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THE

BEECHAMBER

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NEWS

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QUARTERLY INDUSTRY NORM STATISTICS PUBLISHED

Statistics South Africa publishes data used to determine the Net Profit After Tax (NPAT) for calculating targets related to Enterprise Development, Supplier Development, and Socio-Economic Development in B-BBEE (Broad-Based Black Economic Empowerment) verification. The latest statistics, which will cover the first quarter of 2024, are set to be released in June 2024.

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 June 2024. The statistics in this version will be for the 1st quarter of 2024.

 

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 July 2024, the latest published stats to be used would be those posted during June 2024. 

 

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

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