by VDT Attorneys | Mar 16, 2015 | BEE
In terms of the Amended Codes all BEE certificates issued after 30 April 2015 will have to comply herewith. Although several changes have been made to the current codes, one of the major changes is, what seems to be, an emphasis to ensure that businesses transform...
by VDT Attorneys | Feb 13, 2015 | BEE
The end of February is traditionally the end of the financial year for many businesses which means that for these businesses all the necessary BEE plans and expenditure need to be in place before the end of this February. When obtaining a BEE certificate, the latest...
by VDT Attorneys | Jan 12, 2015 | BEE
When we refer to QSE companies to be hard hit, we are specifically referring to those companies that have an annual turnover of between R10 and R35 million – they are thus above the R10 million threshhold for qualifying for an exempt certificate in terms of the...
by VDT Attorneys | Jul 11, 2014 | BEE
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by VDT Attorneys | Jul 8, 2014 | BEE
The drive to widen the application of BEE is evident from the following excerpt of President Zuma’s State of the Nation Address delivered to Parliament on 17 June 2014: “We will sharpen the implementation of the amended Broad-based Black Economic Empowerment Act and...
by VDT Attorneys | May 6, 2014 | BEE
The amended BEE Codes were gazetted to address these gaps and exert greater pressure on businesses to become more actively involved in BEE development. Accordingly, the priority element concept was introduced, with the following three elements being identified as...
