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THE
BEECHAMBER

DAILY NEWS

KEY HIGH-LEVEL DIFFERENCES OF THE LEGAL B-BBEE SECTOR CODES OF GOOD PRACTICE
With the release of the Legal B-BBEE Sector Codes of Good Practice on Friday, 20 September 2024, many are still trying to unpack how...
Newsletter Editor
Oct 15, 20242 min read
140 views


SACP/COSATU OPPOSE MFM/IRR’S CALLS FOR BEE SCRAPPING
Bongani Hans | 14 October 2024 THE Free Market Foundation (FMF) has joined the chorus of critics who deem the Broad-Based Black Economic...
BEE NEWS
Oct 15, 20244 min read
15 views


CORONATION FUND MANAGERS TO BOOST ITS BLACK EMPOWERMENT OWNERSHIP LEVEL TO OVER 51%
Edward West | 14 October 2024 Coronation Fund Managers plans to grow its Black Economic Empowerment (BEE) from a 31% ownership level to...
BEE NEWS
Oct 15, 20243 min read
114 views


TITO MBOWENI LEAVES A STELLAR LEGACY BEHIND
Thando Nondywana | 14 October 2024 Tito Mboweni 'conducted himself with expert rigour while maintaining the personable touch that made...
BEE NEWS
Oct 14, 20243 min read
9 views

QUARTERLY INDUSTRY NORM STATISTICS PUBLISHED
Statistics South Africa is the source used to determine the Net Profit After Tax (NPAT) for calculating the targets for Enterprise...
Newsletter Editor
Oct 8, 20241 min read
101 views

YOUTH EMPLOYMENT SERVICE NPC (YES) ANNUAL REPORT RELEASED
The Youth Employment Service NPC recently released its 2024 Annual Report with some exciting results. YES concluded its last financial...
Newsletter Editor
Oct 8, 20241 min read
79 views

NOTICE TO LEGAL PRACTITIONERS ON THE LSC
On 03 October 2024, the Legal Practice Council issued a Notice of Frequently Asked Questions on the Legal B-BBEE Sector Codes of Good...
Newsletter Editor
Oct 8, 20241 min read
97 views


AUDITOR-GENERAL’S FINDINGS: NSF FAILS TO PROVIDE EVIDENCE FOR SKILLS DEVELOPMENT FUNDING
Mayibongwe Maqhina | 4 October 2024 The National Skills Fund (NSF) failed to provide audit evidence showing that the skills development...
BEE NEWS
Oct 7, 20243 min read
19 views


PARTIES WELCOME ARRESTS OF NJM DIRECTORS
Bongani Mdakane | 7th October 2024 Political parties have welcomed the arrest of the directors of the Joburg-based engineering company...
BEE NEWS
Oct 7, 20242 min read
28 views


DARK CLOUD OVER SOUTH AFRICAN COMMUNICATIONS INDUSTRY
Jan Vermeulen | 2 October 2024 For three and a half years, regulations that would compel all network and Internet service providers to...
BEE NEWS
Oct 7, 20245 min read
23 views


DIRECTORS OF ESKOM, SASOL’S SUPPLIER BUSTED FOR BEE FRAUD, FRONTING
Bongani Mdakane | 3rd October 2024 Six directors of the Gauteng-based firm NJM Treatment and NDE Services (NJM) have appeared at Palm...
BEE NEWS
Oct 4, 20242 min read
131 views


SKILLS DEVELOPMENT, AND THE RENEWABLE ENERGY SECTOR’S WORKER NEEDS, ARE MISALIGNED IN SOUTH AFRICA
Rebecca Campbell | 3 October 2024 That South Africa, in general, and the renewable-energy sector in particular, need skills development,...
BEE NEWS
Oct 4, 20242 min read
13 views


ARCELORMITTAL SOUTH AFRICA WORKS TO ADDRESS SKILLS GAP THROUGH ARTISAN TRAINING
Sabrina Jardim | 1 October 2024 With South Africa facing a critical shortage of skilled and qualified artisans and engineers, steel ...
BEE NEWS
Oct 3, 20243 min read
10 views


UNIVERSITIES NEED TO BETTER ADDRESS GENDER INEQUALITY, REPORT SAYS
Umamah Bakharia | 1 October 2024 Institutions of higher learning need to recruit more women and people with disabilities to achieve the...
BEE NEWS
Oct 3, 20243 min read
11 views


EMPLOYMENT AND LABOUR BLITZ INSPECTIONS AND RAIDS YIELD RESULTS
SA News | 1 October 2024 The Department of Employment and Labour’s joint blitz inspections and raids have yielded significant results,...
BEE NEWS
Oct 2, 20244 min read
19 views


WILL SA’S 20,000 NEW RACE INSPECTORS HAVE TO REINVENT THE PENCIL TEST?
Gabriel Crouse | 30 September 2024 A massive new effort at racial inspection is afoot. In a country with far too few jobs, is this where...
BEE NEWS
Oct 2, 20245 min read
15 views


A NATIONAL MINIMUM WAGE HIKE WILL DEEPEN SOUTH AFRICA’S UNEMPLOYMENT CRISIS
DA | 30 September 2024 The Democratic Alliance (DA) has submitted comments to the National Minimum Wage Committee opposing any proposed...
BEE NEWS
Oct 1, 20242 min read
7 views


CONTRACTS MUST SUPPORT THE EVIDENCE REQUIRED
A B-BBEE Verification is based on the evidence presented. Therefore, when entering into an agreement with a Beneficiary, a contract must...
Newsletter Editor
Sep 30, 20241 min read
49 views


THIRD-PARTY PAYMENT INTERVENTION
The rule of thumb in claiming B-BBEE points is to follow the money directly to the end Beneficiary. Therefore, incorporating a third...
Newsletter Editor
Sep 30, 20241 min read
52 views


ENHANCED RECOGNITION – IS IT TRUE ‘BLACK’ OWNERSHIP?
The below Q & A was published on the dtic Website under the B-BBEE FAQs regarding B-BBEE Sworn Affidavits for EMEs and QSEs with more...
Newsletter Editor
Sep 30, 20241 min read
66 views
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