Archive | B-BBEE Act

BEE Matrix SA on the wrong side of B-BBEE

The B-BBEE Commission has found that BEE Matrix SA (Pty) Ltd issued B-BBEE certificates contrary to verification procedures and Codes of Good Practice, and BEE Matrix SA (Pty) Ltd has agreed to implement remedial recommendations made by the B-BBEE Commission, which include a full audit of B-BBEE certificates for 2015-2017 and refund of fees to […]

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No to B-BBEE Certificates that are not SANAS Accredited

The B-BBEE Commission advises entities and organs of state to reject B-BBEE certificates that have been issued by verification agencies or professionals who are not accredited by South African National Accreditation Systems (“SANAS”) as such B-BBEE certificates are invalid for lack of authority and mandate to issue them. A list of SANAS Accredited agencies is […]

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No need to fear new B-BBEE codes

The new B-BBEE codes are here and many businesses will have to find a black shareholder if they wish to maintain their BEE status and benefits at anywhere near the level they currently enjoy. This is according to Pula Capital Partners, a BEE private equity partner for companies seeking an empowerment investment. The company says […]

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Lack of government entities’ cooperation hindering transformation – B-BBEE Commission

“It is extremely difficult to find a place for the so-called ‘once empowered always empowered’ in the situation where 20 years after the adoption of the Constitution of South Africa, so much disparity and economic divide exists; these were the Broad-Based Black Economic Empowerment (B-BBEE) Commission acting commissioner, Ms Zodwa Ntuli’s sentiments. Further, this occurs […]

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Posted in B-BBEE, B-BBEE Act, Business, Government, Prefferential Procurement, SMMEs0 Comments

Net Value Holdings ordered to stop B-BBEE sessions with immediate effect

The Broad-Based Black Economic Empowerment (B-BBEE) Commission has instructed Net Value Holdings, the organiser of the B-BBEE sessions with the title “B-BBEE PARTNERSHIP TAILORED TO YOUR BUSINESS” planned for 22 September 2016 in Johannesburg, and 6 October 2016 in Cape Town, to cancel the sessions with immediate effect.  The sessions were advertised promising to provide […]

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Drive to sell amended B-BBEE Act to the public intensifies

The campaign to inform the public of the Broad–Based Black Economic Empowerment (B-BBEE) Amendment Act is proving to be a success, says the Department of Trade and Industry. The Director responsible for Compliance at the B-BBEE Commission, Busisiwe Ngwenya, said the campaign is an important tool in empowering society. “In all the three sessions that […]

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Transforming the MAC industry through education

By Beverly Klein On Thursday 9 June in Cape Town and on 13 June in Johannesburg, the Red & Yellow School hosted information sessions to address the changes and updates to the B-BBEE Sector Code for the South African Marketing, Advertising and Communications (MAC) industry. BEE is focused on transformation, and that’s exactly what the […]

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Significance of ‘token’ BEE shares reduced

For many years it has been very easy for corporations to achieve compliance with Broad Based Black Economic Empowerment (BBBEE) codes. All they have had to do is to mobilise a  community and offer it token shares to score high ratings. This worked for years, as they used their scores to conveniently secure business from […]

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BEE’s forced business marriages counterproductive – NESA CEO

In a holds-no-barreled tone, Gerhard Papenfus, chief executive of the National Employers’ Association of South Africa (NESA), highlights the institutional barriers which the culture of Black Economic Empowerment (BEE) has put placed on the growth and development of white owned small and medium businesses. In an article, has argues: “Forced business marriages, made for the […]

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Lomnin’s contentious BEE deal divides a North West village

The high profile court case in the North West has underlined the significance of chiefs seeking the consensus of members of their communities first before entering into agreements. Members of the Bapo ba Mogale Community are divided over a black economic empowerment deal with Lomnin. In December 2014, Lomnin pushed a R644-miillion empowerment deal with […]

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Posted in B-BBEE Act, Mining0 Comments

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