News

Y.E.S. INITIATIVE PRACTICE NOTE

  • October 15, 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 1, 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 30, 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 29, 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…

More (Draft) Amendments to the B-BBEE Codes

  • June 26, 2018

The Department of Trade and Industry gazetted more proposed amendments to the Generic B-BBEE Codes on Friday 15 June 2018. The draft amendments are open for public comment until 14 August 2018. Once the draft amendments to the Generic Codes…

B-BBEE Reporting Requirements effective April 1st

  • May 11, 2018

Additional reporting obligations for JSE listed companies regarding B-BBEE compliance which will be effective for all reporting to the B-BBEE Commission as from 1 April 2018. The B-BBEE Commissioner recently issued an explanatory notice providing further details on the information…

Radical Transformation – Good or Bad

  • July 20, 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….

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