In Issue 10
- Explore the Draft Amended Construction Sector Code
- The expectations of the Amended ICT Sector Code
- How could Sale of Assets contribute towards Equity Ownership?
- What are the new Preferential Procurement Policy Framework Regulations, which came into effect on April 1st
- What is the Mining Charter?
- Know you’re ABCs Anti-bribery & Corruption
- The Pinnacle of Transformation Job Creation vs Compliance
- What are Barriers to Entry?
- Supplier Development explore the Conscious Courtship
- Mental Health What the eye cannot see
- Workplace Depression How does the Employment Equity Act view it?
- Confidence Own the Room
2017 marks the 10th anniversary of the introduction of the 2007 Codes of Good Practice. These were the first measurement benchmark for B-BBEE compliance, which outlined the expectations of Transformation in corporate South Africa. These Codes were implemented with the best intentions. However, there were a number of grey areas that led to varying interpretations and applications. Many organisations obligated their supply chain to Transform, in order to secure their Preferential Procurement points. The issue of Ownership fell through the cracks, as organisations were able to rely on other measured elements to secure a favourable B-BBEE score. Essentially, !the more stringent 2013 Amended Codes of Good Practice were put in place to close the loopholes and encourage meaningful and sustainable Transformation.
On 1st April 2017, the Preferential Procurement Policy Framework Regulations of 2017 came into effect. These Regulations will be effective until they are repealed and replaced with the Public Procurement Act. These new Regulations will, however, mould the final outcome of the procurement element of the Amended Construction Sector Code.