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B-BBEE Amended Codes of Good Practice workshop

Start
July 16, 2019 9:00 am
End
July 16, 2019 5:00 pm
Address
East London, South Africa   View map

R2,900.00

Amended B-BBEE Codes of Good Practice

Changing Gear with the new B-BBEE Codes

Be prepared for the implementation of the Amended Codes of Good Practice

Who/why attend

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The outgoing Minister of the Department of Trade and Industry has snuck in a farewell gift to business. He signed Gazette 42496 on 9 April 2019 and they were gazetted on 31 May 2019. You have 6 months to make significant strategic transitions with regard to your BBBEE elements.

Course Outline

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Join our Richard Ryding as he unpacks the interpretation, application and impact of these amendments which require serious attention. He will also refresh you in respect of the rest of the codes that have not been amended.

This means that measured entities need to urgently review their B-BBEE strategies which in turn will require revisiting crucial matters such as skills development, preferential procurement and other nuances impacting areas such as absorption and long-term contracts.


Key areas that will be addressed:

  • Implementation date and transitional requirements “within 6 Months from date of Gazette”.
  • Absorption meaning and long-term contracts mean “permanent” employment?
  • The change in scoring allocations in skills development and preferential procurement and the total points across all elements.
  • Allocation of skills development spend is changing to Higher Education Institutions as well as general learning programmes.
  • The change in the allocation of points, for example, to procurement from majority black-owned businesses.
  • The introduction of a multiplier of 1.2 times on procurement from entities which are at least 51% Black Owned or Black Women Owned using the Flow Through principle.
  • Supplier and enterprise development beneficiaries must be at least 51% Black Owned or 51% Black Women owned EME, QSE or Generic companies using the Flow Through principle. Terms and conditions apply.
  • A Supplier Development beneficiary must form part of the company’s supply chain.
  • The recognition percentage for Guarantees provided on behalf of a beneficiary has been increased from 3% to 50%.

These changes are significant and will impact planning for forthcoming verifications and target spend.

Details

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  • Duration                                                                1 Day
  • East London                                                        16 July 2019
  • Venue                                                                     TBC
  • Time                                                                       9:00
  • Workshop Price                                                 R 2 900

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Status

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