Our Richard Ryding will be attending the first-ever Government led BEE Summit in Johannesburg on Thursday and Friday this week.
It is anticipated that the Department of Trade Industry, together with the Black Economic Empowerment Advisory Council will announce new BEE Codes of Good Practice at this summit, following almost a year of silence since the issuing of the amended BEE Codes for public comment.
The amended BEE Codes included the following proposed changes:
• Five elements in generic and qualifying small entity scorecards;
• Ownership points broadened to include designated groups in the main points;
• Exempted micro-enterprises and qualifying small enterprises thresholds adjusted;
• Revised qualification points for BEE recognition;
• New priority elements- ownership, skills development and supplier development;
• 100% black owned EME – level 1 status;
• 50% and above black owned EME – level 2 status and
• BEE employment equity elements aligned with the Employment Equity Act.
Global will be keeping you informed of developments during the course of the Summit via our Twitter account. We have also provisionally booked dates in Johannesburg, Cape Town, Durban, Port Elizabeth and East London to present information breakfast sessions as soon as possible after the amendments are gazetted to present the changed Codes to you. Please email [email protected] if you would like to receive more information about these sessions.
Our BEE Bootcamps (no physical activity involved) will also incorporate the changed Codes and are scheduled to run during the month of November. See you there!