Archive for Transformation

Y.E.S. INITIATIVE PRACTICE NOTE

  • October 15th, 2018

From the Department of Trade and Industry   The first Practice Note for the YES initiative was released via Government Gazette 41975 of 12 October 2018. Elaborated issues in the Practice Note include: E.S. Measured Entities needs to Registered and…

MINING CHARTER FINALLY GAZETTED

  • October 1st, 2018

The final Mining Charter was gazetted on Friday 28 September 2018. This brings an end to an extended period of consultation. Some of the highlights of the newly gazetted Mining Charter are as follow: The ‘Once Empowered, Always Empowered’ principle…

B-BBEE OWNERSHIP TRANSACTION – NET VALUE POINTS SHORTFALL

  • September 30th, 2018

Chances are that the net value calculation is understating the B-BBEE Value. You might be missing the mark for the sub-minimum for the 40% Net Value Threshold. Book your consultation and valuation. E-mail: transformation@apros.co.za Findings: Unnecessarily discounted transaction value on…

YES – An opportunity to improve your BEE Scorecard

  • August 29th, 2018

On 28 August 2018 the Department of Trade and Industry gazetted the inclusion of the Y.E.S. (Youth Employment Services) initiative into the Amended Generic Codes of Good Practice. The inclusion of the Y.E.S. initiative to the Codes could potentially improve…

Radical Transformation – Good or Bad

  • July 20th, 2017

The term Radical Transformation is the new buzzword in BEE. But what does this mean? Is this something that one must embrace or oppose? As with beauty, whether transformation is radical or not, is in the eye of the beholder….