FInal phase of New B-BBEE Codes to be gazetted

Posted by Transcend
Tuesday, 5 May 2015  |  Comments

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"In October 2013, the Minister of Trade and Industry issued the codes of good practice for an 18 month period - those codes came into effect on the 1st of May. That's Phase 1 of the codes and it covers about 80% of the Codes of Good Practice. There's a second phase of the codes which the Minister has already signed and will be uploaded for gazetting. Those set of codes will be available to the market by this Thursday. When BEE is measured, you are always measured on a 12 month basis and so the effect of these codes will only felt 12 months later. If you did a BEE score card last week, you will have used the last 12 month period to measure your BEE certificate and that certificate will be valid for the next 12 months"

We wait in anticipation for Thursday.

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