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 Development, Supplier Development and Socio-Economic Development.

The applicable version of the Statistics South Africa for B-BBEE Verification purposes for an organisation measured in February 2022 would be the version published on 1st March 2022. On 30th June 2022, the most recent set of statistics was released. The statistics in this version will be for the 1st quarter of 2022.

Any B-BBEE Verification from hereon would most commonly apply the latest Industry Norm as published by Statistics South Africa. For example, if a B-BBEE Verification took place in April 2022, the latest published stats to be used would be those posted on 30th June 2022.

Our Technical Compliance Support Desk is on hand to guide organisations in determining their NPAT based on the Industry Norm.