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Have you got learnerships and other BEE training programmes in place?

Learnership Tracking www.learnershiptracking.co.za All Companies/Organizations that have a wage bill (inclusive directors drawings) in excess of R500 000 per annum, must pay 1% of this wage bill as a training Levy (SDL). In order to get some of this money back, they need to have an qualified SDF – Skills Development Facilitator (either internal or external) to advice/assist them with various processes. Why an Skills Development Facilitator? Have you been getting your grants back from your SETA? Is someone planning , monitoring  and ensuring that your training suits your BBBEE strategy…

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BBEE or Broad Based BEE

B-BBEE stands for Broad-Based Black Economic Empowerment. The objective of B-BBEE is to ensure that the majority of South Africans, whom are defined as being black people (as per the definition in the Codes) across all socio economic levels, are able to participate in the positive benefits of empowerment. The concept of Broad Based BEE was introduced by the Codes of the Practice. 7 B-BBEE Elements are now used to measure a company’s commitment to transformation, as follows: 1. Ownership 2. Management and control 3. Employment equity 4. Skills development…

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BEE codes of Good Practice

The B-BBEE Codes of Good Practice (“the Codes”) can be seen as the BEE rule book. Gazetted in February 2007, the Codes have added certainty to the BEE landscape and provide universal standards for the implementation and measurement of BEE initiatives, with the view of providing consistency, transparency and clear direction on BEE. Through the use of a BEE Scorecard, the Codes have thus seen BEE become an objective discipline with quantifiable and defined criteria and rules. The Codes have facilitated a move away from BEE being measured only in…

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Definition of Black People or BEE purpose

The Codes define “Black People” as African, Indian, and Coloured (including Chinese) People who are citizens of South Africa by: birth; or   descent; or   naturalization prior to the commencement date of the Interim Constitution (1993); or   naturalization after the commencement date of the Interim Constitution (1993), but were prevented from becoming naturalized by Apartheid.

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White-owned business be BEE Complaint

It is entirely a misconception that in order to be BEE compliant a black shareholder needs to be place. While historically the focus of BEE has been on the Ownership element, with the advent of the Codes and Broad-Based BEE or B-BBEE, the Ownership element is just 1 of 7 the BEE elements. The size of your business will determine the extent to which the Ownership element will be relevant. If you are an Exempted Micro Enterprise (i.e. an entity with a turnover of below R5 million per annum) then…

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What is the prosition of Start-up Enterprises and BEE

Start-up enterprises are measurable as an Exempted Micro Enterprises (“EMEs”) for the first year following their formation or incorporation, regardless of the expected total revenue of the start-up. Therefore Start-up enterprises are automatically deemed to be: Level 3 contributors if they are more than 50% owned by black persons. Level 4 contributors if they are less than 50% owned by black persons. In instances where such start-up enterprises tender for any contract with a value higher than R5 million but less than R35 million, they have to comply with the…

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