QUARTERLY INDUSTRY NORM STATISTICS PUBLISHED
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THE
BEECHAMBER
DAILY NEWS
Statistics South Africa is the source used to determine the Net Profit After Tax (NPAT) for calculating the targets for Enterprise...
Weekly Newsletter
- Mar 19
- 1 min
LEVIABLE AMOUNT – HOW IS IT DETERMINED?
An organisation’s Leviable Amount is defined in the fourth schedule of the Income Tax Act. It is the total amount of remuneration, paid...
64 views
Weekly Newsletter
- Mar 19
- 1 min
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...
62 views
Weekly Newsletter
- Mar 13
- 1 min
REVIEWED PROFESSIONAL REGISTRATION COUNCILS
As per Schedule 1 of the Amended Construction B-BBEE Sector Codes of Good Practice, “Professionally Registered Person” Or “Registered...
69 views
Weekly Newsletter
- Mar 13
- 1 min
CSCC TECHNICAL REVIEW COMMITTEE – PRACTICE NOTE 0002A
There have been numerous instances whereby B-BBEE Rating Agencies have sought to misinterpret the provisions of the Amended Construction...
48 views
Weekly Newsletter
- Mar 13
- 1 min
REPORTING NOTICE 01 OF 2024
The Financial Sector Transformation Council (FSTC) has recently issued a Formal Notice calling for the submission of B-BBEE Reports for...
41 views
Weekly Newsletter
- Mar 6
- 1 min
MIND THE GAP
A Needs Analysis is a formal, systematic process to identify and evaluate an organisation's business needs. It is specific to an...
29 views
Weekly Newsletter
- Mar 6
- 1 min
SKILLS DEVELOPMENT BONUS POINTS
The 5 Bonus Points for Skills Development in exchange for meeting Absorption targets can meaningfully impact an organisation’s overall...
52 views
Weekly Newsletter
- Mar 6
- 1 min
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...
54 views
Weekly Newsletter
- Feb 27
- 1 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...
39 views
Weekly Newsletter
- Feb 27
- 1 min
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...
43 views
Weekly Newsletter
- Feb 27
- 1 min
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....
49 views
Weekly Newsletter
- Feb 21
- 1 min
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...
29 views
Weekly Newsletter
- Feb 21
- 1 min
TIMING OF ABSORPTION
The Department of Trade Industry and Competition (the dtic) released clarification notes a while ago in a questions and answers format as...
106 views
Weekly Newsletter
- Feb 21
- 1 min
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...
73 views
Weekly Newsletter
- Feb 14
- 1 min
INFORMAL TRAINING | CATEGORY G
Informal training is the means that many organisations use to drive their Skills Development mandate. Category G is Informal Training...
57 views
Weekly Newsletter
- Feb 14
- 1 min
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...
34 views
Weekly Newsletter
- Feb 14
- 1 min
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 have...
49 views
Weekly Newsletter
- Feb 8
- 1 min
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...
38 views
Weekly Newsletter
- Feb 8
- 1 min
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 Numerical...
68 views
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