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Black Economic Empowerment

Mining Charter heading for court over black ownership compliance

The Department of Mineral Resources and the mining industry disagree on the interpretation of the essence of the Mining Charter, which demands 26% black ownership of companies, and will approach the High Court to resolve the impasse.

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Transformation: A reflection on the intent in the revised codes…

The original objectives of B-BBEE were formed from the late 1990's to 2003, while the country, at a socio-political level, was driven by a Neoliberal model. There was an understanding that B-BBEE was predominantly focused on building and strengthening a middle class, rather than being a grass-roots poverty alleviation and access mechanism. This can be seen for example from the relatively low weighting given to socio-economic development.

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Compliance: How to comply with the new BEE codes - Part 3

BEE codes

In my last article on the new BEE codes and how you need to show compliance with these, I chatted about five of the most significant changes these amendments have ushered in, namely: that the regulations for exempted microenterprises (EMEs) and qualifying small enterprises (QSEs) have changed as have the nature of the BEE pillars, the need to become a 'value-adding' supplier and the number of qualifying points for each level. Here are the last four significant changes that Richard Pruett of Format Systems highlighted at a recent breakfast at CRS Technologies.

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Compliance: How to comply with the new BEE codes - Part 2

BEE codes

In last week's article on the recent changes to the BEE codes, I outlined why the codes have been redesigned and the compliance areas the new BEE codes focus on. Here are five more changes that are critical for you to know about because you'll need to show compliance with these.

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Compliance: How to comply with the new BEE codes - Part 1

BEE codes

BEE is becoming a really critical area for most businesses, particularly with the new codes, says Richard Pruett of Format Systems speaking at a breakfast seminar held at CRS Technologies. Unless you can show a supplier that you practise the level of BEE compliance they require, they won't even look at one of your proposals. Why do we need to have new BEE codes? Didn't the old ones work?

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