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Unpacked (Preferential Procurement Policy Framework Act)

The South African tender process can be rather confusing to business owners looking to procure state tenders. The amended Preferential Procurement Policy Framework Act of 2000 (PPPFA) has been aligned with the socio-economic goals laid out by the Constitution regarding Broad-Based Black Economic Empowerment. In...

What is the Equity Equivalents Programme?

A 2013 report by the South African Communication and Information Department revealed that the Foreign Direct Investment contribution to the economy in 2013 was a staggering $8 Billion. Multinational companies find it difficult to comply with B-BBEE ownership requirements, which led to the development of...

Understanding Black Economic Empowerment in Three Easy Steps

One need only look at the collection of acts introduced by the British colonial and Apartheid governments to see why the Broad-Based Black Economic Empowerment (B-BBEE) Act was passed by parliament in 2003 and signed into law by then president, Thabo Mbeki, in 2004 –...

What’s the Difference Between Employment Equity and Affirmative Action?

Many business owners use the terms ‘employment equity’ and ‘affirmative action’ interchangeably, but – while both have the purpose of ensuring that the workplace is non-discriminatory, and more representative of the population – there are significant differences distinguishing them. Are you confused by what is...

Empowering Supplier Status Extended

NEWSFLASH: One of the changes of the revised BBBEE Codes of Good Practice, which came into effect in May 2015, was the requirement to be a so-called ‘Empowering Supplier’. However, states a press release released by the Department of Trade and Industry, the prevailing economic...

skills-development
BEE and Skills Development

Significant changes in the revised Broad-Based Black Economic Empowerment (B-BBEE) codes on 1 May 2015 resulted in skills development becoming one of five priority elements on the B-BBEE scorecard. This element encourages Qualifying Small Enterprises (QSEs) and larger entities to provide accredited training to the...

How to spot a fake BEE certificate

Qualifying Small Enterprises (QSEs) with an annual turnover of more than R10 Million, and larger entities with an annual turnover of more than R50 Million require a BEE compliance certificate in order to procure business from Government. Unfortunately, this has led to the selling of...

SMME ED & SD
SMME ED & SD business breakfast report 2016

The Entrepreneurship Custodians Network in partnership with SAB&T as a host partner held the SMME Enterprise& Supplier Development Business Breakfast Event at the Somatology Campus Centurion on the 12th of August 2016. The theme of the event was “Strategy to integrate SMMEs into the supply...

BEE and Socio-Economic Development

Socio-Economic Development forms part of the government’s policy of Black Economic Empowerment and is one of the five elements in the revised Broad-based Black Economic Empowerment (B-BBEE) codes – encouraging medium and larger organisations to help the previously disadvantaged facilitate their own business or income....

What is the BEE Commission?

Due to what it termed ‘rife fronting’, the establishment of a BEE commission was announced in October 2015 by the Minister of Trade and Industry. The commission, which began its operations in April this year, has a mandate to investigate and deal with fronting, fraud,...

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