Confusing Codes clarified as Zuma affirms BEE priority

| 0 Comments

 

President_Zuma_Inauguration.jpgThe next five years will see radical socio-economic transformation as “economic transformation and inclusive growth take centre stage among state priorities,” said Jacob Zuma at the inauguration of his second term of office as State President. He affirmed the role of Black Economic Empowerment (BEE) as one of these priorities.


It is therefore reassuring that the Department of Trade and Industry (Dti) has already been working towards clarifying some of the confusion in the BEE Codes, says Signa CEO Murray Chabant.


A joint technical committee of the Dti and the Association of BEE Verification Agencies (ABVA) made the following key announcements in a report released in May 2014.


1. Clarification statements
relating to the current Codes of Good Practice (2007) have been released. These statements address issues in ownership, employment equity, preferential procurement and enterprise development. (Interpretation_Statement_2007_COGP_042014.pdf


2. All BEE certificates
issued from 1 May 2015 must reflect the requirements of the Amended Codes; this also applies to Sector Charters. If verification takes place after 30 April 2015, irrespective of financial year end, the Amended Codes will apply.


3. The various statements
that were omitted in the Amended Codes will be released by the end of the current financial year.


4. B-BBEE certificates
issued under the 2013 Amended Codes are valid and entities that are ready to be measured on the Amended Codes must have their BEE certificates accepted in the market, as they are legally valid.


5. Alignment of Sector Codes:
Sector Codes are required to align with the amended Codes by 30 April 2015, failing which the Amended Codes will apply.


6. Empowering Supplier status:
A qualifying small enterprise (QSE) that has greater than 51% black ownership will have to confirm its status as an empowering supplier on its affidavit.


While the market undoubtedly appreciates these clarification statements, many issues in the Amended Codes remain unclear, says Chabant.


“With BEE identified as a priority for the next five years of economic transformation, it is critical that the Amended Codes of Good Practice are clear and well understood by business to ensure accurate and meaningful implementation.”


In the last 10 years Signa has assisted over 1 000 businesses implement effective transformation strategies that have seen marked improvements in their BEE scores and organisational empowerment. Signa is a member of ABVA.
 

Leave a comment


SmartProcurement Newsletter
X

Please enter your details below to receive the SmartProcurement Newsletter for FREE on a regular basis.

As part of the SmartProcurement Newsletter you will be receiving World Class Procurement News, Tools, Tips, Tactics, Procurement Training updates, Upcoming Events, and the latest Procurement Career Openings.

* Email Address:
* Title:
* First Name:
* Surname:
* Company:
  Position:
* Country:
* Public / Private:

 

Career opportunites

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Sourcing

  • >500 000 Gauteng Permanent Procurement Officer / Specialist Strategic Sourcing
Sourcing R 800 000 – R 1.0 million ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
 Supply Chain Planner R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner .R 350 000 - R550 ...More

Supply Chain Planner

  • <500 000 >500 000 Gauteng Operations, Planning & Inventory Permanent Supply Chain
Supply Chain Planner R 350 000 - R550 ...More

Demand Planner.

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Strategic Sourcing
Demand Planner.R 400 000 – R 500 000 ...More

Logistics Specialist

  • >500 000 Gauteng Logistics & Warehousing Permanent Procurement Officer / Specialist
Logistics Specialist,R 400 000 – R 500 000 ...More

Warehouse & Distribution Manager

  • >500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Warehouse & Distribution Manager.R 550 000 – R ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Supply Chain
Operations Excellence Manager,R 700 000 – R 800 ...More

Operations Excellence Manager

  • >500 000 KwaZulu Natal Operations, Planning & Inventory Permanent Procurement Management
Operations Excellence Manager:R 750 000 – R 850 ...More

Supply Chain Manager

  • >500 000 Gauteng Permanent Supply Chain
https://www.tech-pro.co.za/pages/jobdetail.aspx#!Gauteng/Supply%20Chain/Supply%20Chain%20Optimization%20Manager/TP2004313/MMaR 900 000 – R 1.0 million CTC ...More

Procurement Specialist / Buyer

  • <500 000 >500 000 Permanent Procurement Officer / Specialist
Job Purpose/Scope The role will manage relatively small

Assistant Distribution Center Operations Manager

  • <500 000 Operations, Planning & Inventory Permanent Procurement Management Western Cape
(Total Cost to Company R360K-R420K) .Location: Cape Town.Opportunity ...More

Business Analyst Continuous Improvement Analyst

  • <500 000 Analyst Permanent Supplier / Business Development Western Cape
(Total Cost to Company R550K – R650K)Role: Business ...More

Senior Analyst

  • >500 000 Analyst Gauteng Permanent Projects / Category Management
(Total Cost to Company R600k – R700K) excluding ...More

Demand Planner

  • <500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
(Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Demand Planner

  • >500 000 Operations, Planning & Inventory Permanent Supplier / Business Development Western Cape
 (Total Cost to Company R500K-R650K) Location: Cape TownThe opportunity ...More

Commodity Specialist

  • >500 000 Commodities Gauteng Permanent Procurement Officer / Specialist
 (Total Cost to Company R500K – R600K) excluding ...More