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Black Economic Empowerment

Latest News about Broad-Based Black Economic Empowerment (B-BEEE)

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.

Employment Equity Amendment Bill set to send ripples throughout South Africa’s business sectors

The closing date for comments on the Employment Equity Amendment Bill was set for Friday, 19 February. The Bill has been greeted with varying degrees of concern from companies around the country. Certain proposals contained within this draft are set for further …

Provided By Sabinet

Court overturns BBBEE pre-qualification

It has become a usual requirement for tenders to have pre-qualification criteria, especially including its BBBEE compliance level. The recent supreme court of appeal case, Afribusiness NPC v The Minister of Finance (Case no 1050/2019) [2020] ZASCA 140 (2 November…

Provided By SchoemanLaw Inc

by Nicolene Schoeman-Louw

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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%

Black Economic Empowerment

Latest News about Broad-Based Black Economic Empowerment (B-BEEE)

Employment Equity Amendment Bill set to send ripples throughout South Africa’s business sectors

Court overturns BBBEE pre-qualification

Gauteng looks to townships to help boost the economy and create jobs for citizens

Infrastructure investment under the spotlight

Fronting under the BBBEE Act

A marriage of for-profit and not for profit: An empowerment compliance dream? – Public Benefit Organisations

Draft Public Procurement Bill on track

Affirmative Action: Ten lessons learnt from recent case law

The Property Sector Transformation Code: Estate agent’s take note

Has the Mining Charter 3 brought some policy & regulatory certainty to the embattled mining & natural resources sector?