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THE
BEECHAMBER

DAILY NEWS


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...
Newsletter Editor
Jun 25, 20251 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...
Newsletter Editor
Jun 25, 20251 min read


MEASURING OWNERSHIP
The Ownership element of the B-BBEE Scorecard assesses the proportion of Ownership held by Black People within an organisation and is...
Newsletter Editor
Jun 19, 20251 min read


WHAT IS AN INDEPENDENT COMPETENT PERSON?
The Socio-Economic Development element requires an Independent Competent Person to present an Independent Competent Person’s Report to...
Newsletter Editor
Jun 19, 20251 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
Jun 18, 20251 min read


SELECTING A SKILLS DEVELOPMENT SERVICE PROVIDER
Selecting the correct Skills Development service provider, in most cases, is the difference between the success or failure of a Skills...
Newsletter Editor
Jun 10, 20251 min read


DEPARTMENT OF EMPLOYMENT & LABOUR ROADSHOWS
The Department of Employment & Labour roadshows are underway. This year's workshops focus on: How to implement the EE Amendments...
Newsletter Editor
Jun 10, 20252 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
Jun 3, 20251 min read


Y.E.S ADMINISTRATION COSTS
Youth Employment Service (Y.E.S) B-BBEE legislation and the subsequent Practice Note 1 of 2018 are clear that expenditure for the...
Newsletter Editor
Jun 3, 20251 min read


TIPS FOR DUE DILIGENCE WHEN ENGAGING A B-BBEE RATING AGENCY
Ethics, Skills, and Competence are at the top of the due diligence list when choosing a B-BBEE Rating Agency. Firstly, an organisation...
Newsletter Editor
Jun 3, 20251 min read


THE ROLE, VALUE AND PURPOSE OF SMMES IN SOUTH AFRICA | A TRANSFORMATIVE PERSPECTIVE
Small, Medium, and Micro-sized Enterprises (SMMEs) are an aspect of the South African economy that should not be overlooked or ignored....
Newsletter Editor
May 28, 20252 min read


PRACTICE NOTE ON OWNERSHIP FOR COLLECTIVE ENTERPRISES
In terms of the B-BBEE Act, on 18th May 2021, a Practice Note under Gazette #44591 was published by the Minister of Trade Industry &...
Newsletter Editor
May 28, 20251 min read


LARGE ENTERPRISES AS B-BBEE BENEFICIARIES
Section 3.7, under Statement 400 of the Amended General B-BBEE Codes of Good Practice , allows an active Enterprise or Supplier...
Newsletter Editor
May 28, 20251 min read


WHAT IS BLACK OWNERSHIP UNDER B-BBEE?
Under Broad-Based Black Economic Empowerment (B-BBEE) legislation, Black Ownership refers to the level of ownership in a business held by...
Newsletter Editor
May 21, 20252 min read


51% BLACK OWNED
The Preferential Procurement element measures the way a Measured Entity procures goods and services from Suppliers. One of the key point...
Newsletter Editor
May 21, 20251 min read


WHAT IS THE LEGAL DEFINITION OF A “FRONTING PRACTICE”?
When a Measured Entity implements B-BBEE Initiatives, they need to ensure that the initiatives do not constitute a Fronting Practice. As...
Newsletter Editor
May 21, 20252 min read


UNLOCKING ECONOMIC POTENTIAL: THE ROLE OF ENTERPRISE AND SUPPLIER DEVELOPMENT IN GROWING SOUTH AFRICA'S SMALL BUSINESSES
In the evolving landscape of South Africa’s economic transformation, the twin pillars of Enterprise Development (ED) and Supplier...
Newsletter Editor
May 15, 20252 min read


CLAIMING EARLY PAYMENTS
Changes to B-BBEE Legislation in 2013 closed a loophole that allowed early payment terms for Black Owned businesses in exchange for...
Newsletter Editor
May 14, 20251 min read


WHY DO B-BBEE SECTOR CODE OF GOOD PRACTICE TARGETS MATTER?
Daily, during the procurement process, organisations are purchasing across sectors, whether they are paying for hotel accommodation,...
Newsletter Editor
May 14, 20251 min read


THE SIGNIFICANCE OF EMPLOYMENT EQUITY IN THE SOUTH AFRICAN WORKPLACE
Employment Equity holds immense significance in the South African workplace as it plays a crucial role in promoting fairness, equality,...
Newsletter Editor
May 7, 20252 min read
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