opposed to 15% that it was previously capped at)