Minister Rob Davies in his opening address indicated that the new Codes will be published on the 11th of October with provision for a one year transition period.  He indicated that the Codes had previously made it easy to score points without having any substance and that the new Codes will change that.  A new change to the current verification process will be that 100% small black-owned companies will automatically achieve a Level 1 BEE status without having to be verified.

Research results on BEE progress will be presented during the course of the summit over the next two days.

Follow us on Twitter @GBSinSA during the course of today for regular updates from the Summit.