There are two areas that I would like to address:
- Status of the sector codes
- Proposed B-BBEE Commission requirements for reporting of major B-BBEE transactions.
1. Sector Codes
The following table summarises the current position with sector codes:
| CODE | OLD CODES IMPLEMENTATION DATE | AMENDED CODES STATUS |
| Agricultural | 28 December 2012 | Comment closed, awaiting final document |
| Chartered Accountancy | 10 May 2011 | Repealed 17 February 2016 |
| Construction | 5 June 2009 | Original code repealed 17 February 2016. Draft amended code gazetted 28 October 2016 for 60-day comment |
| Financial Services | 26 November 2012 | Comment closed, awaiting final document |
| Forestry | 12 June 2009 | Comment closed, awaiting final document |
| ICT | 6 June 2012 | Final code Gazetted 7 November 2016 |
| Marketing, Advertising and Communication (MAC | 29 August 2008 (not finalised) | Final code Gazetted 6 May 2016d |
| Property | 1 June 2012 | Comment closed, awaiting final document |
| Tourism | 22 May 2009 | Final code Gazetted 20 November 2015 |
| Transport | 21 August 2009 | Comment closed, awaiting final document. |
What does this mean? In short, some confusion and error in the following spaces:
- Certificates and affidavits are issued under the amended general codes of good practice, and under the amended ICT, MAC and Tourism codes.
- Certificates are issued under the old, more lenient sector codes for Agriculture, Financial Services, Forestry, Property and Transport.
- Certificates and affidavits must be issued under the amended codes of good practice for companies in the Construction and Chartered Accountants sectors.
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