In partnership with
  • Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.

Loading...

Donations could cost BEE points

Nov 01 2012 08:20
Sapa

Johannesburg - Businesses could lose black economic empowerment points for making donations to charities which do not have 100% black beneficiaries, it was reported on Thursday.

This was according to amendments to the BEE Codes of Good Practice, on the trade and industry department's website, and available for public comment until December 2, The Star reported.

"All stakeholders who have concerns and objections are requested to make use of the 60-day period to make their submission," the department said.

Bridget Brun, a Durban BEE agency head, told the newspaper: "This amendment will have a huge effect. It means that if the charity benefits any Indian, white, coloured or even a Mozambican or Zimbabwean child, companies will not be able to claim points on their BEE scorecard. We are going to have segregated facilities."

Childline head Joan van Niekerk said BEE laws were becoming ridiculous.

"We don't know the race of the child who phones us. It's inappropriate to ask, 'Are you black, and how black are you?' This is a different kind of apartheid."


bee  |  donations

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
68 comments
Comments have been closed for this article.
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...