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SUSTAINABLE ESD INITIATIVES
More often than not when organisations enter into a relationship with an Enterprise Development or Supplier Development Beneficiary , it...
Newsletter Editor
Aug 12, 20251 min read


CALCULATING TMPS
Total Measured Procurement Spend (TMPS) forms the basis of the calculation measuring an organisation's Preferential Procurement spend...
Newsletter Editor
Aug 12, 20251 min read


FOLLOW THE MONEY | SOCIO-ECONOMIC DEVELOPMENT CONTRIBUTIONS
Many organisations choose third party facilitators to distribute their Socio-Economic Development (SED) contributions , which B-BBEE...
Newsletter Editor
Aug 6, 20251 min read


30% BLACK WOMEN OWNED
The Preferential Procurement element measures the way a Measured Entity procures goods and services from Suppliers. Another key point...
Newsletter Editor
Aug 6, 20251 min read


DEFINITIONS OF 51% BLACK OWNED AND 51% BLACK WOMEN OWNED
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice , 51% Black Owned and 51% Black Women Owned is defined as follows:...
Newsletter Editor
Aug 6, 20251 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...
Newsletter Editor
Jul 30, 20251 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...
Newsletter Editor
Jul 30, 20251 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...
Newsletter Editor
Jul 30, 20251 min read


PAYMENTS ACCORDING TO THE GRADUATION FACTOR
Core to the Net Value calculation is the Graduation Factor formula that awards 8 points on the Ownership scorecard . The time-based...
Newsletter Editor
Jul 22, 20251 min read


COMMISSIONER OF OATHS
Q | Can a B-BBEE Sworn Affidavit be commissioned by a Commissioner of Oaths connected to the deponent that is an EME or QSE with more...
Newsletter Editor
Jul 22, 20251 min read


SOCIO-ECONOMIC DEVELOPMENT CONTRIBUTIONS
Under the element Socio-Economic Development , there is an emphasis on the concept of the objective of facilitating income generating...
Newsletter Editor
Jul 22, 20251 min read


WHAT IS THE DEFINITION OF A START-UP ENTERPRISE UNDER THE AMENDED CONSTRUCTION B-BBEE SECTOR CODES OF GOOD PRACTICE?
At times, we may find that there are differences between concepts under the Amended General B-BBEE Codes of Good Practice as well as...
Newsletter Editor
Jul 16, 20251 min read


THE MEASUREMENT OF OWNERSHIP IN BEPS
The Measurement of Ownership for Built Environment Professionals (BEPs) under the Amended Construction B-BBEE Sector Codes of Good...
Newsletter Editor
Jul 16, 20252 min read


LEGAL SECTOR TRANSFORMATION FUND ESTABLISHMENT
The Legal Sector Transformation Fund (LSTF) has been established in terms of Paragraph 37 of the Legal Sector Code (LSC) for the...
Newsletter Editor
Jul 16, 20251 min read


WHY INVEST IN ENTREPRENEURSHIP?
Investing in Entrepreneurship in South Africa, particularly within the framework of Broad-Based Black Economic Empowerment (B-BBEE), can...
Newsletter Editor
Jul 9, 20251 min read


SKILLS DEVELOPMENT & CONDITIONAL OBLIGATIONS
Generally, expenses on Bursaries for employees do not constitute Skills Development Expenditure if an organisation can recover any of...
Newsletter Editor
Jul 9, 20251 min read


BENEFICIARIES OF ENTERPRISE AND SUPPLIER DEVELOPMENT
Under Statement 400 of the Amended General B-BBEE Codes of Good Practice , clause 3.7 identifies the requirements for Enterprise and...
Newsletter Editor
Jul 2, 20251 min read


WHAT IS THE DEFINITION OF A MILITARY VETERAN?
Under B-BBEE Legislation the concept of Miliary Veteran Is found under the definition of Designated Group Supplier and linked to the...
Newsletter Editor
Jul 2, 20251 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
Jul 2, 20251 min read


BONUS POINTS BASED ON TIMING
Enterprise Development and Supplier Development were designed to complement one another. Under the General Amended B-BBEE Codes of Good...
Newsletter Editor
Jun 25, 20251 min read
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