In the realm of economic empowerment, Broad-Based Black Economic Empowerment (B-BBEE) stands as a cornerstone initiative aimed at redressing imbalances of the past and fostering inclusive growth. However, even with its noble intentions, there lies a persistent challenge: Fronting Practices. Fronting Practices refer to the practice of misrepresenting the true nature of B-BBEE compliance, often undermining its objectives and perpetuating economic inequality. At its core, B-BBEE seeks to...

Worker's Day will be celebrated on May 1 st, and it holds a profound significance. It commemorated the struggles and achievements of workers, particularly in their fight for fair labour practices and rights. Originating from the historic struggle against Apartheid, it is a reminder of the solidarity and resilience of the workforce. This day honoured the contributions of workers across industries, acknowledging their role in shaping our Country’s socio-economic landscape. It is a time to...

Changes to B-BBEE Legislation in 2013 closed a loophole that allowed early payment terms for Black Owned businesses in exchange for Enterprise Development points. The amendments meant that an organisation may only claim early payment terms from Supplier Development Beneficiaries. Therefore, the following applies to an invoice on which a claim for early payment is going to be made: 1. The invoice payable for goods or services must appear in an organisation’s TMPS; 2. Only the amount...