Category: Knowledge and Resources Centre

Code 500 Procurement

  CODE SERIES 500: MEASUREMENT OF THE PREFERENTIAL PROCUREMENT ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT   STATEMENT 500: THE GENERAL PRINCIPLES FOR MEASURING PREFERENTIAL PROCUREMENT   Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement   Para Subject 1                    Objectives of this...

Code 400 – Skills Development

CODE SERIES 400: MEASUREMENT OF THE SKILLS DEVELOPMENT ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT STATEMENT 400: THE GENERAL PRINCIPLES FOR MEASURING SKILLS DEVELOPMENT 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 Skills Development Scorecard...

Code 300 – Employment Equity

    CODE SERIES 300: MEASUREMENT OF THE EMPLOYMENT EQUITY ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT   STATEMENT 300: THE GENERAL PRINCIPLES FOR MEASURING EMPLOYMENT EQUITY   Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement   Para Subject   1                    Objectives...

Code 200 – Management Control

  CODE SERIES 200: MEASUREMENT OF THE MANAGEMENT CONTROL ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT   STATEMENT 200: THE GENERAL PRINCIPLES FOR MEASURING MANAGEMENT CONTROL   Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement   Para Subject   1                    Objectives of...

Code 000

  CODE SERIES 000: FRAMEWORK FOR MEASURING BROAD-BASED BLACK ECONOMIC EMPOWERMENT STATEMENT 000: GENERAL PRINCIPLES AND THE GENERIC SCORECARD Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement Para    Subject    Page 1    Objectives of this statement    2    Key principles    3    Application of...

Introduction

  CONTENTS GENERAL NOTICE Trade and Industry, Department of General Notice 112 Broad-Based Black Economic Empowerment Act (53/2003): Codes of Good Practice on Black Economic Empowerment 29617 General Notice NOTICE 112 OF 2007 DEPARTMENT OF TRADE AND INDUSTRY CODES OF GOOD PRACTICE ON BLACK ECONOMIC EMPOWERMENT I, Mandisi Mpahlwa, Minister...

30% black women-owned

  Means an entity in which:   (a) Black women hold more than 30% of the exercisable voting rights as determined under code series 100;(b) Black women hold more than 30% of the economic interest as determined under Code series 100; and(c) Has earned all the points for net value...

Code 100 Ownership

CODE SERIES 100: MEASUREMENT OF THE OWNERSHIP ELEMENT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT STATEMENT 100: THE GENERAL PRINCIPLES FOR MEASURING OWNERSHIP Issued under section 9 of the Broad-Based Black Economic Empowerment Act of 2003 Arrangement of this statement Para Subject    Page 1    Objectives of this statement    2    The ownership scorecard   ...

B-BBEE Act

Broad-based Black Economic Empowerment Act 53 of 2003. REPUBLIC OF SOUTH AFRICA Vol. 463 Cape Town 9 January 2004 No. 25899 THE PRESIDENCY No. 17 9 January 2004 It is hereby notified that the President has assented to the following Act, which is hereby published for general information:- No. 53...

Categories of B-BBEE Compliance

Original publish date – Fri, 26 Nov 2010 06:51:26 +0000, MPUMULO MAPHOSA The Codes of Good Practice provide for 3 categories of broad-based Black Economic Empowerment compliance and the only criteria used to define these categories is a measured entity’s total annual revenue. The listed categories therefore include: Exempted Micro...

The BEE Council is formed

The BEE Council is formed The B-BBEE Act, 53 of 2003 was officially signed by President Mbeki on 7th January 2004. Paragraph 4 of the act states “The Black Economic Empowerment Advisory Council is hereby established”. In December 2009, President Zuma announced the establishment of the council and named its...

Executive Guide to BEE

{tab What is BEE?}BEE, or more accurately B-BBEE refers to Broad Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country. BEE is about broad-based activities that benefit black people Shortened Definition: Black means African black, coloured or Indian people who...

Fronting Indicators

Follow these fronting indicators and stop FRONTING. If you know of a company who you suspect is fronting then you can report fronting to the Fraud unit or the DTI’s BEE unit. If you need assistance or advice please contact us and we can assist you. 1. The black people...

The Technicalities of a BEE Self Assessment

  Extract BBBEE Codes of Good Practice “Any representation made by an entity about its broad-based black economic empowerment compliance must be supported by suitable evidence or documentation.  An entity that does not provide evidence or documentation supporting any initiative, must not receive any recognition for that initiative.“ and “Verification...

The Tourism Sector Code

The Tourism sector code is a Broad Based Black Economic Empowerment scorecard that was gazetted on 22nd May 2009. Compliance with the sector code is mandatory for all stakeholders operating within the tourism industry. Therefore all businesses operating in the industry should comply with the Tourism sector code and not...

Steps to a successful BEE Scorecard

Original publish date – Tue, 01 Dec 2009 12:37:24 +0000, Gavin Your BEE scorecard is one of the essential tools required to ensure your customers are satisfied and you grow your business. However the problem is it can take a tremendous amount of time to prepare a complete scorecard, in...

Differences in interpretation

Original publish date – Tue, 24 Feb 2009 19:26:39 +0000, Keith There are now 11 SANAS accredited verification agencies, and there are about 25 different interpretations. Not only do agencies differ amongst themselves, but consultants within agencies have differing opinions. If a business has an income of R1000, and has...

“I want my company rated”

Original publish date – Tue, 17 Mar 2009 12:39:03 +0000, Keith We often get a call like the above. The client wants a BEE rating or certificate. We always explain that we are not a rating agency and ask if the client already has a scorecard. Invariably the client will...

Tourism Sector Code Salient Points

Original publish date – Fri, 18 Sep 2009 07:21:01 +0000, patience The Tourism sector code is based on the Codes of Good practice, however it has some differing weighting points, targets and definitions. The Exempt Micro Enterprises have a reduced threshold of R2.5 million and not R5 million. They enjoy...

skills development

Enterprise Development Beneficiaries

Category A ED beneficiaries This category comprises of ED beneficiaries who are EMEs (Exempt Micro Enterprises) and QSEs (Qualifying Small Enterprises) who are 50% Black owned or Black women owned. Thus, any company with annual turnover, which is less than R35 million and is Black owned or Black Women owned,...

Presenting the Tourism Charter

EconoBEE, together Routledge Modise in association with Eversheds will be presenting a short talk on the tourism charter. We will be covering the following: The tourism charter has now been gazetted as a sector code and must be followed by all members of the tourism industry. This includes hotels and...

The Tourism Charter

The tourism charter has been gazetted and now applies to all members of that industry. This includes: Accommodation Hotels B & Bs Guesthouses Resorts Game Lodges Backpackers and hostels Hospitality and Related Services Restaurants Conference Venues Professional Catering Attractions Consulting and professional services companies Travel Distribution Systems Tour wholesalers Tour...