Loading...
See More

Donations could cost BEE points

Nov 01 2012 08:20 Sapa

Related Articles

Phosa: BEE not working

Revised BEE codes raise eyebrows

BEE an economic imperative - Davies

Mantashe: I have serious issues with BEE

Absa BEE partner offloads R3.4bn stake

Davies warns of stricter BEE codes

 

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
69 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

11 things men don’t know about their clothes

There’s actually a logical explanation for that little button under your collar.

 
 

Men24.com

Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!
SA’s Playboy Playmate of the year in action!

Money Clinic

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