Entities often question the relevance of having a non-compliant BEE certificate when being non-compliant has zero BEE recognition. There are many reasons for opting to obtain a non-compliant BEE certificate. One of the primary reasons for obtaining a BEE certificate, even a non-compliant certificate, is to be registered on large enterprises’ vendor databases. Without a…
Category: BEE
DYK – The B-BBEE Policy In South Africa Also Applies To The Agricultural Sector?
The goal of B-BBEE in the agri sector is to promote the participation and advancement of black farmers and agri-businesses while ensuring that they have the necessary skills, resources, and support to succeed. This includes initiatives such as land reform, which aims to transfer land ownership from white to black farmers, and support for small-scale…
Are Your Suppliers Costing You B-BBEE Points?
Is your business missing out on B-BBEE points due to non-compliant suppliers? By procuring from empowering suppliers with favourable B-BBEE status levels, entities will receive recognition on the Enterprise and Supplier Development Scorecard. They can gain up to 27 additional points on their scorecards. The following are a few reasons why companies should properly vet…
Episode 149: What are the common misconceptions regarding BEE?
SEESA BEE Legal Experts Solita Pillay and Saigal Inderpal discuss the most common misunderstandings in the BEE industry and unravel some BEE truths. They also focus on what is accurate and true. Click on the play button below to listen to our podcast! SEESA BEE Legal Experts Solita Pillay and Saigal Inderpal discuss the most…
When Will A Measured Entity Qualify For Skills Development Absorption Bonus Points?
Absorption entails the long-term permanent employment of a previously unemployed Learner, Intern or Apprentice after successfully completing the applicable accredited, registered and qualifying training programme. In terms of the Amended Codes of Good Practice, the absorption target is calculated as 5% of the company’s total workforce. It is important to note further education does not…
Bursaries And The Amended Skills Development Scorecard
On 31 May 2019, the Skills Development element of the Amended Codes of Good Practice scorecard was amended to make specific provisions for a bursary indicator. In terms of the amendment, large entities (with turnovers higher than R50 million per annum) must contribute 2.5% of their annual payroll towards bursaries for black people to gain…
Episode 146: What are the targets for Enterprise, Supplier and Socio-Economic Development in terms of the ICT Sector Codes?
SEESA BEE Legal Advisors, Leze Jonker and Danie Wessels discuss which entities fall under the ICT Sector and what the requirements are for Enterprise, Supplier and Socio-Economic Development elements on both the QSE and Generic Scorecard. They also discuss how SEESA can assist clients in obtaining the required points for Enterprise and Supplier Development by…
DYK – Designated Employers Are Required To Submit An Employment Equity Report To Claim Points For B-BBEE.
The Employment Equity Act (hereinafter referred to as the EEA) stipulates that the annual submission of an Employment Equity report is compulsory for any company with over 50 employees or where the company has less than 50 employees, but the annual turnover equals or exceeds the industry thresholds as published in Government Gazette No. 37238…
Can An Enterprise Development Contribution Be Made To A Non-Profit Organisation?
Enterprise Development is monetary or non-monetary contributions to contribute to the development, sustainability and financial and operational independence of those beneficiaries. Non-monetary contributions include any services and/or products that assist the beneficiaries in increasing their financial or operational capacity. Recognition of non-monetary contributions is limited in accordance with the benefit factor matrix. Enterprise Development contributions…
Construction Industry: How To Correctly Implement A Supplier Development Program
On 1 December 2017, the Amended Construction Sector Code was published in terms of Government Gazette number 41287. This Sector Code makes provision for Supplier Development Programs on the Generic Construction Sector Code Scorecard. Generic Enterprises are Contractors with an annual turnover above 50 million Rand and BEP’s (Built Environmental Professionals) with an annual turnover…