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THE
BEECHAMBER

DAILY NEWS


A SKILLS DEVELOPMENT FORUM
An organisation's Skills Development is vital to evaluating the skills needs and shortfalls within its workforce. Notably, a Skills...
Newsletter Editor
Jun 18, 20241 min read


BENEFICIARIES OF ENTERPRISE AND SUPPLIER DEVELOPMENT
Under Statement 400 of the Amended General B-BBEE Codes of Good Practice , clause 3.7 identifies the requirements for Enterprise and...
Newsletter Editor
Jun 12, 20241 min read


WHAT IS THE DEFINITION OF BLACK DESIGNATED GROUPS?
Under B-BBEE Legislation the definition of “ Black Designated Groups” is stated under Schedule 1 of the Amended General B-BBEE Codes of...
Newsletter Editor
Jun 12, 20241 min read


DEFINING YOUTH
The Definition of Youth falls within the Black Designated Groups category. It was enacted as per the National Youth Development Agency...
Newsletter Editor
Jun 12, 20241 min read


ENHANCED RECOGNITION FOR QSEs
A QSE that is at least 51% Black-owned qualifies for Enhanced Recognition, which means that a Sworn Affidavit is the only B-BBEE...
Newsletter Editor
Jun 5, 20241 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 one...
Newsletter Editor
Jun 5, 20241 min read


WHAT IS THE DEFINITION OF A MILITARY VETERAN?
Under B-BBEE Legislation the concept of Miliary Veteran Is found under the definition of Designated Group Supplier and linked to the...
Newsletter Editor
Jun 5, 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
May 29, 20241 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
May 29, 20241 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
May 29, 20241 min read


WHAT ARE PRIORITY SKILLS?
Paragraph 3.1 of Statement 300 of the Amended General B-BBEE Codes of Good Practice applies Priority Skills as: Core, Critical and...
Newsletter Editor
May 21, 20241 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, 20241 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, 20242 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
May 14, 20241 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 14, 20241 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
May 14, 20241 min read


INFORMAL TRAINING - CATEGORY G
Informal training is the means that many organisations use to drive their Skills Development mandate. Category G is Informal Training...
Newsletter Editor
May 7, 20241 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 7, 20241 min read


WHY DO B-BBEE SECTOR CODE OF GOOD PRACTICE TARGETS MATTER TO ALL?
Daily, during the procurement process, organisations are purchasing across sectors, whether they are paying for hotel accommodation,...
Newsletter Editor
May 7, 20241 min read


CLAIMING SKILLS DEVELOPMENT EXPENDITURE
Based on Statement 300 of the General Amended B-BBEE Codes of Good Practice , an organisation can only claim Skills Development...
Newsletter Editor
May 1, 20241 min read
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