The Revised Codes of Good Practice have brought about some interesting changes to the Skills Development element, including: Skills Development has now been broken down into sub-race groups . It will no longer be required to only prove registration with your applicable SETA, all entities will be required to submit a SETA approved WSP, ATR […]
Category Archives: Uncategorized
The Element of Management Control
Based on the 2007 Codes of Good Practice, the Management Control element was measured with Management Control scoring 10 points and Employment Equity scoring 15 points on the Generic Scorecard. Together with bonus points, the elements were worth 29 points. The Department of Trade and Industry improved on this, believing that meaningful transformation will only […]
B-BBEE: Ownership, a Priority Element
Ownership is now a priority element which will need to be complied with by both QSE’s and Generic enterprises. The ownership scorecard percentage has not changed significantly from that of the previous Codes, the target is still 25% however, the points have increased from 20 to 25 points. The Modified Flow Through* principle is now […]
B-BBEE: Fronting and Consequences
South African businesses are under pressure to comply with, and actively implement B-BBEE. In the race for business, there may still be enterprises that are relying on the distortion of information in order to achieve these ratings. What is fronting? Fronting is a deliberate or attempted evasion of the B-BBEE Act and the Codes of […]