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THE
BEECHAMBER

DAILY NEWS


THE LIQUIDITY OF ENTERPRISE & SUPPLIER DEVELOPMENT BENEFICIARIES
The liquidity of an Enterprise Development Beneficiary matters. A long-term Enterprise & Supplier Development Strategy more often than...
Newsletter Editor
Aug 14, 20241 min read


MEETING SKILLS DEVELOPMENT TARGETS
Skills Development is an intrinsic part of building a transforming economy. It incentivises organisations to use 6% of their payroll...
Newsletter Editor
Aug 14, 20241 min read


2024 ANNUAL EMPLOYMENT EQUITY ROADSHOWS
The 2024 Annual Employment Equity Roadshows will commence on Tuesday, 06 August 2024 whereby the Department of Employment & Labour...
Newsletter Editor
Aug 1, 20241 min read


GAZETTE 50967 - PUBLIC PROCUREMENT ACT OF 2024
On 23 July 2024, Gazette 50967, the Public Procurement Act of 2024 was gazetted. The Act seeks: To regulate Public Procurement; and...
Newsletter Editor
Aug 1, 20241 min read


SKILLS DEVELOPMENT REPORTING FOR QSEs
Q | Is the Workplace Skills Plan or Annual Training Report mandatory at a B-BBEE Verification for QSEs? A | It is mandatory for...
Newsletter Editor
Jul 24, 20241 min read


COMMISSIONER OF OATHS
Q | Can a B-BBEE Sworn Affidavit be commissioned by a Commissioner of Oaths connected to the deponent that is an EME or QSE with more...
Newsletter Editor
Jul 24, 20241 min read


PAYMENTS ACCORDING TO THE GRADUATION FACTOR
Core to the Net Value calculation is the Graduation Factor formula that awards 8 points on the Ownership scorecard. The time-based...
Newsletter Editor
Jul 24, 20241 min read


WHAT IS THE DEFINITION OF A START-UP ENTERPRISE UNDER THE AMENDED CONSTRUCTION B-BBEE SECTOR CODES OF GOOD PRACTICE?
At times, we may find that there are differences between concepts under the Amended General B-BBEE Codes of Good Practice as well as...
Newsletter Editor
Jul 17, 20241 min read


THE MEASUREMENT OF OWNERSHIP IN BEPS
The Measurement of Ownership for Built Environment Professionals (BEPs) under the Amended Construction B-BBEE Sector Codes of Good...
Newsletter Editor
Jul 17, 20242 min read


SOCIO-ECONOMIC DEVELOPMENT CONTRIBUTIONS
Under the element Socio-Economic Development, there is an emphasis on the concept of the objective of facilitating income generating...
Newsletter Editor
Jul 17, 20241 min read


DO CONTINUED LEARNERSHIPS CONSTITUTE 'ABSORPTION’?
Q | In 2023, a Measured Entity had an unemployed Learner enrolled in an NQF 4 Learnership. In 2024 the same Learner was enrolled in an...
Newsletter Editor
Jul 9, 20241 min read


DOES A START-UP ENTERPRISE QUALIFY AS AN ENTERPRISE DEVELOPMENT BENEFICIARY?
Q | A Measured Entity enters into an Enterprise Development Beneficiary contract that involves a Start-up Enterprise. Schedule 1 of the...
Newsletter Editor
Jul 9, 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...
Newsletter Editor
Jul 9, 20241 min read


THE PROVINCIAL EAP BY POPULATION & GENDER
The below image extracted from the 24th Annual Commission for Employment Equity Report illustrates the Provincial EAP by Population and...
Newsletter Editor
Jul 3, 20241 min read


THE NATIONAL EAP BY POPULATION AND GENDER
The below image extracted from the 24th Annual Commission for Employment Equity Report illustrates the National EAP by Population and...
Newsletter Editor
Jul 3, 20241 min read


BONUS POINTS BASED ON TIMING
Enterprise Development and Supplier Development were designed to complement one another. Under the General Amended B-BBEE Codes of Good...
Newsletter Editor
Jun 26, 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
Jun 26, 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
Jun 26, 20241 min read


CONSIDERATIONS FOR THE SKILLS DEVELOPMENT SCORECARD
There are two facets to take into account on the Skills Development Scorecard, namely: 1. Skills Development Expenditure; and...
Newsletter Editor
Jun 18, 20241 min read


EITHER, OR, BUT NOT BOTH
Over time, one Beneficiary can be an Enterprise Development and Supplier Development Beneficiary. However, they can only be either an...
Newsletter Editor
Jun 18, 20241 min read
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