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BEE Q & A
Sector codes means a code which is applicable to a particular industry as defined by the Department of Trade and Industry (DTI).
There are 11 Sector codes which consist of:
The Standard DTI B-BBEE Code of Good Practice
Agri BEE Charter
Financial Sector Charter
Information and Communication Technology (ICT) Charter
Property Sector Charter
Charted Accountancy Sector Code
Integrated Transport Sector Codes
Forest Sector Codes
Construction Sector Code
Tourism Sector Code
Marketing, Advertising and Communication (MAC) Sector
Black people are defined as follow:
African, coloured or Indian persons who were either:
Born in South Africa
A citizen by descent (through one or more parents)
Became a citizen by naturalization before the commencement of the constitution
Became a citizen by naturalization after the commencement of the constitution, but who without the apartheid policy would have qualified for naturalization before then.
The major changes in the Revised BEE Code:
Seven BEE elements will be reduced to 5 BEE lements only. Management Control and Employment Equity will be combined and be called MANAGEMENT CONTROL. Preferential Procurement and Enterprise Development will be called ENTERPRISE AND SUPPLIER DEVELOPMENT. The compliancy level was increased from >30 pts to >40 pts. Penalty / Discounting principle will be introduced, if you do not achieve the sub-minimum on Ownership, Skills Development and Enterprise Supplier Development you will drop 1 BEE Level as a “penalty”.
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