The New Gazetted Revised BBBEE codes

Posted by Transcend
Monday, 7 October 2013  |  Comments

Read all of Transcend's Posts

Join Transcend Corporate Advisors, will highlight the changes and the implications these changes will have on your business. click here for more info...

the new Codes of Good Practice are aimed at fostering real black economic empowerment in the economy, rather than empowerment on paper” – Department of Trade and Industry, National Summit for Broad-Based Black Economic Empowerment, October 2013

“In an environment where we have a worsening state of inequality, it is vital for the country to revise its efforts and focus wholeheartedly on promoting social inclusivity, in an attempt to deal effectively with varying expectations in South Africa. However, it is when we translate this national compact into a business context that difficulties emerge. We need to simultaneously promote and stimulate economic growth and at the same time promote inclusivity if we are to emerge as a country that effectively serves all its citizens. The RCoGP require a fundamental strategic review in order to align itself with both national and business objectives. Invasive surgery is never easy, but it is sometimes necessary.” Dr Robin Woolley, Director Transcend Corporate Advisors

 An initial glance the Revised Codes of Good Practice (RCoGP), which will be gazetted by Government on 11 October 2013, may leave one wondering what they were trying to achieve, and if this the changes are a step in the right direction or just too large a chasm to leap. These changes include:

  • new thresholds for Exempt Micro Enterprises, Qualifying Small Enterprises and Generics;
  • the automatic discounting of an entity’s level rating where the sub-minimum for Priority Pillars of the scorecard has not been met;
  • Qualifying Small Enterprises must comply with all Pillars of the scorecard, including Ownership.

Join us for a day as we unpack how the changes in the RCoGP support the emergent transformation needs of South Africa today. The following topics will be discussed:

  • High level Strategic implications of the changes for South Africa as a nation.
  • Focus on a comparative analysis and pillar by pillar approach, to review the differences of the proposed changes
  • Understanding the supporting legislation such as the BEE Act changes
  • Understanding the calculation methodologies
  • What are the likely process implications for the company
  • Alignment with charters?
  • Interpretative issues we are likely to face
  • Focus on the new combined pillars and the impact on your strategies around these pillars
  • Enterprise Supplier Development, what does this mean practically for our supplier development processes
  • Verification preparation implications
  • What do the changes mean for your business from a strategic perspective
  • Verification preparation Implications

Johannesburg - 17th and 22th of October 2013 (choose a date)

Glenhove Conference Centre

Durban – 29th of October 2012

- Umhlanga Rocks

Cape Town – 22nd of October2013

Lagoon Beach Hotel

BBBEE Revised BEE Codes News:

BBBEE codes under review South African Broadcasting Corporation

Minister Rob Davies says the review of BBBEE codes will make it simple for qualifying companies to participate in the business industry.(SABC)

B-BBEE Codes - Broader Approach Needed AllAfrica.com

Comments made by Minister of Trade and Industry, Rob Davies, at the South African Broad-Based Black Economic Empowerment (B-BBEE) Summit in ...

B-BBEE Codes - Stronger Focus On New Entrants Needed AllAfrica.com

... of the Broad-Based Black Economic Empowerment (B-BBEE) scorecard that would serve to make B-BBEE a more effective instrument to broaden participation ...

Subscribe to our RSS Feed
 

If you found this article useful, we invite you to subscribe to our RSS feed.

Subscribe to our RSS

What is RSS

blog comments powered by Disqus


Designed by Helios Design