News

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
Dear Sir/Madam,As a follow up on our communication as was sent through on the 14th of June 2017 regarding Major BEE Transactions please see the hyperlink below for an explanatory notice related by the B-BBEE Commission. This notice explains how to register/submit your deals.Explanatory Notice 1of 2017 B-BBEE Transactions RegistrationRegardsEmpowerdex Team
Monday, 19 June 2017 11:58

Mining Charter

Dear Sir/Madam,The Department of Mineral Resources (‘DMR’) has released the final Broad-Based Black Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2017. This charter is effective immediately for the industry. The charter guides the current mineral rights holders and well as prospective rights holders on issues around transformation and empowerment. It must be noted that this is not gazetted in terms of the BEE Act but rather under the Minerals and Petroleum Resources Development Act of 2002, therefore cannot be used for procurement purposes in other sectors. Mining companies will be required to provide a generic BEE…
Wednesday, 14 June 2017 09:04

Threshold For Major B-BBEE Transactions

Dear Sir/Madam,Minister Rob Davies has signed the notice in respect of Major B-BBEE transactions in terms of B-BBEE ownership. All major B-BBEE transactions are required to be registered with the B-BBEE Commission. This refers to all transactions whose transaction value is equal to or exceeds R25 million. Those transactions which were entered into on or after 24 October 2014 but before 9 June 2017 must be registered with the B-BBEE Commission within 60 days of the attached notice.RegardsEmpowerdex Team
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…
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