Articles

PROPOSED AMENDMENTS TO B-BBEE CODES:
A DOUBLE-EDGED SWORD FOR TRANSFORMATION?

If the rules for earning B-BBEE points were to change tomorrow, how would it impact your business strategy? The latest draft amendments to the B-BBEE Codes introduce a bold proposal - a Transformation Fund that could allow companies to contribute 3% of Net Profit After Tax instead of running their own Enterprise and Supplier Development programmes.For some businesses, this may simplify compliance, for others, it could fundamentally reshape their transformation strategy.But the real question is: Would this strengthen your current B-BBEE strategy or force a rethink?

Find out what the proposed changes could mean for your business. Please click here to read the full insight....

Empowerdex position paper on the Starlink and Equity Equivalent issue.

This Position Paper examines the legal and regulatory framework governing Equity Equivalent Investment Programmes (EEIPs) in South Africa, with specific focus on their application to Starlink's operations in the country. The paper analyses the complex interplay between the Broad-Based Black Economic Empowerment Act (B-BBEE Act), the Electronic Communications Act (ECA), and the Mineral Resources Development Act (MRDPA), highlighting the legal precedence established by the "Trumping provision" of the Amended B-BBEE Act of 2013. ....Read more

Further Amendments to Statements 000, 300, 400 and Schedule 1

NOTES ON STATEMENT 000 – GENERAL PRINCIPLES AND THE GENERIC SCORECARD

Transitional Period

The amendments to Statement 000 are effective from 1 December 2019 (6 months from, the date of the Gazette)...Read More

2018 Most Empowered Companies Survey Results

The 2018 Most Empowered Companies Survey results are out, Empowerdex and its partners wish to congratulate Raubex Group, WBHO and Anys who achieved first, second and third place on the overall ranking for the entities measured in terms of the Amended Codes of Good Practice on BBBEE. Congratulations are also extended to FirstRand, Cargo Carriers and One Logix who were ranked in these positions based on the Old Codes of Good Practice. ... Read More

Empowerdex Most Empowered Companies Survey 2018 Methodolgy

Please take note of the Most Empowered Companies Survey 2018 Methodology...Read More

Practice Note For The Implementation of The Y.E.S (Youth Employment Service) Initiative

The practice note for the implementation of the Y.E.S (Youth Employment Service) Initiative has been issued in terms of the Amended Code Series 000, Statement 000 of the Amended Codes... Read More

Deadline for Reporting of B-BBBEE Transactions looming

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... Read More

Township economy plan needs to tackle skills deficit

Township SMMEs need skills development to tap unprecedented access to business opportunities in the state’s refocused procurement strategy, writes Matthew Govender...
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Lock-ins of black economic empowerment shareholders must become a thing of the past

THE FACE of Black Economic Empowerment (BEE) shareholder has evolved. From the politicaly connected elite in the early days of BEE dealing when in 1993 Sanlam disposed of its controlling stake in Metroplitan Life to the Late Dr Nthato Motlana's consortium New Africa Investments Limited, to South African's from all walks of life... Read More

Blacks in top posts 'should be JSE rule'

The Black Management Forum wants black representation to be one of the JSE listing requirements for companies... Read More

Skills Development spend could aid #FeesMustFall

The classic story of a black South African youth can be summarised as follows: complete matric, scramble between relatives to come up with the money required to pay registration fees, obtain a National Student Financial Aid Scheme (NFSAS) loan for those who are sufficiently poor, a bank loan or some or other way to fund the precious guarantee to a better future... Read More

Blacks in top posts 'should be JSE rule'

The Black Management Forum wants black representation to be one of the JSE listing requirements for companies... Read More

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LATEST PUBLICATIONS

2018 Most Empowered Companies Survey Results

The 2018 Most Empowered Companies Survey Results are out, Empowerdex and its partners wish to congratulate Raubex Group, WBHO and Any who achieved first, second and third place on the overall ranking for the entities measured in terms of the Amended Codes of Good Practice on BBBEE... Read More