Trainyoucan

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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Trainyoucan

Amended BEE Codes – October 2013

EconoBEE is giving a cautious welcome to the new BEE codes which were gazetted by the dti minister, Dr Rob Davies on 11th October 2013. The codes will replace the existing BEE codes of Good Practice and must be followed within a year. The codes contain a mixture of good aspects and some complexities: They are fairly similar to the existing codes, although some weightings and names of some elements have been changed. Instead of 7 elements, we now use 5. However they still contain mostly the same indicators as…

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