The Revised Codes of Good Practice have finally been Gazetted on 11 October 2013. You can access them Here to download or view. There will be a transition period of 12 months which means they will come into effect on 11 October 2014.
Submitted by admin on Wed, 08/20/2014 - 10:16
It has been on the cards through various actions taken over the last 2 years that the Government will use B-BBEE to strengthen its grip on the means of production in the country. The Government has been battling the process of an eroding support base and it needs to turn this process around, for which it needs access to the economy to generate itself additional capital. The question has just been how. It is now becoming clearer how this will be done.
The results from the recent elections on 7 May is showing the first signs of a power shift in South African Politics and B-BBEE will be one of the vehicles to try and stabilize or limit these shifts.
In these confusing and uncertain times it is important not to lose sight of the bigger picture in B-BBEE development to ensure you know what is coming down the line and are able to plan properly and make appropriate business decisions.