Category: Knowledge and Resources Centre

Black new entrants

Means black participants who hold rights of ownership in a measured entity and who, before holding the equity instrument in the measured entity, have not held equity instruments in any other entity which has a total value of more than R20 000 000.00 (R20-million), measured using a standard valuation method;...

Black designated groups

This refers to a definition from the 2007 Codes. You can view other definitions from the old codes or download the latest legislation. (a) Means unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution; (b) Black...

BEE-procurement recognition level

(a) For the enterprises that are neither qualifying small enterprises nor exempted micro-enterprises, using statement 000 (b) For qualifying small enterprises, using statement 800; and (c) For exempted micro enterprises, a deemed BEE procurement recognition of 100% and BEE status of level four (4) contributor under statement 800; Means the...

BEE-owned company

Means juristic person, having share holding or similar members interest, that is BEE controlled, in which black participants enjoy a right to economic interest that is more than 50% of the total such rights measured using the flow through principle;  

Acquisition debt

Means the debts of:(a) Black participants incurred in financing their purchase of their equity instruments in the measured entity; and (b) Juristic persons or trusts found in the chain of ownership between the eventual black participants and the measured entity but excluding debts incurred by the measured entity for the...

50% black owned

  Means an entity in which:(a) Black people hold more than 50% of the exercisable voting rights as determined under code series 100;(b) Black people hold more than 50% of the economic interest as determined under code series 100; and(c) Has earned all the points for net value under statement...

submission date

Measurement Period vs Measurement Date

Original publish date – Tue, 04 Dec 2012 09:36:47 +0000, Keith It sounds so simple. The measurement period is the period of your financial year under review, on which your verification will be based, and the measurement date is the last date of that financial year. In practice it has...

Construction Sector Code

      Government Gaze Staatskoerant   o     :te     REPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA       Vol. 528   N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposes  ...

B-BBEE Amendment Bill

Government Gazette StaatskoerantREPUBLIC OF SOUTH AFRICA REPUBLIEK VAN SUID-AFRIKA vol. 558 Pretoria, 9 December2011  N.B. The Government Printing Works will not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposesAIDS HELPLINE: 0800-0123-22 Prevention is the cure CONTENTS • INHOUDNo.GENERAL NOTICETrade and Industry, Department...

Verification Guidelines

Pretoria, 18 July 2008Vol. 517No. 31255 GOVERNMENT NOTICE    Gazette No. Trade and Industry, Department of Government Notice 776 Broad-Based Black Economic Empowerment Act (53/2003): Framework for accreditation and verification by all Verification Agencies GOVERNMENT NOTICEDEPARTMENT OF TRADE AND INDUSTRY18 July 2008No. 776 FRAMEWORK FOR ACCREDITATION AND VERIFICATION BY ALL VERIFICATION...

Code 700 Socio-economic Development

CODE SERIES 700: MEASUREMENT OF THE SOCIO­ECONOMIC DEVELOPMENT ELEMENTS OF BROAD- BASED BLACK ECONOMIC EMPOWERMENT STATEMENT 700: THE GENERAL PRINCIPLES FOR MEASURING THE SOCIO- ECONOMIC DEVELOPMENT ELEMENT Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement Para Subject Objectives of this statement...

Code 600 Enterprise Development

CODE SERIES 600: MEASUREMENT OF ENTERPRISE DEVELOPMENT ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT STATEMENT 600: THE GENERAL PRINCIPLES FOR MEASURING ENTERPRISE DEVELOPMENT ELEMENT Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement Para Subject Objectives of this statement The Enterprise Development scorecard...

TOP FIVE BEE INTERPRETATION MISTAKES: EMPLOYMENT EQUITY

Eleanor Roosevelt wisely said; “Learn from the mistakes of others. You can’t live long enough to make them all yourself”; and in business learning from ones’ own mistakes could amount to considerable outlay.  Expert BEE consultants, EconoBEE have used their vast experience to compile a list of the top five...