top of page
THE
BEECHAMBER

DAILY NEWS


WHAT IS THE DEFINITION OF A BLACK DESIGNATED GROUP SUPPLIER?
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, a Black Designated Group Supplier is defined as follows: “means...
Newsletter Editor
Nov 25, 20241 min read


SKILLS INTERVENTIONS FOR PERSONS WITH DISABILITIES
Persons with disabilities are the largest marginalised group globally. Paragraph 2.1.1.3 under Statement 300 of the Amended General...
Newsletter Editor
Nov 25, 20241 min read


WHAT IS THE DEFINITION OF DISABILITY?
Section 1 of the Employment Equity Act defines People with Disabilities as “ people who have a long-term or recurring physical. or mental impairment, which substantially limits their prospects of entry into, or advancement in, employment” Furthermore, the Codes of Good Practice for Persons with disabilities outlines more detailed requirements and definitions in line with the above. Members need to ensure that the definition of People with Disabilities is clearly understoo
Newsletter Editor
Nov 25, 20241 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
Nov 19, 20241 min read


CONDITIONS ATTACHED TO BENEFICIARY DELIVERABLES
More often than not when organisations enter into a relationship with an Enterprise Development or Supplier Development Beneficiary, it...
Newsletter Editor
Nov 19, 20241 min read


DO LARGE ENTERPRISES QUALIFY FOR EARLY PAYMENTS?
Early payments apply to Supplier Development Beneficiaries only. Clause 3.7 in Statement 400 of the Amended General B-BBEE Codes of Good...
Newsletter Editor
Nov 19, 20241 min read


DEFINITIONS OF A B-BBEE CONTROLLED COMPANY AND B-BBEE OWNED COMPANY
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, a B-BBEE Controlled and B-BBEE Owned Company is defined as...
Newsletter Editor
Nov 13, 20241 min read


HOW TO VERIFY THAT A B-BBEE RATING AGENCY IS ACCREDITED TO MEASURE A SPECIFIC CODE?
The SANAS Website publishes information on all accredited B-BBEE Rating Agencies, which, apart from the contact details, includes: o ...
Newsletter Editor
Nov 13, 20242 min read


UPDATED NOTICE TO LEGAL PRACTITIONERS ON THE LSC
On 29 October 2024, the Legal Practice Council issued an Updated Notice of Frequently Asked Questions on the Legal B-BBEE Sector Codes...
Newsletter Editor
Nov 13, 20241 min read


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
Nov 5, 20241 min read


LEGITIMATE RECOGNISABLE TRAINING EXPENSES
Under Statement 300 of the Amended General B-BBEE Codes of Good Practice , clause 6 lists various Legitimate Recognisable Training...
Newsletter Editor
Nov 5, 20241 min read


A ‘VOTING RIGHT’ VS AN ‘EXERCISABLE VOTING RIGHT’
Schedule 1 defines a ‘Voting Right’ as a Voting Right attaching to an Equity Instrument owned by or held for a participant, measured...
Newsletter Editor
Oct 29, 20241 min read


FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Credentials. They not only...
Newsletter Editor
Oct 29, 20241 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
Oct 29, 20241 min read


ENHANCED RECOGNITION FOR QSES
A QSE that is more than 51% Black Owned qualifies for Enhanced Recognition, which means that an Affidavit is the only B-BBEE Credential...
Newsletter Editor
Oct 22, 20241 min read


SILENCE VS CONFLICT
Here are three tips for avoiding the common conflict that many organisations face regarding what version of a B-BBEE Code of Good...
Newsletter Editor
Oct 22, 20242 min read
SOCIO-ECONOMIC PROJECT CONTRIBUTIONS
The core aim of Socio-Economic Project Contributions is to support income generation. Therefore, any contributions must pass the income...
Newsletter Editor
Aug 21, 20241 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
Aug 21, 20241 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
Aug 21, 20241 min read


BECOMING A VENDOR
A successful vendor application is what allows a customer to purchase goods or services and pay their supplier with pre-conditions. ...
Newsletter Editor
Aug 14, 20242 min read
bottom of page


