Dear [Name]

Great news, we have been hard at work completely redesigning our EconoBEE.co.za website. Some of the wonderful changes include;

• An overhaul of our news and opinion section
• An overhaul of the basic and technical articles
• Inclusion of a legislation corner – which includes searchable legislation with interpretations and definitions
  
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• Introduction of a “walk through” page for the home page, services page and resources page to make it easier to browse the site.
  

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1. It could mean that any certificate dated and issued after 30th April MUST use the Amended Codes. This interpretation is supported by the notice issued by the minister when he decided that as from 28th January 2010, certificates will only be considered valid if issued by a SANAS accredited verification agency.

2. A second precedent was set when the chief director of the B-BBEE unit issued a document on 9th July 2012 referring to the effective date of the sector codes and stating that if an entity appointed their verification agency prior to the start date they could use the generic codes, but if appointed after the inception date of the sector code they should use the sector code.

3. A third interpretation could be used following the ruling by the dti relating to the date when the 6-10 year targets had to be used on the 2007 codes. In this case the dti stated that the new targets must be used for any entity whose measurement date was after 9th February 2012.

• In the case of (1) many unaccredited agencies pre-dated their client’s scorecards to 28th January 2010. We expect to see this happening again!
  
• In the case of (2) we know that many companies appointed their agencies up to 14 months prior to the date of issue of the certificate. As proof they showed an agreement between their client and themselves dated prior to the deadline. If option (2) is used, then many companies will appoint their agencies now for this year, next year and the following 5 years to be able to use the old codes forever!
  
• In the case of (3), we still see many companies being verified in 2014 using 2011 financial data and being able to use the 0-5 year lower targets. To circumvent the Codes all a company needs to do is use very old financials.

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