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THE
BEECHAMBER

DAILY NEWS


SKILLS DEVELOPMENT BONUS POINTS
The 5 Bonus Points for Skills Development in exchange for meeting Absorption targets can meaningfully impact an organisation’s overall...
Newsletter Editor
Feb 201 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...
Newsletter Editor
Feb 201 min read


THE BENEFITS OF ENTERPRISE AND SUPPLIER DEVELOPMENT IN SOUTH AFRICA
Broad-Based Black Economic Empowerment (B-BBEE) is a transformative policy aimed at increasing the participation of previously...
Newsletter Editor
Feb 112 min read


FOLLOW THE MONEY
Many organisations opt to use third parties in the implementation phase of their B-BBEE Strategy, which B-BBEE Legislation allows for....
Newsletter Editor
Feb 111 min read


CONTRACTS MUST SUPPORT THE EVIDENCE REQUIRED
A B-BBEE Verification is based on the evidence presented. Therefore, when entering into an agreement with a Beneficiary, a contract must...
Newsletter Editor
Feb 111 min read


BURSARIES | AN IMPORTANT COMPONENT OF SKILLS DEVELOPMENT
The commitment to transformation and empowerment has led to the establishment of various policies and initiatives, with the Broad-Based...
Newsletter Editor
Feb 42 min read


EXCLUDING VAT AS PART OF AN ORGANISATION’S TOTAL MEASURED PROCUREMENT SPEND
VAT is a Total Measured Procurement Spend (TMPS) exclusion as per Clause 6.1 of Statement 400 of the Amended General B-BBEE Codes of...
Newsletter Editor
Feb 41 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
Feb 41 min read


WHO HAS THE RIGHT TO SIGN A SWORN AFFIDAVIT?
The author or deponent of a Sworn Affidavit must be a duly represented registered Director / Owner / Shareholder / Member etc. of an...
Newsletter Editor
Jan 301 min read


ANNUAL SUBMISSIONS - WORKPLACE SKILLS PLANS AND ANNUAL TRAINING REPORTS
For most SETAs, the deadline for submitting Workplace Skills Plans (WSPs) and Annual Training Reports (ATRs) is 30th April 2025. Where...
Newsletter Editor
Jan 301 min read


ENTERPRISE DEVELOPMENT ELEVATION TO SUPPLIER DEVELOPMENT IS ENCOURAGED, NOT MANDATORY
Organisations are encouraged to achieve Bonus Points by graduating an Enterprise Development Beneficiary to a Supplier Development one....
Newsletter Editor
Jan 301 min read


DEVELOPMENT IS MORE THAN MONEY
Whilst making a financial contribution to an Enterprise Development or Supplier Development Beneficiary is deemed a contribution, it does...
Newsletter Editor
Jan 221 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
Jan 221 min read


UPDATE ON THE LEGAL B-BBEE SECTOR CODES OF GOOD PRACTICE
On 20 December 2024, Norton Rose Fulbright South Africa Incorporated made an application to the High Court of South Africa raising...
Newsletter Editor
Jan 221 min read


THE DEFINITION OF “BLACK NEW ENTRANTS”
The concept of “Black New Entrants” is found under the Ownership scorecard whereby the Amended General B-BBEE Codes of Good Practice...
Newsletter Editor
Jan 151 min read


A LOAN MUST TAKE THE FORM OF A DEBT INSTRUMENT
Although entering into an Enterprise or Supplier Development loan contract is generally done with the best intentions, some loans issued...
Newsletter Editor
Jan 151 min read


WHICH ENTITIES DO THE B-BBEE CODES OF GOOD PRACTICE APPLY TO?
A B-BBEE Code of Good Practice is a framework of measurement on a Measured Entity scores points to achieve a specific B-BBEE Status...
Newsletter Editor
Jan 151 min read


COMMISSIONER OF OATHS
Some time ago, the B-BBEE Policy Unit published a FAQ document online which assisted the implementation of B-BBEE Legislation.
Newsletter Editor
Dec 3, 20241 min read


B-BBEE VERIFICATION EVIDENCE FOR ABSORPTION
Some time ago, the B-BBEE Policy Unit published a FAQ document online which assisted the implementation of B-BBEE Legislation. One of the...
Newsletter Editor
Dec 3, 20241 min read


HIGH COURT CASE JUDGEMENT
On 25 November 2024, judgement was handed down regarding a matter involving Dimension Data Facilities (Pty), Dimension Data Investments...
Newsletter Editor
Dec 3, 20241 min read
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