Commission releases annual report on B-BBEE trends

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.

In the News: Employment Equity Amendment Bill to bring about real transformation

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.

Student Success Story

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!

Financial Services Industry faces possible penalties

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.

Read more here.

New rules in applying for your 2020 export permit

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:

  • The primary production of agricultural products;
  • The provision of inputs and services to enterprises engaged in the production of agricultural products;
  • The beneficiation of agricultural products whether of a primary or semi-beneficiation form; and 
  • The storage, distribution, and/or trading and allied activities related to non-beneficiated agricultural products.

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.

What can BEE Analyst do for you?

  • Assist you to understand the BEE Codes
  • Help you to get your BEE certificate

Need to level up your B-BBEE status?

Contact BEE Analyst for assistance

PHONE US : 012 997 0037

Email: consult@beeanalyst.co.za For more information on the application forms, specific products and codes download the gazette here.

Pen, J.C. Van Der Linde & Venter projects, BEE Analyst & eSTUDY Partnership

The value proposition of Black Economic Empowerment investment via
NPO Partnerships: BEE Instrumental in rewriting life stories while
optimizing BEE Levels

The latter end of 2017 gave way to a symbiotic venture created
between an inspirational NPO, a successful construction
company, a visionary BEE consulting firm and cutting-edge
digital training provider. Read more.