.png?width=2350&height=777&name=Transcend%20Logo%20White%20Web%20(RGB).png "Transcend Logo White Web (RGB)")
.png?width=2350&height=777&name=Transcend%20Logo%20Web%20(RGB).png "Transcend Logo Web (RGB)"){kind=icon}
BEE Consulting
1 min read
Book for Audit Assistance today to ensure that your BEE audit is completed efficiently With the ‘new normal’ of working remot...
Read more
Johannesburg – The key challenge of the new proposed BEE rules is to accelerate, broaden and deepen empowerment so it takes root at the core of the economy after two years of retrogression, said Director General of the department of trade and industry, Lionel October on Thursday.
Speaking at the Black Management Forum annual conference, he said there has been little empowerment in retail, manufacturing, agriculture and agri-business, which was part of the reason why there were not enough black industrialists in the economy.
One of the key changes to the policy would be to shift procurement to local players from December 7 and October envisages more linkages between government and potential procurers and business groups.
The new BEE rules had been given to the President and will be made available for public comment “soon”, said October.
“From now empowerment will be broad based.” The policy aims to deepen empowerment so it fitted more squarely into the productive base of the economy.
To get more insights from our BEE specialists, sign up and get our latest articles delivered to your inbox.
Transcend offers a range of content on BEE consulting, transformation, and all related advisory services and solutions. Click to read.