The Financial Sector Transformation Council (FSTC) issued a Formal Notice calling for the submission of B-BBEE Reports for the issue date between 01 January 2025 and 31 December 2025. Submission Platform: All reports should be submitted electronically via email to reporting@fstc.org.za with the subject: FSTC 2025 Reporting – (name of entity). Submission Deadline: All required documentation must be submitted no later than the close of business on Friday, 27 February 2026.Sho

The Balanced Broad-Based Black Economic Empowerment (B-BBEE) Scorecard remains one of South Africa’s most critical levers for sustainable and inclusive economic transformation. More than a compliance tool, it represents a strategic framework that challenges corporate leaders to redefine value creation, not only in financial terms but through measurable social and economic impact. Its impact is visible in the evolution of South Africa’s business landscape: an expanding base

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 the Skills Development Scorecard under Statement 300 of the Amended General B-BBEE Codes of Good Practice , an organisation may claim a stipend for an unemployed Bursar. 2.1.1.2 refers: “Skills Development Expenditure on bursaries for ‘Black’ Students at Higher Education Institutions”. Based on prior behaviour, this principle results in organisatio

The Department of Trade, Industry and Competition ( the dtic ) provides Sworn Affidavit templates for EMEs and relevant QSEs with at least 51% Black Ownership or more under the Amended General B-BBEE Codes of Good Practice. These Sworn Affidavits address all the information necessary for a B-BBEE Verification. However, as per Statement 000 of the Amended General B-BBEE Codes of Good Practice, only a Sworn Affidavit is required, so if a personalised Sworn Affidavit that cont

Many may not be familiar with the formal definition of a Black New Entrant as it only features under the Ownership Scorecard. As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice , “Black New Entrants” means: Black participants who hold rights of ownership in a Measured Entity and who, before holding the Equity Instrument in the Measured Entity, have not held equity instruments in any Entity which has a total value of more than R50,000,000.00 measured us

Statistics South Africa is the source used to determine the Net Profit After Tax (NPAT) for calculating the targets for Enterprise Development, Supplier Development and Socio-Economic Development. The latest statistics were published during September 2025. The statistics in this version will be for the 2 nd quarter of 2025. Any B-BBEE Verification from hereon would most commonly apply the latest Industry Norms published by Statistics South Africa. For example, if a B-B

The following rules apply when calculating Mandated Investments for under Statement 100 of the Amended General B-BBEE Codes of Good...

The SANAS Website publishes information on all accredited B-BBEE Rating Agencies, which, apart from the contact details, includes: o ...

It is fair to surmise that the points earned on Supplier Development, especially since Enterprise & Supplier Development is a Priority...

More than any other element under the Amended General B-BBEE Codes of Good Practice, Enterprise & Supplier Development was carefully...

Statement 000, Clause 7 of the Amended General B-BBEE Codes of Good Practice makes the following references: “7. Eligibility of Joint...

The rule of thumb in claiming Broad-Based Black Economic Empowerment (B-BBEE) points is to follow the money directly to the end...

Incorporating the Continuing Consequence Principle of the Ownership Scorecard allows organisations to score under the Ownership points...

The Socio-Economic Development element requires an Independent Competent Person (ICP) to present an Independent Competent Person’s Report...

When an organisation uses a Trust as a Special Purpose Vehicle for the Ownership element, points are awarded based on the Beneficiaries...

Bursaries play a critical role in South Africa’s Broad-Based Black Economic Empowerment (B-BBEE) framework, specifically under the Skills...

Early payments apply to Supplier Development Beneficiaries only. Clause 3.7 in Statement 400 of the Amended General B-BBEE Codes of Good...

A High Court Judgement has been recently released on whether the numerical targets set by the Minister are lawful or not. The...

The Legal Sector Charter Council recently published a Notice to all Attorneys to participate in a Stakeholder Engagement session. Part...

The Legal Sector Charter Council recently published Guidance Notice 01 of 2025 . The purpose of this Guidance Notice is to provide...