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AMENDED DRAFT CONSTRUCTION SECTOR CODE SIGNED OFF

 

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INDEPENDENT SWORN AFFIDAVITS NOT ALLOWED ANY MORE FOR EME’s AND MORE THAN 51% BLACK OWNED COMPANIES WITH TURNOVER OF LESS R50m PER ANNUM

The B-BBEE Regulator issued practice note “PRACTICE GUIDE 02 OF 2016” requiring that all future Sworn Affidavits  on the status of EME’s or at least 51% black owned companies with a turnover of less than R50m has to be done by the Business owners themselves in the prescribed format as supplied by the DTI  or they have to obtain a certificate from CIPC (Companies and Intellectual Properties Commission).

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IRBA WITHDRAWS FROM THE REGULATION OF B-BBEE VERIFICATION INDUSTRY

Irba

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