As many clients may be aware, the DTI has published comprehensive proposed amendments to the B-BBEE Codes of Good Practice, which are currently open for public comment and submissions.  The proposals, if accepted in their current form, will have far-reaching (and unfortunately largely negative) consequences for the current BEE programme and the way businesses operate.

We have prepared a detailed summary, with our comments, on the proposed codes, which will also be submitted, in amended format, to the DTI.  We encourage all our clients to read these comments and to make submissions of their own – it could make a real difference.

As many clients may have seen in the media in the past weeks, pressure from civil society has already succesfully led to the DTI withdrawing a blatantly rascist and controversial proposal relating to Socio-Economic Development (it was proposed that measured entities’ SED spend would only be recognised if 100% of the beneficiaries of the charities to which the money goes are black – which would have had massively detrimintal consequences for the funding of a large majority of charitable organisations in South Africa).  Sadly, this controversy has served to distract the public eye from even worse proposals contained in the remainder of the draft codes.  Not enough is being said about the balance of the proposed codes, which will adversely affect most participants in the B-BBEE programme (even those with impeccable BEE credentials).

Please follow the link below to get an understanding of the effects that the proposed codes, in their current form, will have on your business:

https://www.dropbox.com/s/f0uzxu74ne7kltb/Comment%20Final.pdf