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THE
BEECHAMBER

DAILY NEWS


SKILLS DEVELOPMENT BONUS POINTS
The 5 Bonus Points for Skills Development in exchange for meeting Absorption targets can meaningfully impact an organisation’s overall...
Newsletter Editor
Mar 6, 20241 min read


ENHANCEMENTS FOR SUPPLIER DEVELOPMENT BENEFICIARIES
Additional enhancements are available for organisations that procure from EMEs and QSEs with more than 51% ‘Black’ Ownership that are...
Newsletter Editor
Mar 6, 20241 min read


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
Feb 27, 20241 min read


THE RELEVANCE OF SCHEDULE 1
Paramount to the success of any B-BBEE Strategy is the holistic knowledge of the definitions and interpretations held in Schedule 1 of the Amended General B-BBEE Codes of Good Practice. The core reason is that definitions contained within other pieces of legislation, in some instances, differ from Schedule 1. Schedule 1 directs that: Interpretation of the B-BBEE Codes of Good Practice must be according to the provisions in Schedule 1 unless the context requires a differen
Newsletter Editor
Feb 27, 20241 min read


FOLLOW THE MONEY
Many organisations opt to use third parties in the implementation phase of their B-BBEE Strategy, which B-BBEE Legislation allows for....
Newsletter Editor
Feb 27, 20241 min read


MITIGATE THE RISK OF PROCURING ACROSS SECTORS
Critical points are lost on the Preferential Procurement Scorecard of many organisations, as they are unfamiliar with the requirements of...
Newsletter Editor
Feb 21, 20241 min read


TIMING OF ABSORPTION
The Department of Trade Industry and Competition ( the dtic) released clarification notes a while ago in a questions and answers format...
Newsletter Editor
Feb 21, 20241 min read


WHEN IS A LEARNER ABSORBED?
Often an unemployed learner shows incredible potential. Hence, organisations want to recruit them before the end of their 12-month...
Newsletter Editor
Feb 21, 20241 min read


INFORMAL TRAINING | CATEGORY G
Informal training is the means that many organisations use to drive their Skills Development mandate. Category G is Informal Training...
Newsletter Editor
Feb 14, 20241 min read


EXCLUDING VAT AS PART OF AN ORGANISATION’S TOTAL MEASURED PROCUREMENT SPEND
VAT is a Total Measured Procurement Spend (TMPS) exclusion as per Clause 6.1 of Statement 400 of the Amended Generic Codes of Good...
Newsletter Editor
Feb 14, 20241 min read


SANAS ACCREDITATION WITHDRAWAL
From time to time, the South African National Accreditation System (SANAS) publishes a list of B-BBEE Rating Agencies that no longer...
Newsletter Editor
Feb 14, 20241 min read


INCREASE TO THE NATIONAL MINIMUM WAGE
The Employment and Labour Minister recently announced an increase in the National Minimum Wage (NMW) to R27,58 per hour as of 1st March...
Newsletter Editor
Feb 8, 20241 min read


DRAFT REGULATIONS ON PROPOSED SECTORAL NUMERICAL TARGETS RELEASED
The Minister of Employment and Labour, Thulas Nxesi , has released a Notice regarding the Draft Regulations on Proposed Sectoral...
Newsletter Editor
Feb 8, 20241 min read


WHO HAS THE RIGHT TO SIGN A SWORN AFFIDAVIT?
The author or deponent of a Sworn Affidavit must be a duly represented registered Director / Owner / Shareholder / Member etc. of an...
Newsletter Editor
Jan 30, 20241 min read


EMPLOYEE BURSAR SALARY RECOGNITION
An organisation may not claim the salary for an Employee Bursar as part of its Bursary Programme. However, as per 2.1.1.2 of Statement...
Newsletter Editor
Jan 30, 20241 min read


ANNUAL SUBMISSIONS | WORKPLACE SKILLS PLANS & ANNUAL TRAINING REPORTS
For most SETAs, the deadline for submitting Workplace Skills Plans (WSPs) and Annual Training Reports (ATRs) is 30th April 2024. Where...
Newsletter Editor
Jan 30, 20241 min read


ENTERPRISE DEVELOPMENT ELEVATION TO SUPPLIER DEVELOPMENT IS ENCOURAGED, NOT MANDATORY
Organisations are encouraged to achieve Bonus Points by graduating an Enterprise Development Beneficiary to a Supplier Development one....
Newsletter Editor
Jan 23, 20241 min read


DEVELOPMENT IS MORE THAN MONEY
Whilst making a financial contribution to an Enterprise Development or Supplier Development Beneficiary is deemed a contribution, it does...
Newsletter Editor
Jan 23, 20241 min read


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
Jan 23, 20241 min read


THE DEFINITION OF “BLACK NEW ENTRANTS”
The concept of “Black New Entrants” is found under the Ownership scorecard whereby the Amended General B-BBEE Codes of Good Practice...
Newsletter Editor
Jan 15, 20241 min read
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