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B-BBEE STRAEGY FOR 2015

We are all aware of the fact that 2015 will be a year of big changes in the field of B-BBEE and this will impact in a major way on the sustainability and the future of your business. There are two major considerations over the short term to  implement ensuring you  firstly stay afloat and secondly gives you time to plan ahead for what is coming down the line.

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“COMPLEX FRONTING” ENTERS THE FRAY

Fronting

You may feel that we are bombarding you with e-mails on B-BBEE recently, which is quite true, but there is a lot happening as the DTI and Government is slowly but surely getting there act together due to the pressure on B-BBEE to show results for those it intends to benefit.

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SPECIALISED ENTITY AMENDED CODES OF GOOD PRACTICE

There are some significant changes in the requirements for Specialised Entities, which in some cases make it easier than in the past. The Gazette starts off by clarifying what Specialised Entities are and further states that these entities can contribute to the ownership of other enterprises as broad based ownership schemes.

Some of the important factors regulating Specialised EME’s are:

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