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

Warehouse Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
R400 000 - R480 000 CTC per annum.Location: ...More

Supply Chain Analyst

  • <500 000 Analyst Permanent Supply Chain Western Cape
R400 000 - R500 000 per annum.Location: Cape ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Consultant
R650 000 - R750 000 per annumLocation: Cape ...More

Logistics Manager

  • <500 000 Gauteng Logistics & Warehousing Operations, Planning & Inventory Permanent
Salary: R 800 000 - R 900 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Salary: R 600 000 - R 650 000 ...More

Supply Chain Analyst

  • <500 000 Analyst Gauteng Permanent Supply Chain
R600 000 - R700 000 per annum Location: ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
R850 000 - R1 000 000 per annumLocation: ...More

Commodity Manager

  • <500 000 Commodities Permanent Procurement Management Western Cape
R700 000 - R850 000 per annum,Location: Western ...More

National Supply Chain Manager

  • <500 000 Across borders Permanent Procurement Management Supply Chain
R750 000 - R1 000 000 per annum,Location: ...More

Industrial Engineer

  • <500 000 >500 000 Industrial Engineer Operations, Planning & Inventory Permanent Western Cape
R450 000- R500 000 CTC per annum,Location: Western ...More

Commodity Manager

  • <500 000 Commodities Gauteng Permanent Procurement Management
Category: Procurement,Salary: R700 000 - R800 000 per ...More

Supply Chain Manager

  • <500 000 Gauteng Permanent Procurement Management Supply Chain
Category: Consulting,Salary: R750 000 - R800 000 CTC ...More

Logistics Manager

  • <500 000 Across borders Logistics & Warehousing Permanent Procurement Management
Category: Logistics,Salary: R900 000 - R1 000 000 ...More

Demand Planner

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
Area of Specialisation: Planning,Salary: R500 000 - R650 ...More

Industrial Engineer

  • <500 000 Analyst Gauteng Industrial Engineer Permanent
R800 000 - R850 000 CTC per annum.Location: ...More

Security Manager

  • <500 000 Analyst Gauteng Permanent Procurement Officer / Specialist
(Total Cost to Company R350K - R550K).This is ...More

Operations Manager

  • <500 000 Gauteng Operations, Planning & Inventory Permanent Projects / Category Management
(Total Cost to Company R650k - R750k) excluding

Commodity Manager Raw Materials

  • <500 000 Commodities Gauteng Permanent Strategic Sourcing
(Total Cost to Company R980k - R800k) excluding ...More

Commodity Manager Logistics

  • <500 000 Commodities Gauteng Logistics & Warehousing Permanent
(Total Cost to Company R1mil - R900k).Industry: Engineering

Procurement Consultant

  • <500 000 Gauteng Permanent Procurement Consultant Procurement Management
(Total Cost To Company 550K - 450K) includes ...More