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THE
BEECHAMBER

DAILY NEWS


LEARNERSHIPS, INTERNSHIPS AND APPRENTICESHIPS UNDER SKILLS DEVELOPMENT
Learnerships, internships, and apprenticeships are all forms of Skills Development Initiatives that can contribute to a company's B-BBEE...
Newsletter Editor
3 days ago3 min read
26 views


CLAIMING SKILLS DEVELOPMENT EXPENDITURE
Based on Statement 300 of the General Amended B-BBEE Codes of Good Practice , an organisation can only claim Skills Development...
Newsletter Editor
3 days ago1 min read
17 views


LEGAL SECTOR CHARTER COUNCIL HAS BEEN ESTABLISHED
On 22 April 2025, the Legal Sector Charter Council (LSCC) was established. Part of the Notice included the following: “The LSCC will...
Newsletter Editor
3 days ago1 min read
29 views


FRONTING PRACTICES | THE IMPACT ON COMPLIANCE AND ECONOMIC TRANSFORMATION
In the realm of economic empowerment, Broad-Based Black Economic Empowerment (B-BBEE) stands as a cornerstone initiative aimed at...
Newsletter Editor
Apr 243 min read
18 views


FREEDOM DAY
On Sunday, 27 April 2024, we commemorate Freedom Day. Freedom Day is the commemoration of the first democratic elections held in South...
Newsletter Editor
Apr 241 min read
11 views


THE INTERSECTION OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT AND SOCIAL JUSTICE IN SOUTH AFRICA
In South Africa, the concept of Broad-Based Black Economic Empowerment (B-BBEE) is intrinsically linked with the broader ideals of...
Newsletter Editor
Apr 92 min read
17 views


CONFIRMING JOB CREATION
Clause 2.4.2 of Statement 400 of the Amended General B-BBEE Codes of Good Practice allocates Bonus Points for creating one or more jobs...
Newsletter Editor
Apr 91 min read
19 views


FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Statuses. They not only go...
Newsletter Editor
Apr 91 min read
26 views


A COMPREHENSIVE GUIDE TO PROACTIVE B-BBEE VERIFICATION PREPARATION AND PLANNING AHEAD
In the ever-changing landscape of business, Broad-Based Black Economic Empowerment (B-BBEE) Verification plays a crucial role in...
Newsletter Editor
Apr 32 min read
59 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
Apr 31 min read
64 views


VALIDITY OF B-BBEE STATUSES
At the time of a B-BBEE Verification, many organisations fail to produce updated B-BBEE Statuses from their suppliers especially those...
Newsletter Editor
Apr 31 min read
59 views


A SAMPLE OF EVIDENCE
A B-BBEE Verification is based on a sampling of evidence and an element of risk. In other words, the process of analysing less than 100%...
Newsletter Editor
Apr 31 min read
63 views


Broad-Based Black Economic Empowerment and Employment Equity: A Synergistic Approach for Economic Transformation in South Africa
In South Africa, the pursuit of economic transformation and social justice has been a paramount goal since the dawn of democracy....
Newsletter Editor
Mar 252 min read
115 views


Proposed Sectoral Targets
Over the last few weeks, consultation sessions were held between Industry Stakeholders and the Department of Employment & Labour on the...
Newsletter Editor
Mar 251 min read
122 views


THE BENEFITS OF ENTERPRISE AND SUPPLIER DEVELOPMENT IN SOUTH AFRICA
Broad-Based Black Economic Empowerment (B-BBEE) is a transformative policy aimed at increasing the participation of Black South Africans...
Newsletter Editor
Mar 122 min read
79 views


EVIDENCE TO SUPPORT AN ENTERPRISE DEVELOPMENT LOAN
The most critical element of an Enterprise Development Loan is that it is a loan and not a grant disguised as one. An organisation must...
Newsletter Editor
Mar 121 min read
72 views


CAN A MEASURED ENTITY RECEIVE POINTS FOR AN INITIATIVE WITH NO EVIDENCE?
At the time of B-BBEE Verification , a Measured Entity needs to produce all relevant evidence or documentation to substantiate their...
Newsletter Editor
Mar 121 min read
75 views


THE SIGNIFICANCE OF ALIGNING B-BBEE STRATEGY WITH BUSINESS GOALS
Promoting diversity, equality and inclusivity can be seen as more than just a moral imperative, but also as a strategic necessity for...
Newsletter Editor
Feb 252 min read
67 views


ENTERPRISE DEVELOPMENT THIRD-PARTY FACILITATION
ABC Traders decides to use a third-party facilitator to distribute Enterprise Development funds to Beneficiaries. The money to the...
Newsletter Editor
Feb 251 min read
80 views


INTERNATIONAL WOMEN'S DAY
International Women's Day on March 8th is an occasion to celebrate the achievements and contributions of women worldwide while also...
Newsletter Editor
Feb 251 min read
61 views
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