by VDT Attorneys | Aug 8, 2018 | BEE, Compliance, Property
It must be appreciated that BEE compliance has become a key aspect of doing business in South Africa. Through the application of industry sector charters as well as the pervasive impact of preferential procurement, it is nearly unavoidable in today’s times for any...
by VDT Attorneys | Aug 8, 2018 | BEE, Commercial, Company, Compliance
Since the Amended Codes of Good Practice for BEE (“BEE Codes”) came into operation about three years ago, many larger companies have found it increasingly difficult to comply with the elevated targets set for them under the Procurement element of their BEE scorecard....
by VDT Attorneys | Jul 12, 2018 | BEE, Business, Commercial, Company
On 29 March and 15 June 2018 respectively, the Minister of Trade and Industry issued proposed amendments to the General Principles, the Definitions, the Enterprise and Supplier Development Statements and Skills Development Statements of the Codes of Good Practice on...
by VDT Attorneys | May 15, 2018 | BEE, Business, Commercial, Construction
You are correct in that the B-BBEE Commission does require what is termed a “Major BEE Transaction” to be registered with it. Your first step would therefore be to determine whether your BEE transaction falls within the scope of a Major BEE Transaction. In accordance...
by VDT Attorneys | May 15, 2018 | BEE, Company, Employment
The Department of Trade and Industry published two draft statements on 29 March 2018 which contain a number of notable amendments to the current BEE Codes of Good Practice and provide for a 60 day period to provide comments on the proposed amendments (“Code...
by VDT Attorneys | Apr 6, 2018 | BEE, Financial
The Amended Financial Sector Codes of Good Practice (“Amended Codes”) was gazetted on 1 December 2017 and came into effect immediately. The Amended Codes differ from the generic Department of Trade and Industry (DTI) Codes of Good Practice in their calculation of the...
