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THE

BEECHAMBER

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NEWS

QUARTERLY INDUSTRY NORM STATISTICS PUBLISHED

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Statistics South Africa provides the Net Profit After Tax (NPAT) data used to calculate targets for Enterprise Development, Supplier Development, and Socio-Economic Development in B-BBEE verification. The latest statistics, relevant for these calculations, were published in December 2023 and cover the 3rd quarter of 2023.

Statistics South Africa is the source used to determine the Net Profit After Tax (NPAT) for calculating the targets for Enterprise Development, Supplier Development and Socio-Economic Development. The latest statistics were published during December 2023. The statistics in this version will be for the 3rd quarter of 2023.

 

Any B-BBEE Verification from hereon would most commonly apply the latest Industry Norm published by Statistics South Africa. For example, if a B-BBEE Verification takes place in January 2024, the latest published stats to be used would be those posted during December 2023. 

 

Technical Compliance Services is available to guide members in calculating their Targets.

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