%AM, %19 %457 %2017 %11:%Jun

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…
%AM, %14 %336 %2017 %09:%Jun

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…
%AM, %04 %368 %2016 %09:%Nov

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 
%PM, %16 %644 %2016 %16:%Oct

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.…
%AM, %23 %406 %2016 %10:%Jun

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…
%PM, %18 %493 %2016 %12:%Mar

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
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