Broad Based Black Economic Empowerment Advice and Planning

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B-BBEE

BBBEE Compliance and Cost Relief

Start-ups and small businesses with an annual turnover of R 10 million or less (being an Exempted Micro Enterprises or “EME”) automatically qualify for a Level 4 B-BBEE rating. Businesses with an annual turnover of between R 10 million and R 50 million (being a Qualifying Small Enterprises or “QSE”) have the benefit of enhanced […]

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fronting

BBBEE Fronting Practices – Recent Clarification

According to the Department of Trade and Industry (“DTI”), fronting means a deliberate circumvention or attempted circumvention of the Broad-Based Black Economic Empowerment Amendment Act No. 46 of 2013, as amended, (the “Act”) and the Codes. The Act introduced the definition of “fronting”, a concept which had previously been based on the common law criminal concept of […]

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BBBEE

Rapport: Interview with Nicolene Schoeman-Louw – Duvha bekyk oor Chinese

Nicolene Schoeman-Louw was interviewed in the Rapport Newspaper, published on 13 August 2017. The piece is about B-B BEE trusts and how to construct them in line with the legislation. It also deals with the consequences where this is not done. <read more>

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Understanding “Skills Development” for BBBEE purposes

Understanding Skills Development is no longer only a nice-to-have, it is a necessity for all companies.  Skills Development has always been regarded as an important pillar for economic success and stability, however, with practical issues, like a lack of access to funding, facing South Africa, other avenues had to be explored to upskill and bridge […]

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New Mining Charter – Are You ready?

The Department of Mineral Resources (“DMR”) has recently released an updated draft of the Reviewed Broad-Based Black-Economic Empowerment Charter for the South African Mining Industry, 2016 (“Reviewed Mining Charter”). The reviewed mining charter provides directives on how mines should transform in order to comply with the revised Broad-Based Black Economic Empowerment Act, No. 53 of […]

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