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Black Economic Empowerment

Complying with Broad-Based Black Economic Empowerment (B-BEEE) requirements is voluntary, but it may incentivise the private sector to buy from you and it may improve your access to the corporate markets. Additionally, you must be 100% B-BBEE compliant to do business with any government body or public sector. Below are numerous articles and insights examining the far reaching effects of BEE on the South African economic landscape.

Minister reveals details of final Mining Charter 2018

In a media briefing by Minister Gwede Mantashe today (27 September 2018), the highlights of the final version of the revised Mining Charter 2018 were announced. Minister Mantashe described the new Charter as one which represents a consensus among industry stakeholders,…

Provided By Cliffe Dekker Hofmeyr

by Giada Masina

Knowing your B-BBEE reporting requirements

In an attempt to monitor racial diversity and transformation, the Johannesburg Stock Exchange (“JSE”) amended its Listings Requirements, in conjunction with the adoption of the amendments proposed in terms of the King IV Report on Corporate Governance, …

Provided By Eversheds Sutherland

by Greg Shapiro and Nikhil Lawton-Misra

Broad-Based Black Economic Empowerment Commission finalises its first case

On 23 January 2018, the Commission issued final findings against SAB & T BEE Services (Pty) Ltd (“SAB&T“) and Ms Shameema Ismail (“Ismail“). This is...

by Pieter Steyn

Broad-Based Black Economic Empowerment Commission finalises its first case

Understanding socio-economic development as BEE element

Socio-Economic Development forms part of the government’s Black Economic Empowerment (BEE) policy. It is the 5th element of the BEE Scorecard for both Qualifying Small...

by Dominique van Deventer

Understanding socio-economic development as BEE element

Recent High Court case clarifies fronting practices

Given the serious consequences of fronting practices, it is vital that businesses carefully review their existing and future B‑BBEE initiatives including B‑BBEE ownership structures to...

by Pieter Steyn

Recent High Court case clarifies fronting practices

Competition Code of Conduct for the automotive sector: Calls for submissions

On 22 September 2017, the Competition Commission published for comments its Draft Competition Code of Conduct for the Automotive Industry. Comments must be submitted by...

by Jennifer Finnigan

Competition Code of Conduct for the automotive sector: Calls for submissions

Registration of B-BBEE transactions

On 9 June 2017, the Minister of Trade and Industry published the final threshold for the registration of major Broad-Based Black Economic Empowerment (“B-BBEE”) transactions...

by Greg Shapiro and Nikhil Lawton-Misra

Reviewed mining charter published amid threats of court application to stop its implementation

The Reviewed Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, 2017 (the 2017 Mining Charter) was published on 15 June...

by Wandisile Mandlana, Charles Young and Claire Tucker

Reviewed mining charter published amid threats of court application to stop its implementation

South Africa: New procurement regulations promote Broad Based Black Economic Empowerment

New regulations in terms of the Preferential Procurement Policy Framework Act (“PPPFA“) have been published and will take effect from 1 April 2017. The regulations...

by Pieter Steyn

Black ownership as a requirement for doing business with government

The South African Preferential Procurement Regulations (PPR) are the legal basis for BBBEE and black ownership preferment by the State when they do business. The...

by Claire Tucker

Black ownership as a requirement for doing business with government

Revised Construction Sector Code deconstructed

The DTI issued the draft Amended Construction Sector Code for public comment (Revised Construction Sector Code) on 28 October 2016. The purpose of the Revised...

by Lauren Wilson and Verushca Pillay

Long-awaited B-BBEE thresholds published

In a previous newsflash, we highlighted the significant changes made to the broad-based black economic empowerment (“B-BBEE”) landscape in South Africa that were introduced by the...

by Sanjay Kassen

Long-awaited B-BBEE thresholds published

Recent changes to the BEE landscape

There have been several changes to the BEE regulatory landscape in the past 24 months or so. This document summarises the key changes. Amendments to the...

by Verushca Pillay

New B-BBEE regulations demand greater transparency and scrutiny

Over the past year, the broad-based black economic empowerment (“B-BBEE”) landscape in South Africa has been completely overhauled and has become more stringent. Among the...

by Sanjay Kassen and Parusha Desai Valodia

New B-BBEE regulations demand greater transparency and scrutiny

Notification of Major BEE Transactions and Annual Reporting to the BEE Commission

The Minister of Trade and Industry published the final Broad-Based Black Economic Empowerment Regulations in terms of the Broad-Based Black Economic Empowerment Act (BEE Act) in...

by Ashleigh Hale

Notification of Major BEE Transactions and Annual Reporting to the BEE Commission

Home is where the mine is – Housing rights for mine workers

On 15 April 2016, the Minister of Mineral Resources published the draft Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals...

by Ntebaleng Sekabate

Home is where the mine is – Housing rights for mine workers

Revised Aligned ICT Sector Code Now Published For Public Comment

The Minister of Trade and Industry (Minister) published a draft aligned ICT sector code for public comment in the Government Gazette on 24 February 2016. Five days...

ICT Sector Code

What is the new B-BBEE scorecard and how does it work?

The new B-BBEE scorecard came into effect in 2013. Although the basic principles of BEE are still intact, the elements of the scorecard, it weightings...

by Go Legal

The skills development pillar of the revised Codes Of Good Practice explained

One of the most important changes in the Revised Codes of Good Practice (RCoGP) is that there are now three priority pillars: Ownership; Skills Development;...

by Wanda Moraka

Skills Development

BEE SCORING

2013 BEE CODES	BEE STATUS	PROCUREMENT RECOGNITION
100+	1	135%
95-100	2	125%
90 - 95	3	110%
80 - 90	4	100%
75 - 80	5	80%
70 - 75	6	60%
55 - 70	7	50%
40 - 55	8	10%