The Independent Communications Authority of South Africa (Icasa) is aiming to introduce new BEE regulations for the Information and Communications Technology (ICT) sector before the end of the 2020/2021 financial year.
Read more in the BusinessTech and MyBroadband articles.
Click here for the ICASA Briefing to Portfolio Committee on Communications.
Click here to download the NPAT industry norms fir March 2020.
The Broad-Based Black Economic Empowerment (B-BBEE) Commission has released its annual report on the national status and trends on B-BBEE for the 2019 calendar year.
The Commission said that the report shows a 1% (43%: 2018 – 42%: 2019) decrease in the number of submitted compliance reports by JSE listed entities.
Click here to read more.
The Department of Tourism has encouraged eligible businesses to apply for the COVID-19 Tourism Relief Fund. Read more here.
On Tuesday, 18 February 2020, Cabinet announced its approval of the Employment Equity Amendment Bill 2020, to be submitted to Parliament. As the Bill makes its way to Parliament for deliberation, the Department of Employment and Labour has set the ball in motion for the introduction of sector-specific Employment Equity numerical targets. Read the full article in SA News.
Click here for Government Gazette Notice. Download the Draft Public Procurement Bill here.
In January 2019, Ntandazo Nkonki enrolled for a Master’s degree in Psychology at the University of Pretoria. ASK AFRIKA selected him from manty applicants for a bursary
that covered the full tuition amount for his degree and also his full year’s accommodation at his Tuks Res.
On top of this bursary, ASK AFRIKA also offered him work experience during university holidays, for which he received a full salary. For his studies, Ntandazo urgently required a new computer to conduct his research, as his computer did not have the necessary requirements. Again ASK AFRIKA stepped in and delivered!
As they say, hard work pays off!
Ntandazo, passed all 5 his subjects with an average of 71%. Two of the subjects, he passed with distinction – 79%.
Ntandazo, will now be enrolled onto an ASK AFRIKA internship programme, where he will be mentored to complete his Master’s Degree, and we believe he will be very successful!
According to the B-BBEE Commission’s Zodwa Ntuli an analysis of compliance reports submitted by JSE-listed companies indicates that the financial sector is regressing in ownership and management control. These companies could face possible penalties for non-compliance.
According to the government gazette, the issuing of export permits is subject to the Amended Agricultural Black Economic Empowerment (AgriBEE) Sector Code. This applies to any business that derives more than 50% of its turnover from:
Your business will require a valid BEE certificate, as part the application process, issued under the Amended AgriBEE Sector Code. All BEE certificates must be issued by an accredited BEE Verification Agency.
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Email: consult@beeanalyst.co.za For more information on the application forms, specific products and codes download the gazette here.
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