B-BBEE Measured Entities in the Financial Sector and Financial Sector Reporting

B-BBEE has a huge impact on the way we do business. As a company, it is important to know why B-BBEE was introduced, what it means for the country, how it affects your business and how your business can benefit from it. B-BBEE was implemented by Government to restore what has been lost and to... Read More

BEE, Focus, In-depth, LATEST

June 4, 2021

FAQ – Where can you find legitimate Enterprise & Supplier Development beneficiaries for your business?

Incuvest is a business incubator that takes the hassle out of Enterprise and Supplier Development. As a Business Incubator, Incuvest is the best and most effective solution for your companies Enterprise and Supplier Development needs. We ensure your Enterprise and Supplier Development contributions are used to grow and make our beneficiaries in the program self-sustainable... Read More

BEE, FAQ, LATEST

June 1, 2021

Episode 78: Joint Ventures And The Impact Thereof On B-BBEE

SEESA B-BBEE Legal Advisors, Tinita Gerber and Leze Jonker discuss Joint Ventures (JV’s) as a safe and viable option for companies caught in the situation where they have considered all other options to be B-BBEE compliant or for those difficult tenders which specifically requires a Joint Venture for the project. They explain the requirements of... Read More

BEE, LATEST, Podcast

May 26, 2021

Let Incuvest assist you with all your Enterprise and Supplier Development needs.

Does your company have to participate in Enterprise and Supplier Development for B-BBEE purposes? Tired of trying to find the proper beneficiary and all the admin associated with Enterprise and Supplier Development? Let Incuvest assist you with all your Enterprise and Supplier Development needs. As a verified Enterprise and Supplier Development Incubator, we ensure that... Read More

BEE, LATEST

May 17, 2021

B-BBEE And Your Trading License

In recent times we have seen many changes, not only in the way that business is done with most businesses going electronic but also with this new era of operating, some “old” requirements in some sectors have become “new” requirements in others. One does not always appreciate the effect that non-compliance will have on you... Read More

BEE, LATEST

May 14, 2021

FAQ – Is your business required to contribute to the B-BBEE ICT Sector Council fees?

The B-BBEE ICT sector council has made the decision that as from 1 December 2020, all ICT entities who obtains a B-BBEE certificate or affidavit, will need to contribute to the annual fees of the ICT sector council. If an entity, therefore, falls under the B-BBEE ICT sector, they will be required to provide proof... Read More

BEE, FAQ, LATEST

May 13, 2021

Did you know? – A construction company with 0% of black ownership can obtain a B-BBEE Level better than Level 4

If the enterprise’s turnover does not exceed the annual threshold of R10mil per annum, it will be exempt from complying with any of the prescribed elements and will only qualify for an automatic level 6. If the maximum points were reached for skills development and supplier development, this level 6 can be enhanced to a... Read More

BEE, DID YOU KNOW, LATEST

May 12, 2021

B-BBEE – Reasons why your business might drop a level

When you are a Qualifying Small Enterprise (QSE) or a Generic Company, you are normally required to spend a certain amount of money to obtain full points on specific elements on a scorecard (This excludes automatic BEE levels that you obtain because you have more than 51% black ownership). It happens that companies spend a... Read More

BEE, In-depth, LATEST

May 11, 2021

Episode 75: Amendments Within The Construction Sector Codes Effective from 1 December 2021

SEESA BEE Legal Advisors, Phillip van der Merwe and Johan Oosthuizen discuss the amendments within the Construction Sector Codes effective from 1 December 2021. This is in line with the amendments that came into effect on the Skills Development element on 01 December 2020. They also focus on the aspects in terms of the Socio-Economic... Read More