In Issue 11
- Synopsis of the Amended Construction Sector Code
- The Skills Development Incentive Contribution Recognition vs. Development
- The Puzzle of Preferential Procurement Compliance
- Protect the ‘Whistle Blower’
- Summary of the 17th Annual Commission for Employment Equity Report
- A Transformation Manager The Aptitude to Multi-Task Mandatory
- Risk vs. Reward Measuring ESD Performance
- Enterprise & Supplier Development A strategic Business Tool
- Disempower the Youth ‘But not in the name of Transformation’
- Development ‘It takes a Flexible Approach’
- ‘Barriers to Entry’ People with Disabilities
- Mental Health of a Workforce The Difference between Surviving or Thriving
This issue addresses the ‘Balance of Power’ between Transforming organisations and their Beneficiaries. The consequences of ill thought through out and imbalance partnership can be catastrophic for all parties involved. This is demonstrated in the article titled ‘The Balance of Power – Enterprise Development’ This article concludes with five experts working in-the-field giving a frank synopsis as well as tips for both Transforming organisations and Beneficiaries alike to secure the success of such partnerships.
On 9th June 2017, the Department of Trade and Industry (DTI) released Gazette No: 40898, which addressed the threshold for all Major B-BBEE Transactions. This is in reference to Code 100 of the Amended Codes, whereby organisations must register a Major B-BBEE Transaction with the B-BBEE Commission. The threshold has been amended to any transaction, where the value equals or exceeds R25 million. This notice, however, excludes Statement 103.
This applies to all Major B-BBEE Transactions concluded on or after 24th October 2014.
On 22nd May 2017, the B-BBEE Commission issued Practice Guide 02 of 2017, which clarifies the transitional period regarding the implementation of the Amended Codes. Consequently, from hereon, certificates issued to organisations, which fall within the ambit of the Generic Codes of Good Practice, must be issued based on the criteria of the Amended Codes. In accordance with the B-BBEE Amendment Act, organisations that fall within the ambit of a valid Sector Code must ensure their certificate is issued in accordance with the requirements of that particular code.