News

Dear Valued clients,The DTI has issued notice 748 of 2016 (Thresholds for major B-BBEE Transactions). In terms of this notice, the DTI has proposed that All major B-BBEE ownership transactions, as per code 100 of the Codes of Good Practice as amended, which equals or exceeds R100 million, calculated by either combining the annual turnover of both entities or their assets value, must be registered with the BBBEE Commission. In addition to this, all major B-BBEE ownership transactions concluded on or after 24 October 2014, but before the final publication date of this notice, which equal or exceed the proposed…
Friday, 04 November 2016 09:51

Empowering Supplier Status Put on Hold

Dear Valued clients,Please take note of the latest gazetted notice from the DTI regarding the Empowering Supplier Status. The notice allows all companies to be deemed as Empowering Suppliers until further notice. This means that all companies scorecards will count for procurement purposes regardless of their actual Empowering Supplier Notice. If you have a current certificate where you did not qualify as an Empowering Supplier, there will be no need to update your certificate as you will be deemed to be an Empowering Supplier.For any further queries, please contact your nearest Empowerdex office.Best regards,Empowerdex Team 
Sunday, 16 October 2016 16:28

Most Empowered Companies 2016

Dear Valued Client,Most Empowered Companies 2016 For over a decade Empowerdex has researched, listed and published The Most Empowered company’s results, showing the overall ranking of SA’s listed companies, according to their Black Economic Empowerment scores. This year is no different, especially with the effects of the amended BEE codes of good practice now being implemented by many companies. Published by Independent Newspapers’ Business Report on the 7th of August, the top 10 Most Empowered Companies were announced for 2016. The full report was published on 16th October, consisting of a list of the Most Empowered Companies as verified against…
Dear valued client,The BEE Commission has recently released two practice guides. Practice Guide One covers the issue of recognition of Third Party Procurement, and Practice Note Two (hyper link above 02) addresses certificates for EME’s and black-owned QSE’s. Recognition of Third Party ProcurementThe recognition of third-party procurement is dependent on how the service provider recognizes that revenue in their books. The example given by the BEE Commission was as follows:Entity A (a car rental company) ⇒ Entity B (a travel agent) ⇒ Entity C (the measured entity). Entity B facilitates car hire from Entity A for Entity C, for R15,000.…
Thursday, 23 June 2016 10:44

Preferential Procurement Regulations

Dear valued client,The Draft Preferential Procurement Regulations have been released for public comment. All comments received by the 15th of July 2016 will be considered by Treasury. Comments should be emailed to This email address is being protected from spambots. You need JavaScript enabled to view it. and enquiries may be directed to Leanda Kleinbooi on phone number 012 315 5715.There is one major departure from the 2011 Preferential Procurement Regulations, in that the 80/20 principle (80 points for price, 20 points for B-BBEE level) now applies to any tender under R100m, whereas this principle applied to any tender under R1m in the 2011 Regulations. This points to a far greater focus on the…
Broad-Based Black Economic Empowerment Regulations and Government Notice relating to the granting of the Industrial Development Corporation B-BBEE Facilitator Status Published Dear Valued Client The Minister of Trade and Industry has published the Broad-Based Black Economic Empowerment Regulations. This is in respect of the administration and implementation of the Broad-Based Black Economic Empowerment Act and sets out the functions of the Commission. Please find more information on the Gazette No. 40053. The Minister of Trade and Industry has also published a Government Notice relating to the granting of the Industrial Development Corporation B-BBEE Facilitator Status. Public comments are invited till…
Dear Valued ClientMAC Sector Code Finalised and draft amended Transport Sector Code issued for public commentsThe final amended Marketing, Advertising and Communications (MAC) Sector Code was published in the Government Gazette on 1 April 2016 and thus became effective for application for companies in that sector from that date, i.e. no transitional period is applied.Herewith is the link for this sector code: MAC Sector Code Gazette 39887The draft amended Transport Sector Code has been gazetted in terms of Section 9 (5) of the Broad Based Black Economic Empowerment (B-BBEE) Act 53 of 2003 as amended by B-BBEE Act 46 of…
Friday, 18 March 2016 12:51

Draft Amended FS Code

Dear Valued ClientPlease find draft amended FS Code published for public comments Gazette No 39818. Commentary period is 60 days from publication date, and your comments can be forwarded in writing for the attention of Mr Jacob Maphutha and Ms Mologadi Leshiba email address This email address is being protected from spambots. You need JavaScript enabled to view it.. Should you require a session with our advisory team to discuss the implications for your business, please do contact your nearest office.Empowerdex Team
Tuesday, 01 March 2016 13:51

Eventful Two Months in BEE

Dear Valued Clients,The first two months of the year have been very eventful from the BEE side. A number of important gazettes have been passed that have a bearing on many of our clients, and this is a summary of what has been released from the DTI to date. The first gazette is the repeal of two sector codes; the next are draft regulations for public comment, and the last gazettes for February being draft sector codes for public comment:Repeal of Chartered Accountancy and Construction Sector Codes:The Department of Trade and Industry (dti) has repealed the Chartered Accountancy and Construction…
Dear Valued Client,The Department of Trade and Industry has issued the amended Tourism Sector Code, in terms of Section 9 (1) of the B-BBEE Act 53, effective immediately. All entities requiring a rating within the tourism sector, will need to adhere to this gazette.Further to this, a draft of the AgriBEE Sector Code has been released and the public has been invited to comment for a period of 60 days. Details on where to send any written correspondence can be found on the first page of this document.Should you need any further clarity on the above two sector codes, please…
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