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THE
BEECHAMBER

DAILY NEWS

Newsletter Editor
Nov 19, 20241 min read
DO LARGE ENTERPRISES QUALIFY FOR EARLY PAYMENTS?
Early payments apply to Supplier Development Beneficiaries only. Clause 3.7 in Statement 400 of the Amended General B-BBEE Codes of Good...
35 views

Newsletter Editor
Nov 13, 20241 min read
DEFINITIONS OF A B-BBEE CONTROLLED COMPANY AND B-BBEE OWNED COMPANY
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, a B-BBEE Controlled and B-BBEE Owned Company is defined as...
62 views

Newsletter Editor
Nov 13, 20242 min read
HOW TO VERIFY THAT A B-BBEE RATING AGENCY IS ACCREDITED TO MEASURE A SPECIFIC CODE?
The SANAS Website publishes information on all accredited B-BBEE Rating Agencies, which, apart from the contact details, includes: o ...
48 views

Newsletter Editor
Nov 13, 20241 min read
UPDATED NOTICE TO LEGAL PRACTITIONERS ON THE LSC
On 29 October 2024, the Legal Practice Council issued an Updated Notice of Frequently Asked Questions on the Legal B-BBEE Sector Codes...
48 views

Newsletter Editor
Nov 5, 20241 min read
WHAT ARE THE RULES AROUND IMPORT EXCLUSIONS UNDER TMPS?
Under Statement 400 of the Amended General B-BBEE Codes of Good Practice , there are allowable exclusions when calculating Total Measured...
44 views

Newsletter Editor
Nov 5, 20241 min read
LEGITIMATE RECOGNISABLE TRAINING EXPENSES
Under Statement 300 of the Amended General B-BBEE Codes of Good Practice , clause 6 lists various Legitimate Recognisable Training...
36 views

Newsletter Editor
Oct 29, 20241 min read
A ‘VOTING RIGHT’ VS AN ‘EXERCISABLE VOTING RIGHT’
Schedule 1 defines a ‘Voting Right’ as a Voting Right attaching to an Equity Instrument owned by or held for a participant, measured...
65 views

Newsletter Editor
Oct 29, 20241 min read
FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Credentials. They not only...
64 views

Newsletter Editor
Oct 29, 20241 min read
WHAT IS THE DEFINITION OF A START-UP ENTERPRISE?
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice , a “Start-up Enterprise” means a recently formed or incorporated...
51 views

Newsletter Editor
Oct 22, 20241 min read
ENHANCED RECOGNITION FOR QSES
A QSE that is more than 51% Black Owned qualifies for Enhanced Recognition, which means that an Affidavit is the only B-BBEE Credential...
110 views

Newsletter Editor
Oct 22, 20242 min read
SILENCE VS CONFLICT
Here are three tips for avoiding the common conflict that many organisations face regarding what version of a B-BBEE Code of Good...
105 views

Newsletter Editor
Aug 21, 20241 min read
SOCIO-ECONOMIC PROJECT CONTRIBUTIONS
The core aim of Socio-Economic Project Contributions is to support income generation. Therefore, any contributions must pass the income...
99 views

Newsletter Editor
Aug 21, 20241 min read
EVIDENCE OF VIRTUAL LEARNING OR DISTANCE TRAINING
Virtual informal learning, otherwise referred to as distance training, has become the norm over the past few years. Providing evidence...
90 views

Newsletter Editor
Aug 21, 20241 min read
INTRA-GROUP PROCUREMENT SPEND
Intra-group procurement spend is a normal part of spending, especially for groups of vertically connected companies, which in many cases...
101 views


Newsletter Editor
Aug 14, 20242 min read
BECOMING A VENDOR
A successful vendor application is what allows a customer to purchase goods or services and pay their supplier with pre-conditions. ...
80 views


Newsletter Editor
Aug 14, 20241 min read
THE LIQUIDITY OF ENTERPRISE & SUPPLIER DEVELOPMENT BENEFICIARIES
The liquidity of an Enterprise Development Beneficiary matters. A long-term Enterprise & Supplier Development Strategy more often than...
100 views


Newsletter Editor
Aug 14, 20241 min read
MEETING SKILLS DEVELOPMENT TARGETS
Skills Development is an intrinsic part of building a transforming economy. It incentivises organisations to use 6% of their payroll...
105 views

Newsletter Editor
Aug 1, 20241 min read
2024 ANNUAL EMPLOYMENT EQUITY ROADSHOWS
The 2024 Annual Employment Equity Roadshows will commence on Tuesday, 06 August 2024 whereby the Department of Employment & Labour...
154 views

Newsletter Editor
Aug 1, 20241 min read
GAZETTE 50967 - PUBLIC PROCUREMENT ACT OF 2024
On 23 July 2024, Gazette 50967, the Public Procurement Act of 2024 was gazetted. The Act seeks: To regulate Public Procurement; and...
80 views

Newsletter Editor
Jul 24, 20241 min read
SKILLS DEVELOPMENT REPORTING FOR QSEs
Q | Is the Workplace Skills Plan or Annual Training Report mandatory at a B-BBEE Verification for QSEs? A | It is mandatory for...
106 views
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