News

Dear valued client,Please find attached correspondence released by the BEE Commission with regards to whom may issue certificates and what is acceptable. Please consider this carefully when receiving certificates from your suppliers for your procurement purposes.Please contact your nearest Empowerdex branch should you have any questions.Kind regards,The Empowerdex Team
Dear valued client,Please find attached the newly released mining charter for public comment. Please do not hesitate to contact your nearest Empowerdex branch should you have any questions.Kind regards,The Empowerdex Team
Dear valued client,Please find attached hereto a second draft for public comment released by the Department of Trade and Industry on the 15th of June 2018. The proposed changes and/or updates dealt with herein refers to some of the definitions within the Generic Codes of Good Practice of 11 October 2013 as well as scoring and methodology under Code Series 400 (Enterprise and Supplier Development). The public commentary period will be running for 60 days. Please do not hesitate to contact your nearest branch should you have any questions.Kind regards,The Empowerdex Team
Please see a proposed revision of the Codes of Good Practice, in particular, Statement 000 (General Principles), as well as Code 300 (Skills Development). This is open for public commentary for sixty days, commencing on the 29th March 2018. Key Amendments under Statement 000: Enhanced recognition for Black-Owned entities. This amendment proposed that 51% Black-owned, as well as 100% Black-Owned entities can receive an automatic B-BBEE Level 2 and Level 1 recognition level, respectively. They only need to supply an ownership verification certificate, ensuring that the ownership is calculated on the flow through basis, not utilising any enhancements or deemed…
Monday, 11 December 2017 10:36

New Agri Sector Codes

Dear valued client, Following shortly on the new Financial and Construction Sector codes, last week saw the new Agri Sector Codes being Gazetted. Please find attached a copy thereof. These codes are effective immediately from the date of publication which was the 8th of December 2017. This means that any verification that is signed off after the date of publication must be based on the new codes. Any verification signed off prior to the 8th of December 2017 will still be valid for the validity period of the certificate. Please do not hesitate to contact your nearest Empowerdex branch for…
Tuesday, 05 December 2017 10:24

New Construction and FSC codes

Dear valued client,The Amended Sector Codes for the Construction & Financial Services sectors have been gazetted. Please find attached a copy of each. These codes are effective immediately from the date of publication which is the 1st of December 2017. This means that any verifications that are signed off after date of publication must be done so on the new codes. Any verification signed off prior to the 1st of December 2017 will be valid for the validity period of the certificate. The construction sector has however indicated that anyone that recently has completed a verification using the new generic…
Monday, 06 November 2017 12:43

Amended Sector Codes

Dear valued client, Three Amended Sector Codes have been approved by Cabinet recently. Please refer to the link below. The relevant paragraph is 11.2. http://www.thepresidency.gov.za/cabinet-statements/statement-cabinet-meeting-wednesday%2C-1-november-2017 11.2. Cabinet supported the proposed amendments of the three B-BBEE Sector Codes. The amendments address sector challenges and peculiarities on transformation that would otherwise not be addressed fully by the generic codes. The three sectors are in Agriculture, Finance and Construction. The proposed amendments have been canvassed with the relevant stakeholders. All the amended sector codes will be gazetted. The Minister of Trade and Industry still has to approve (sign) the gazette before it can…
Wednesday, 27 September 2017 13:16

BEE Commissioner Submissions Reminder

Dear JSE Listed Client, This is a reminder for your submissions of your BEE certificates and reports to the BEE Commissioner in terms BEE Regulations as gazetted in 2016. Please find the form that you need to submit with your information, within the following timelines: Within 90 days of the end of your financial year or, If the certificate is included in your Annual Financial Report, then within 30 days of the publication of such – including your Annual Report. Please also note the changes in the JSE listings requirements related to your BEE certificate publication. Our analysts and managers…
Dear Valued Client, On 12 June 2017, the office of the B-BBEE Commissioner issued notice 1 of 2017 in respect of Regulation 18 of the B-BBEE Regulations. In terms of this regulation, where a party enters into a major B-BBEE (Major means transaction value exceeding R25 mil) it must, within fifteen (15) days of concluding the major B-BBEE transaction, submit that transaction to the B-BBEE Commission in the prescribed FORM B-BBEE 18 (https://bbbeecommission.co.za/wp-content/uploads/2017/06/FORM-BBBEE-18-Major-B-BBEE-Transaction.pdf) to comply with section 13F (1) (f) of the Act. This means that, Major B-BBEE transactions concluded from 9 June 2017 must be registered within fifteen (15)…
Monday, 24 July 2017 11:16

SD Learnerships

Dear Valued Client, Please find attached an Opinion Response received from the Bee Commissioner on Skills Development and more specifically Category B,C and D Learnerships. Note that this question was not raised with the Commissioner by Empowerdex but by another unrelated party. We do however think it is important to note for planning purposes. Please do not hesitate to contact us should you have any questions. Kind regards,The Empowerdex Team
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