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THE
BEECHAMBER

DAILY NEWS


Newsletter Editor
Apr 23, 20241 min read
SOCIO-ECONOMIC DEVELOPMENT PRO-RATED CONTRIBUTIONS
Paragraph 3.2.1 of Statement 500 of the Amended General B-BBEE Codes of Good Practice warrants that a Socio-Economic Development...
80 views


Newsletter Editor
Apr 23, 20241 min read
LARGE ENTERPRISES A 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...
50 views


Newsletter Editor
Apr 23, 20241 min read
THE SUPPLIER DEVELOPMENT SHORTFALL
It is fair to surmise that the points earned on Supplier Development, especially since Enterprise & Supplier Development is a Priority...
85 views

Newsletter Editor
Apr 16, 20241 min read
NO DOUBLE DIPPING
In certain areas of the B-BBEE Scorecard, once a B-BBEE claim has been made under one element, the same spend must not form part of...
83 views

Newsletter Editor
Apr 16, 20241 min read
CONFIRMING JOB CREATION
Clause 2.4.2 of Statement 400 of the Amended General B-BBEE Codes of Good Practice allocates Bonus Points for creating one or more jobs...
191 views

Newsletter Editor
Apr 16, 20241 min read
FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Certificates and...
89 views

Newsletter Editor
Apr 9, 20241 min read
VALIDITY OF B-BBEE STATUSES
At the time of a B-BBEE Verification, many organisations fail to produce updated B-BBEE Statuses from their suppliers especially those...
127 views

Newsletter Editor
Apr 9, 20241 min read
A SAMPLE OF EVIDENCE
A B-BBEE Verification is based on a sampling of evidence and an element of risk. In other words, the process of analysing less than 100%...
140 views

Newsletter Editor
Apr 9, 20241 min read
WHAT CREDENTIALS ARE NECESSARY TO TENDER ABOVE A FINANCIAL THRESHOLD?
Those driving Preferential Procurement Strategies must bear the following in mind when an EME, QSE with more than 51% ‘Black’ Ownership...
72 views

Newsletter Editor
Apr 4, 20241 min read
EVIDENCE TO SUPPORT AN ENTERPRISE DEVELOPMENT LOAN
The most critical element of an Enterprise Development loan is that it is a loan and not a grant disguised as one. An organisation must...
116 views

Newsletter Editor
Apr 4, 20241 min read
CAN A MEASURED ENTITY RECEIVE POINTS FOR AN INITIATIVE WITH NO EVIDENCE?
At the time of B-BBEE Verification, a Measured Entity needs to produce all relevant evidence or documentation to substantiate their...
63 views


Newsletter Editor
Apr 4, 20241 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...
246 views


Newsletter Editor
Mar 19, 20241 min read
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...
288 views

Newsletter Editor
Mar 19, 20241 min read
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...
65 views


Newsletter Editor
Mar 13, 20241 min read
REVIEWED PROFESSIONAL REGISTRATION COUNCILS
As per Schedule 1 of the Amended Construction B-BBEE Sector Codes of Good Practice, “Professionally Registered Person” Or “ Registered...
167 views


Newsletter Editor
Mar 13, 20241 min read
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...
50 views


Newsletter Editor
Mar 13, 20241 min read
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...
48 views


Newsletter Editor
Mar 6, 20241 min read
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...
31 views


Newsletter Editor
Mar 6, 20241 min read
SKILLS DEVELOPMENT BONUS POINTS
The 5 Bonus Points for Skills Development in exchange for meeting Absorption targets can meaningfully impact an organisation’s overall...
61 views


Newsletter Editor
Mar 6, 20241 min read
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...
77 views
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