top of page

THE

BEECHAMBER

Asset 4.png

NEWS

THE RELEVANCE OF SCHEDULE 1



Paramount to the success of any B-BBEE Strategy is the holistic knowledge of the definitions and interpretations held in Schedule 1 of the Amended General B-BBEE Codes of Good Practice. The core reason is that definitions contained within other pieces of legislation, in some instances, differ from Schedule 1.

 

Schedule 1 directs that:

  • Interpretation of the B-BBEE Codes of Good Practice must be according to the provisions in Schedule 1 unless the context requires a different meaning.

  • In interpreting the provisions of the B-BBEE Codes of Good Practice, any reasonable interpretation consistent with the objectives of the Act must take precedence.

  • Words importing persons shall, where the context so requires or admits, include individuals, firms, partnerships, trusts, corporations, governmental bodies, authorities, agencies, unincorporated bodies of persons or associations and any organisation having legal capacity.

 

Requirements under B-BBEE Sector Codes of Good Practice may differ.

 

Technical Compliance Services are available to assist members with understanding definitions.  

Comentários


bottom of page