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Johannesburg - The Department of Trade and Industry, together with the Black Economic Empowerment advisory council, will announce new BEE codes of good practice at a summit on 3 and 4 October.
Trade and Industry Minister Rob Davies announced earlier that his department, together with the BEE advisory council, would host the first ever BEE summit.
At the summit 10 years since the promulgation of the BEE Act will be celebrated and the BEE Act and refined BEE codes of good practice announced.
This comes after almost a year of silence on the topic since the issuing of the amended BEE codes of good practice for public comment, which raised many questions by economists and business owners.
The summit will also seek to exhibit the success of BEE as well as release research on BEE that has been conducted by the DTI.
Summary of some of the highlights of the proposed amended BEE Codes of Good Practice;
• Five elements in generic scorecard;
• Ownership points broadened to include designated groups in the main points;
• Exempted micro-enterprises and qualifying small enterprises thresholds adjusted;
• All companies in the R10m annual revenue category to comply with five elements;
• Revised qualification points for BEE recognition;
• New priority elements- ownership, skills development and supplier development;
• 100% black owned EME - level 1 status;
• 50% and above black owned EME - level 2 status and
• BEE employment equity elements aligned with the Employment Equity Act.
More information: www.izikhulu.co.za for updates on the BEE summit
Trade and Industry Minister Rob Davies announced earlier that his department, together with the BEE advisory council, would host the first ever BEE summit.
At the summit 10 years since the promulgation of the BEE Act will be celebrated and the BEE Act and refined BEE codes of good practice announced.
This comes after almost a year of silence on the topic since the issuing of the amended BEE codes of good practice for public comment, which raised many questions by economists and business owners.
The summit will also seek to exhibit the success of BEE as well as release research on BEE that has been conducted by the DTI.
Summary of some of the highlights of the proposed amended BEE Codes of Good Practice;
• Five elements in generic scorecard;
• Ownership points broadened to include designated groups in the main points;
• Exempted micro-enterprises and qualifying small enterprises thresholds adjusted;
• All companies in the R10m annual revenue category to comply with five elements;
• Revised qualification points for BEE recognition;
• New priority elements- ownership, skills development and supplier development;
• 100% black owned EME - level 1 status;
• 50% and above black owned EME - level 2 status and
• BEE employment equity elements aligned with the Employment Equity Act.
More information: www.izikhulu.co.za for updates on the BEE summit
