UNINCORPORATED JOINT VENTURES
Statement 000, Clause 7 of the General Amended B-BBEE Codes of Good Practice makes the following references: “7. Eligibility of Joint...
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THE
BEECHAMBER
DAILY NEWS
Andrew Bizzell
2 hours ago2 min
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...
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Andrew Bizzell
Oct 81 min
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...
57 views
Andrew Bizzell
Oct 81 min
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...
45 views
Andrew Bizzell
Oct 81 min
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...
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Andrew Bizzell
Sep 301 min
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...
45 views
Andrew Bizzell
Sep 301 min
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...
43 views
Andrew Bizzell
Sep 301 min
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...
61 views
Andrew Bizzell
Sep 244 min
KEY CONCEPTS OF THE LEGAL B-BBEE SECTOR CODES OF GOOD PRACTICE
With the introduction of the Legal B-BBEE Sector Codes Of Good Practice , there are a few key concepts to take note of that differ from...
185 views
Andrew Bizzell
Sep 191 min
FOLLOW THE MONEY | SOCIO-ECONOMIC DEVELOPMENT CONTRIBUTIONS
Many organisations choose third party facilitators to distribute their Socio-Economic Development (SED) contributions, which B-BBEE...
94 views
Andrew Bizzell
Sep 191 min
MINISTER PARKS TAU APPROVES THE LEGAL SECTOR CODE IN TERMS OF SECTION 9 (1) OF THE B-BBEE ACT
The Minister of Trade, Industry and Competition ( the dtic ), Mr Parks Tau has approved the Legal Sector Code in terms of section 9 (1)...
97 views
Andrew Bizzell
Sep 101 min
PRACTICE GUIDE 01 of 2022
The B-BBEE Commission has over the years continued to be inundated with requests from various stakeholders to confirm validity of B-BBEE...
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Andrew Bizzell
Sep 101 min
EXPLANATORY NOTICE 02 OF 2024
In terms of section 13F (3) Broad-Based Black Economic Empowerment Act 53 of 2003 as amended by Act 46 of 2013, the Broad-Based Black...
76 views
Andrew Bizzell
Sep 101 min
EXPLANATORY NOTICE 01 OF 2024
The Broad-Based Black Economic Empowerment Commission has recently published Explanatory Notice 01 of 2024. This Explanatory Notice is...
104 views
Andrew Bizzell
Sep 41 min
CALCULATING TMPS
Total Measured Procurement Spend (TMPS) forms the basis of the calculation measuring an organisation's Preferential Procurement spend and...
104 views
Andrew Bizzell
Sep 41 min
SELECTING A B-BBEE RATING AGENCY
Ethics, skills & competence are at the top of the due diligence list when selecting a B-BBEE Rating Agency. Firstly, an organisation must...
50 views