The B-BBEE Act provides for the gazetting of Sector Codes. A Sector Code gazetted in terms of section 9(1) of the B-BBEE Act carries the same status as the Amended Codes of Good Practice, which is gazetted under section 9(1).
The B-BBEE Amendment Act, section 9(6) states that an organisation, which falls under a specific Sector Code, must be verified in accordance with that particular Sector Code and not the Amended Codes.
During May 2015, the Department of Trade and Industry (DTI) issued a statement giving the various Sector Charter Councils an extension until October 2015 to align their Sector Code to the Amended Codes. Failure to meet this
deadline gave the Minister of Trade and Industry, Rob Davies, the right to repeal a specific Sector Code, which did not adhere to the set deadline. The majority of sectors managed to submit within the allocated timeframe, which resulted in
the publishing of the Draft Amended Sector Codes for public comment.